A special report compiled by the Canadian Real Estate Wealth Magazine has revealed the Top 100 Neighbourhoods for investment in Canada – a list of the top micro markets set to lead the country in growth.
The Top 100 list includes both major cities and small towns neighbourhoods including downtown St. John’s, Nfld., and Bedford, Halifax, to Kitimat, B.C., and Cold Lake, AB.
“As this report clearly shows, investment opportunities abound across Canada, both in bigger cities and smaller towns,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “No longer are the big cities dominating the real estate investment landscape.”
In addition to finding the right location for a real estate investment, finding the right financing is also essential to ensuring a good return on investment as it has a direct effect on profits.
“Investing is complex and risky. Generalized statistics can misinform the novice. That is why it is important for investors to use professional mortgage brokers and realtors,” says John Kelly, COO of VERICO Canada, a national network of over 2400 mortgage brokers.
“This is particularly true in towns with a smaller and less diverse economy, employment base, and rental market. A mortgage specialist with access to both national and local lenders as well as traditional and private financing sources is essential to make the investment perform," Kelly adds.
Real estate investors should seek professional advice from RE/MAX REALTORS® and VERICO Mortgage Brokers as real estate markets are often dependent on local conditions.
Extensive industry analysis and statistics were used in this report including population, average home price,
capital growth and vacancy rate.
The results will be featured in the Canadian Real Estate Wealth Magazine which will be on newsstands across Canada on September 30.