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 Investors eye 'Atlantic Canada'
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Friday, June 13, 2008 |
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Property prices in ‘Atlantic Canada’ hotspots are on the rise as investor interest increases...
Canada was recently voted by the Human Development Index as the 6th best place to live in the world and is also credited with offering the best overall quality of life among the G8 countries, coupled with the lowest cost of living. However, it is Atlantic Canada which is now of particular interest to property investors.
After years spent supplying Western Canada’s resource boom with much needed labour, efforts by the provincial government have led to a steady stream of skilled workers returning home and this has directly contributed to growing buyer demand and sustained market activity. Nova Scotia is one of Atlantic Canada’s hotspots. Ideally positioned being just 1.5 hours from Boston and only 2 hours from New York, property prices are on the rise and interest is at an all time high.
Ailse MacFarlane Marketing Director of Landcorp International said: “To quote Mark Twain, Buy land, they’re not making it anymore”, and there is an abundance of land in Canada and it is the land deals that are getting investors interested once again. Given the current world property climate, land offers an attractive alternative to the traditional buy to let investor, especially with entry levels considerably lower than real estate purchases and potential profits tantalisingly higher.
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