Real Estate Investing in Canada
If you are reading this, you are probably interested in Canadian real estate as an investment. Canada has plenty going for it, a stable government, safe environment, great education and clean air. A low Canadian currency also makes property more affordable for buyers from the United States, China, Middle East or Europe. Those factors give us the top reasons why investors want to buy a home in Canada. We’ll briefly discuss investing in Canada’s two largest cities.
Investing in Toronto Real Estate
Toronto is Canada’s most populated, most multicultural and top financial centre in the country. This attracts buyers interested in a city with a strong job market with many opportunities and high quality educational institutions for their children. A strong economy, with a well-educated workforce, have also made Toronto one of North America’s most attractive industry destinations; with Amazon selecting Toronto as the only Canadian city on their HQ2 short list (Amazon’s second headquarter location in North America). World-class universities such as: University of Toronto, York University, and Ryerson University; help make Toronto a top destination for families and students coming from around the world. Education is very important and a major reason the Canadian housing market is a great investment.
A couple of noteworthy new pre-construction projects are: YSL Residences and King Toronto condos
Investing in Montreal Real Estate
If you prefer a more European cultural flavour then Montreal (Canada’s second largest city, and second largest French-speaking city in the world after Paris) might be your choice. Investors will immediately notice that Montreal is significantly more affordable than Toronto, and is also the largest metropolitan area in Canada without a foreign buyer tax. The Greater Montréal region is also known for having the highest number of university students per capita among all metropolitan areas in North America (this includes the United States). There are four world-class universities in Montreal: McGill University, Concordia University, University of Montreal and UQAM.
Canadian Permanent Residency
Compared to the U.S., Canada’s top schools have top-tier education rankings, and are also less expensive. The application process is also simpler and there is a great opportunity to obtain Canadian Permanent Residency after graduation (can also take advantage of loans and bursaries from the Canadian government when you are a Permanent Resident); an extra benefit for investors from other parts of the world…Another reason to buy property in Canada.
Renting your Property
If you are an investor and need help to renting your property while you are outside of Canada, or your children are back home from studying then we can help. We have many years of experience renting properties in Montreal and Toronto, and will be able help you rent and maximize the return on investment for your property. Good luck!
