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Location is simply everything, in the real estate. Just like other main features, it plays a key role in determining the worth of both a residential as well as commercial property. While some major cities are rebuilding after overwhelming natural challenges, those areas have today also become the most popular areas to buy a property in Canada. Here are some places worth investing in Canada in terms of real estate.
For the last 5 years, in this Northern Ontario city of Canada, real estate prices have appreciated with a great pace. In fact, a high rate of families shifted to Thunder Bay in a short span, as it stands pretty much at no. 1 and is a place everybody loves living in. For real estate investors looking for an income property, this is certainly the best place to invest in. A rough idea of the real estate reports show around 8% rise in the property values within five years, which is even faster than Vancouver.
The place is not only fit to buy real estate because of its property value, but it also offers almost all the best amenities needed for a great living. To elaborate the place has highly paid secure jobs, the average rent for investors is relatively high as compared to other places, proximity to the educational institutions also enhance the rental property rates. This is again a great way to boost up your income from the real estate in Thunder Bay. So as on date Thunder Bay is among the healthiest property market in the country.
Calgary is another good place to invest in realty in Canada. This particular region had a rise of around 4.6% price value in the last five years. Whether you are planning to buy a second home to rent out, a small apartment, a duplex, a small building or even a condo, Calgary is a place for generating that regular real estate income. In close to 5 years, the rental income percentage has appreciated by 22%, which is undoubtedly, a great value. To be more emphatic, the rental income invariably surpasses the monthly mortgage.
Though, a lot of top tourist destinations are within an easy distance from this city, but Moncton has its own beauty, thrill and an impeccable residential feel. The culinary delights at Moncton’s world wine & Food Expo are not at all worth missing. The city is only a drive away from ideal beaches and splendid natural wonders. The pristine beauty of the place is what pulls people to invest in and reside here. The place remains at no distance in terms of making money from your investments. During past years, the property value has increased exponentially and is still pacing up.This is certainly the place to look for in the coming years.
Among popular neighborhoods, Vancouver is also a place which offers a good chance for future appreciation. A detached home is sold for around $ 2.25 here. And, the surprising fact is that, houses are still cheaper by 14% after this cost. This place is certainly a great part of Canada, which makes it a sought after city.
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https://www.vancouver1.ca/wp-content/uploads/2016/10/big-logo.jpg00vancouver-1https://www.vancouver1.ca/wp-content/uploads/2016/10/big-logo.jpgvancouver-12016-11-23 17:46:522016-12-05 12:12:26Best Places to Buy Real Estate in Canada