Real-estate investment is a popular and lucrative form of investment in Canada. Investors looking to go into the Canadian real-estate market have a variety of options, including direct investment in properties, real-estate investment trusts (REITs), and investing in publicly traded real estate companies. In the article, we will explore some of the very best Canadian real estate companies and what they have to offer.
There once was a time where the world did not think much of Canada. It was the backwater of North America, a simple piece of landmass that was known best as the 51st state. Times have changed, and Canada has moved from being on the periphery to taking centre stage.
The events of the last year has seen the emergence of Canada as being an important economic actor on the world stage. Canada has emerged from the crash of 2008 and subsequent recession unscathed: the country experienced no subprime mortgage crisis, nor do we have a sovereign debt crisis like the European Union. Canada has already exited the post-recession recovery stage and entered a period of growth. Canadian banks are within sound shape, and also are being regulated by sound monetary policy by the Minister of Finance and Governor of the Bank of Canada.
In the event you are preparing to invest in real-estate in British Columbia, Canada, among the challenges is to decide on a strategy that would bring the highest returns. Within the current market, you may no longer count on quick price increases and flipping. Now that real-estate costs are stabilizing, one must think of long term strategy for their investment. The simplest and most popular one is to rent unfurnished property for a long-term. On the flip side, a growing number of landlords are realizing that they can get higher returns in short-term furnished rentals market, particularly by converting their investment property into a corporate housing unit. Corporate housing units are rented to companies which send their employees for short-run projects or relocate them on short-term basis. Considering that the company is responsible for the rental payment and the unit, property owner can be certain that the unit will be in good condition and always compensated to.
Living in Windsor the city of Vancouver there is definitely an enormous requirement for corporate housing because of the nature of the economy. Vancouver is home to many large corporations in a variety of sectors which often bring in employees from other parts of the country or around the globe on a temporary basis. Examples of this can be found in the film, technology, software, and shipping industries. Film companies will often assemble a cast and crew for a production that lasts a couple of months; technology companies for example Telus will bring in staff to Vancouver for courses that last a number of months; software companies such as EA Games will import talent from their other offices for the production cycle of a game. Regardless of which specific industry it is in Vancouver, there will be a perpetual demand for furnished property rentals.
Canadian Real Estate News At A Glance
