Real Estate & Property Listings in Canada
Real Estate in Canada: Worth Buying and Why Canada is among the countries where the standard of living is high, and property prices are still relatively low. Therefore, Canada is considered one of the most attractive countries for real estate investment. Prices for houses, apartments and offices here are growing almost constantly, outstripping inflation. And this dynamics has been observed for the last 10-15 years.
Today the price of real estate in Canada is growing
Today the price of real estate in Canada is growing by an average of 11% per year. Thus, the purchase of an inexpensive apartment in the future will bring substantial profits upon its subsequent sale. However, do not forget that the difference in resale price will be subject to income tax. Real estate is traditionally considered one of the most reliable investment objects.
You can make a profit from renting the purchased property
The cost of renting a one-bedroom apartment in Toronto, for example, averages at least $ 1000 per month. Also, in Canada there is a very large influx of immigrants - about 300 thousand people arrive there annually for permanent residence. And all of them, one way or another, think about renting and then buying real estate in Canada.
It is also worth noting that not only residents, but also foreigners can own real estate in Canada. They can even get a mortgage loan, albeit on slightly less favorable terms than residents.