The Mortgage Explorer Blog

The Canadian Property Market Has Been Boosted In Anticipation Of The Winter Olympic In 2010.

Canada has a mature and well regulated property market which has flourished for many years. Despite the global recession which has affected many major countries the Canadian property market has remained healthy. In most developed economies home prices are going backwards, whereas prices remain healthy in Canada. The Western provinces of Alberta and British Columbia have proven to be popular with foreign investors, whilst major cities of Montreal and Toronto also remain attractive for property investment.

Canada’s vast natural resources play a major part in sustaining its current and future economic growth and provide confidence for non residents to invest.

Due the cautious approach to lending that Canada has adopted over the years, it now offers a stable financial climate. For those seeking finance mortgage lenders provide loans up to 70% of the property value to non residents.

There is a huge variety of properties in Canada, from apartments to large detached properties with large plots. City properties tend to be apartments, for which demand outstrips supply in many large Canadian cities. Montreal, for example with its university at the heart of the city, provides a high demand for rental properties. This can only benefit investors

Investors who look to Spain for a lifestyle choice or as an investment will be met with considerable reductions on an already below market value properties.

Whatever the economic condition in Spain, the fact remains that tourists and investors will always be attracted to the country for the same reasons. The year- round sunshine, easy going lifestyle, and the comparatively lower cost of living are strong factors which will continue to attract foreign investors.

The Spanish property market may well still have some way to fall, but recovery from 2011 onwards looks likely. Measures to stimulate the economy are being taken through a package to create thousands of jobs, package for mortgage relief, tax cuts and credit lines for new business.

Foreigners have the right to buy and re-sell all kinds of property (residential, commercial or land) with no legal limitations whilst European Union nationals have the right to live permanently in Spain.

Residents who reinvest all of the proceeds of sale to purchase another principal residence can get capital gains tax relief, provided they have lived in the property for 3 or more years.

Spain has been at the forefront of the overseas property market for a long time, so has very strong foundations. It has a lot to offer, and investors can still buy in confidence, as long as they buy sensibly and treat their property as an investment over a long term.