The Real Estate Scene in British Columbia, Canada
Real Estate Investing involves buying, selling, managing and renting real estate for financial gain. Many rich Canadians are investing in real estate in Canada to maximize their capital gains and for financial security.
To invest in canada, especially in British Columbia, you need to do some extensive research to know the current and the future opportunities for real estate investment. As a prospective investor, you should analyze the British Columbia Real Estate market closely to see which cities have the potential for growth in the coming decade.
The British Columbia property market, though reviving from a bit of a low period, is currently booming and it is the right time to invest in positive cash-flow properties here. Customer confidence is on the rise and the mortgage interest rates are quite low. This has created a positive environment for investors and perked up residential property sales this year.
The city of Vancouver has attracted the most interest of the British Columbia land and buildings market. Not only real property investors but also home buyers, young and old alike are rushing in for their dream investment. There is certainly no shortage of opportunities in the present real estate market condition. Currently, it is expected that the price of residential property in the British Columbia area could rise by 8% and more than double of that in Vancouver. In Downtown Vancouver, the prices of condos will be pushed from CAD $500 per square feet to about $1000 per square feet, making the city the seventh most expensive place in the world to stay in. The city of Victoria is also experiencing record sales in this quarter.
Surrey is another city growing fast in terms of the British Columbia landed property market. With major infrastructure and transportation projects coming up, the city will experience explosive population increase and this is definitely a good indication for property growth. The other towns in the British Columbia region which have a lot of potential in the landed property investment scene are Abbotsford, Kamloops, Kelowna, Dawson Creek, Oliver, Fraser Valley, Maple Ridge and Pitt Meadows.
However, it is to be remembered that the free hold market is not an organised one; hence, the investor is expected to put in a lot of personal effort and time. The investor has to first locate the properties in which to invest, and then investigate and properly verify the status of the property, prior to purchase. He has to bargain hard and negotiate a sales price with the seller and finally, draw up a sales contract with the assistance of a land holdings attorney.
Real Estate Investing Forums can be a good way to get your land holdings queries answered and stay abreast of current market trends in Real Estate, Canada, like the right place to invest in, the correct prices to expect and most importantly, the right time to sell. Whether you are a new investor or a seasoned one, participating in real property investing forums offers opportunities to connect with like minded people from all around the world and freely share strategies and experiences.