Canada, big, beautiful and looking good with a great future for investors, both personal and business.
Of the G8 countries, Canada boasts not only some of the most attractive, desirable real estate, it can also still be purchased at a VERY reasonable dollar and in many areas, well within the reach of the small investor.
Cast across this vast country are a myriad of the world's last vestiges of clear, clean, freshwater lakes and rivers. Vacation and recreational homes can be found in every province with water-frontage selling for an average price of $380,000.00 in 2006. That figure has steadily risen in the past year.
With a strong, healthy economy and an abundance of in-demand commodities, forecasts into the next 2-3 years show Canada's real estate prices continuing to rise.
Waterfront cottages and vacation homes are showing the strongest and steadiest rise in price as buyers and investors from around the globe flock to Canadian shores in search of their own little piece of paradise.
With thousands of pristine, blue lakes dotting the landscape, Ontario is prime Canadian cottage country and waterfront properties are disappearing at break-neck speed.
Tightening of municipal reins on the severing of waterfront lots, has pumped up the demand for waterfront to a feverish pitch as buyers anxiously watch for a waterfront lot to build their dream cottage/vacation home on.
Added to the fever is the fact that we are becoming more and more a planet of citizens who work from home.
As people shift their offices from the downtown core to their primary place of residence, they are moving out of the city in droves and buying a waterfront home or a cottage that they can live in from spring til fall when they head south before winter hits.
Others are purchasing recreational homes and turning them into year-round residences complete with high-speed internet service via satellite.
The majority of my family members balance their time between their lakefront properties and their homes in the centre of a city or town and this has been a traditional lifestyle for a very large number of Canadians.
With prices rising as they are, and waterfront becoming scarcer, more investors than ever before, from around the globe, are seeking recreational property in Ontario.
In addition, it's a dream of many Ontario families to own a recreational property for summer use and many are now realizing that dream as they take on second jobs, or move into smaller primary residences in order to purchase their 'home-away-from-home'.
The eastern townships of Ontario still have many opportunities for recreational property ownership at a reasonable cost, well within the reach of the average family/investor in Ontario.
If you are an investor or someone who is considering purchasing your own waterfront utopia, the Royal Lepage Recrational Property Report for 2007 is an excellent place to start as you consider the locations that fall within your desires and means.
As a lifelong resident of Ontario, I have a great deal of knowledge when it comes to Ontario cottage country and welcome any inquiries you may have as you begin your search.
There are many legalities and issues to be aware of when purchasing a waterfront property and choosing a REALTOR® who is experienced and knowledgeable in the purchase and sale of waterfront homes and land, is paramount.
Staying abreast of the properties that become available as we head into spring, will grant you a better chance of making a wise investment choice when it comes to buying waterfront in Ontario. If you would like to kept aware of the waterfront properties that meet your desires and means as they become available, feel free to contact me.
I will arrange to have all new listings emailed, faxed or mailed to you as they appear on the market. This just may be the year that you find your own shangri la away from the hustle and bustle of the city or make a very wise investment choice that will bring great dividends in years to come.
©2008JoSmith
Jo-Anne Smith, the author of this article, is a REALTOR® with Royal Lepage Proalliance Realty, Brokerage, in Belleville, Ontario and welcomes your real estate inquiries. To contact her, visit www.QuinteRegionRealEstate.com |
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