Monday, February 22, 2016

Canada’s Real Estate Market in 2016

It might be blooming in Canada’s oil and gas sector but the real estate market in Canada seems unaffected. According to Toronto Real Estate Board (TREB) prediction, the prices of house in Canada are expected to rise by 10% and this is one of the biggest factors that will be affecting the Canada’s real estate market in 2016 as well.

Canada’s Real Estate Market in 2016

TREB claims that the condition of real estate market in 2016 should be considered by many of the investors who are thinking about making an investment into Canada’s real estate market. Currently, the oil prices are at its low and many of the workers have been laid off as the Canadian oil and gas production companies are witnessing a downhill slide. But still the energy and real estate sector in Canada is in good shape. Though the real estate market in British Columbia is soaring following the rising prices in Vancouver. Even people living in Vancouver are moving out of the city following the rising real estate cost. Accordingly, it has become more affordable for new home buyers as the mortgage rates are increasing. As long as the real estate market is high, demand for rental homes across the country will also remain high. Those who own a house in Canada seems to welcome more of foreign investment as their property is valued high.

As a sigh of relief for the people, the federal government in Canada has increased the minimum insurable down payment required to mortgage a home over $500,000. Currently, we can see that even the wealthy people are also making investment in the real estate sector. A recent provincial budget included a property transfer tax exemption for new home buyers for the homes that are priced upto $750,000. Tax exemption will come as an advantage to certain provinces where the demand for housing is much low and also for the home builders.

Basically, the prediction for the Canadian real estate market in 2016 comes as boost for investors who are looking to make a real estate investment.

Facebook

Twitter

Popular Posts

Get Business.ca. Powered by Blogger.

About Me

My photo

Get Business acts as an intermediary between foreign investors willing toinvest in Canada and qualified Canadian companies seeking venture capitalists. We help individuals willing to invest, understand the Canadian marketplace by providing them with options for potential investments. Our proficient team of leading lawyers, accountants, immigration consultants (ICCRC Members) and affiliations with leading banks enables us to facilitate foreign investments in Canadian companies as well as to ensure the investors receive professional advice and proper guidance for the Canada Business visa program as per the Canada business visa requirements.

Visit our Business Sectors section to browse through selected and qualified established businesses across sectors that you can invest in. Our expertise lies in providing you with information about various businesses across categories and taking you through the entire Canada investor visa process step by step, in addition to ensuring smooth processing for your investment. Apart from these services, we also provide you with information relating to additional settlement needs such as finding a home, schools for your children or getting around; assuring your family’s acculturation process is smooth and comfortable.