Three-part series on best Canadian cities to invest in
As property investment tends to represent the largest asset or largest source of debt for most Canadians, it stands to reason collecting as much information as possible prior to proceeding with the purchase is paramount. A number of considerations need to be factored in.
Some of Canada’s top real estate experts analyze communities across the country every year and then rank them according to how they do against their comprehensive list of criteria.
The list they end up compiling analyzes everything from desirability of neighborhoods under consideration to population growth and unemployment rates within the area. In 2018, Canadian experts researched over 2,200 neighborhoods across the country to come up with a top list of urban centres that stretch from coast to coast.
In this special three-part series, readers will learn about the criteria considered when determining the list of best communities to invest in, the top 10 municipality results.
Annual analysis of Canadian urban centres
As expected, a country-wide annual analysis of best places for property investment starts with monetary value. Looking at relative value or rather, why one neighborhood might be more affordable than its nearby areas and then comparing the average price in each neighborhood against prices in the surrounding area, is how the report factors this in.
Once relative value is established, report analysts consider how the neighborhoods’ values factor into the city’s overall economic wellbeing. The urban centres that ranked the highest investment-wise had; strong economies with solid rental markets, low unemployment rates, steady population growth and consistent property price appreciation over a period of one, three and five years.
Make sure to check out part two of this series next month that will profile the first half of Canada’s top 10 municipalities to invest in.
7 Canadian travel experiences to try this summer
(NC) Looking to stay more local for your next getaway? Whether you’re an outdoor explorer or big-city cultural maven, there are plenty of exciting destinations across the country to choose from.
With input from Robin Esrock, an internationally recognized bucket list expert, the InterContinental Hotels Group’s Great Canadian Bucket List offers 25 experiences to inspire exploring our national backyard. Here are a few coast-to-coast highlights that made the list:
Find more information online at IHG.com
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