The Pros And Cons Of Canada Real Estate News
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Real-estate investment is a popular and lucrative form of investment in Canada. Investors looking to enter the Canadian real-estate market have an assortment of options, including direct investment in properties, real estate investment trusts (REITs), and investing in publicly traded real-estate companies. In this article, we will explore some of the top Canadian real estate companies and what they must offer.
There once was a time where the world did not think much of Canada. It was the backwater of North America, a simple piece of landmass that was known best as the 51st state. Times have changed, and Canada has moved from being on the periphery to taking centre stage.
The events of the last year has seen the emergence of Canada being an important economic actor on the world stage. Canada has emerged from the crash of 2008 and subsequent recession unscathed: the country experienced no subprime mortgage crisis, nor do we have a sovereign debt crisis like the European Union. Canada has already exited the post-recession recovery stage and entered a period of growth. Canadian banks are within sound shape, and also are being regulated by sound monetary policy through the Minister of Finance and Governor of the Bank of Canada.
In the event you are preparing to invest in real-estate Living in Windsor British Columbia, Canada, one of the challenges is to determine on a strategy that will bring the highest returns. Within the current market, you can no longer count on quick price increases and flipping. Now that real-estate prices are stabilizing, you have to think about long-term strategy for their investment. The easiest and most popular one is to rent unfurnished property for a long-term. However, increasingly more landlords are realizing that also they can get higher returns in short-term furnished rentals market, particularly by converting their investment property into a corporate housing unit. Corporate housing units are rented to companies which send their employees for short term projects or relocate them on short-term basis. Since the company is responsible for the rental payment and the unit, property owner may be certain that the unit will be in good condition and always compensated to.
Within the city of Vancouver there is definitely an enormous requirement for corporate housing as a result of the nature of the economy. Vancouver is home to many large corporations in many different sectors which often bring in employees from other parts of the country or across the globe on a short-term basis. Examples of this can be found in the film, technology, software, and shipping industries. Film companies will often assemble a cast and crew for a production that lasts a couple of months; technology companies such as Telus will bring in staff to Vancouver for training courses that last a range of months; software companies for example EA Games will import talent from their other offices for the production cycle of a computer game. Regardless of which specific industry it's in Vancouver, there will be a perpetual demand for furnished property rentals.
