Where to invest in real estate now according to Canadian Business magazine
Property prices are still increasing across the country with no sign of a bubble, but investors might want to try Edmonton first
TORONTO, April 2 (Canada Newswire) - If you need proof that the real estate market is hot, consider the fact that the average home in Vancouver now tops more than half a million dollars. And housing prices across the country have soared 46% during the past five years. Yet there’s little to suggest our real estate is overpriced.
While there are certainly bad buys in good markets, and good buys in softer markets, Canadian Business magazine has rated the general prospects in nine major cities to get Canadian investors’ homework started.
HOT: Edmonton
With a one-year average price increase of 10%, the oil city is Canada’s only major market that has a trifecta of strong demand, tight supply and affordability. And it’s not only because of the oil and gas boom.
WARM: Calgary, Kitchener-Waterloo, Ont., Toronto
LUKEWARM: Vancouver, Saskatoon, Winnipeg, Montreal, Halifax
Founded in 1928, Canadian Business is the longest-serving, bestselling and most trusted business publication in Canada. Canadian Business stands alone as the business magazine in Canada with 100% paid circulation. With a readership of more that one million, the magazine is published every second Monday, except in July and August, when monthly issues are published. Special annual issues of Canadian Business include the Investor 500, the MBA Guide, the Rich 100 and the Best and Worst Boards.
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