New buildings in Canada
Location and climate
Canada is a country in North America, bordered by the Pacific, Atlantic, Arctic oceans, and bordered by the United States of America. According to some experts, Canada has more lakes than any other country in the world, it has a colossal supply of fresh water. The territory is mostly plains, in the western part there are mountains with popular ski resorts.
The climate differs significantly depending on the region of the country. In the northern part - polar climate, in the west - temperate climate (Arctic air does not pass through the Rocky Mountains), on the coast - sea climate. It rains in winter due to the strong influence of the Pacific Ocean. For the most part, the climate is continental (winters are cold, in the southern part the summers are warmer and longer, in the northern - short and cool).
For the information of the investors: economy, culture, education in Canada
Currently, Canada remains one of the most developed countries. The economy is gaining momentum, which is a strong indication of the expected growth. The standard of living is close to that of the United States. This is due to many factors, but the main one is a huge amount of natural resources: there are oil deposits, gold, uranium, zinc, copper, and aluminum are being mined. The industry is characterized by a high technological level and innovative developments. Canada is energetically independent, in terms of electricity per capita it ranks second in the world after Norway (a large number of hydroelectric power plants have been built thanks to a kind of changing relief with rivers and lakes). The country is the world leader in the creation of airliners and subway trains. Agriculture has received the greatest development only in the southern regions of the country for climatic reasons. In the northern part, fishing, hunting, and reindeer husbandry play a significant role. In the central regions, vegetables, fruits, berries, wheat are being grown (exported). Animal husbandry, focused on the production of dairy products, as well as poultry farming is also of great importance. The developed industries are international trade, healthcare, business services, and tourism.
There are about 100 public and private universities in Canada that offer programs in business administration, engineering, computer technology, biotechnology, nanotechnology, pharmaceuticals, nuclear physics, aircraft and rocket science. In general, the quality of education in Canada is higher than in many European universities.
Canada is a multicultural society, however, national identity is gaining in importance. The work of the Canadian landscape painters is interesting; Robertson Davis - a Canadian novelist that enjoys worldwide popularity, Pierre Burton is famous too (he is the author of books on Canadian history), the Shakespeare Festival in Stratford attracts a large number of theater lovers, the circus du Soleil in Montreal delights with its virtuosity, the Montreal Symphony Orchestra has worldwide fame too.
Buying an apartment in Canada in a new building becomes even more attractive
The stable economic situation in Canada disposes, first of all, to the purchase of real estate (not to the renting of the housing, as it is the preference of the people in most European countries). Although the prices for new buildings in Canada from the developers are growing, they still compare favorably with Moscow, New York, London. The purchase of real estate in Canada can be a profitable investment for subsequent lease, since the average income of potential tenants here significantly exceeds the costs; the state provides incentives and reduced interest rates on loans. Selling apartments from developers according to the procedure is as simple as possible. The quality of the housing being built meets the country's building standards, which is confirmed by customer reviews.
Many analysts point out, however, that the supply of housing for purchase in the new buildings has not kept pace with population growth, mainly due to the increase in the number of migrants and students.
The country is experiencing the problem of a chronic shortage of rent (the vacancy rate is only 2-4 percent). This is the so-called “missing middle” problem. New build Canadian real estate is represented by either large, expensive detached houses or tiny apartments in high-density complexes.
Residential complexes in Canada do not offer the full range of interesting options for middle-income families. The government promises to deal with this problem. Liberal leader Justin Trudeau released a statement in which he promised to build or renovate nearly one and a half million homes in four years. Other parties also made similar promises. All political forces and the public in the country agree that the construction of the residential complexes in accordance with all existing needs is becoming a new challenge and an important national project. This is good news for investors looking to buy an apartment from a developer in Canada.
Currently, the lowest cost per square meter of space in a turnkey condition in a new building of Ottawa (according to information from the GEOLN.COM search engine) is 1,530 USD.
Acquisition of an apartment in Canada from a developer by foreigners
Buying a home in a new building is carried out by foreign buyers without any restrictions. An exception is made by the state-defined recreational areas.
Purchasing an apartment in a new building in Canada offers:
- promising investment in the richest tolerant country with a large number of migrants and students to receive passive rental income from,
- purchase for high quality life.
Off-plan property and other buildings in cities in Canada
Bradford West Gwillimbury