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Canada Property Investment For Sale

 

"A mature, established economy that still offers investment potential in a relatively risk-free environment"

 

Politically and economically stable, Canada is the second largest country in the world and one of the richest.  Although it has a vast landmass and has huge oil, gas, logging and agricultural industries, much of the population - almost half of the citizens - live in and around the big conurbations such as Montreal, Vancouver and Toronto.

With strong affiliations to both Britain and France, Canada is a country in which many European buyers feel safe and welcome and is a very attractive proposition for relocation or even low level investment.

Although there are few risks in Canadian property investment until recently only those planning to relocate or those who regularly holidayed in Canada would consider buying but with reliable and cheap air transport, low property prices and an expanding  tourism market the perception of the country has changed.

Tourism is now a strong sector for investment and is seeing on-going growth especially in ski areas whilst oil mining locations offer exciting opportunities with areas like the Canadian Oil Sands (the World’s largest source of oil) playing a pivotal role in the Canadian economy.

Country Guide

Geography

Canada is the secondlargest country in the world after Russia and strategically located between Russia and the United States via the north polar route.  Canada also has more fresh water than any other country in the world and is home to over 2 million lakes. Canada is located in Northern North America and borders the North Atlantic Ocean, North Pacific Ocean and the Arctic Ocean. It is divided up into ten provinces and two territories, from the Rocky Mountains which taking up a large part of western Canada to Ontario the home of Ottawa, the country's capital, and Quebec -  both of which are huge industrial areas with large populations. Around 90% of the Canadian population lives within 160km of the US border.

Government

Canada's government is a constitutional monarchy that is also a parliamentary democracy and federation. Canada's parliament consists of an elected house of commons and an appointed Senate. The criminal law system which is based very much on the British law system is under federal jurisdiction and justice is managed by the federal, provincial, and municipal courts. 

Language

Canada has two official languages, English - spoken by around 59% of the population and French spoken by 23%. 18% of the country speak other languages.

Standard of Living

Canada is one of the richest countries in the world and has one of the world's highest standard of living.  Attracting those who are looking for a peaceful life with many outside pursuits, Canada is becoming a popular destination for relocation.

Country Economy

Canada has an advanced market orientated society which closely resembles that of the USA. Previously considered a largely rural economy, Since the second world war Canada has transformed itself based on manufacturing, mining and the service sector. Canada is the US's largest supplier of energy and has a highly skilled labour force and an abundance of natural resources such as forests, minerals, oil, uranium, gas, fish and hydroelectric power. The huge oil sands in Alberta have boosted Canada's oil industry and now it has the third largest oil reserves in the world behind Saudi Arabia and Venezuela.

Key Industries

Motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment, chemicals, plastics, fertilizers, wood pulp, timber, crude petroleum, natural gas, electricity, aluminium, wheat, barley, fish.

 

Hotspots

Alberta

The province of Alberta has large oil reserves and is the strongest economy in Canada. As a result, it has been pulling in vast numbers of migrant workers.  Towns such as Calgary, Edmonton and Fort McMurray are interesting potential investment hubs providing buy-to-let homes for workers employed on the gigantic oil sand deposits nearby. 

Toronto

The revitalisation of this important industrial and commercial hub has increased interest in Toronto. With increasing migration from rural to urban centres across the country, the city is somewhere investors should consider. There is now a tendency for Toronto buyers to move out of the city centre towards pleasant suburbs as issues of affordability rise. 

Quebec Province

Certain areas of Quebec have become hot spots over recent years namely Montreal.

The Laurentian Mountains are around an hour-and-a-half from Montreal and are becoming popular for weekend homes. Mont Tremblant is a ski resort that has drawn a huge amount of investment recently and is a popular haunt celebrities.  

Vancouver

The city of Vancouver has long been popular for having a vibrant culture, fast-paced business environment and beautiful surroundings. As a result it also has some of the costliest real estate in Canada.  Vancouver has been voted the joint third best city in the world to live in. 

 

 

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