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
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