When investing in real estate, sometimes it’s necessary to look beyond your own backyard. The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it says are the top 10 Canadian cities in which to invest. Few are major cities and some are surprising. Don Campbell, president of REIN, as well as one of the researchers on the study, says the results are based on factors such as planned transportation improvements, or if the area’s average income, population growth and job growth are increasing faster than the provincial average.
Oddly enough, nothing east of Ontario shows up on the list, and while Mr. Campbell says cities like Halifax, Saint John and Moncton “still provide decent returns,” the top cities are ones that will outperform the national average between 2010 and 2015.
1)Calgary
2)Kitchener-Waterloo-Cambridge, Ont
3)Edmonton
4)Surrey, B.C.
5)Maple Ridge & Pitt Meadows, B.C.
6)Hamilton, Ont.
7)St. Albert, Alta.
8)Barrie & Orillia, Ont.
9)Red Deer, Alta.
10)Winnipeg
Oddly enough, nothing east of Ontario shows up on the list, and while Mr. Campbell says cities like Halifax, Saint John and Moncton “still provide decent returns,” the top cities are ones that will outperform the national average between 2010 and 2015.
1)Calgary
2)Kitchener-Waterloo-Cambridge, Ont
3)Edmonton
4)Surrey, B.C.
5)Maple Ridge & Pitt Meadows, B.C.
6)Hamilton, Ont.
7)St. Albert, Alta.
8)Barrie & Orillia, Ont.
9)Red Deer, Alta.
10)Winnipeg
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