There once was a time where the world did not think much of Canada. It was the backwater of North America, an easy piece of landmass which was known best as the 51st state. Times have changed, and Canada has moved from being on the periphery to taking centre stage.
The events of the past year has seen the development of Canada as an important economic actor on the planet stage. Canada has emerged from the crash of 2008 and following recession unscathed: the state experienced no subprime mortgage crisis, nor do we have a sovereign debt crisis such as the European Union. Canada has already exited the post-recession recovery stage and entered a period of growth. Canadian banks are in sound condition, and are being regulated by sound monetary policy by the Minister of Finance and Governor of the Bank of Canada.
In case you are intending to invest in real estate in British Columbia, Canada, among the challenges will be to choose a strategy that will bring the highest returns. In the current market, you can no longer count on quick price increases and flipping. Now that real estate costs are stabilizing, one must think about long term strategy for their investment. The simplest and most popular one is to rent unfurnished property for a long term. However, more and more landlords are recognizing they can get higher returns in short-term furnished rentals marketplace, especially by converting their investment property into a corporate housing component. Corporate housing units are rented to businesses which send their employees for short term projects or relocate them on temporary basis. Since the organization accounts for the rental payment along with the unit, property owner could be certain that the unit will be in good condition and always paid for.
In the city of Vancouver there’s an enormous demand for corporate housing because of the essence of the economy. Vancouver is home to a lot of large corporations in a variety of sectors which often bring in workers from other parts of the country or across the entire world on a temporary basis. Examples of this are available in the film, technology, program, and transportation businesses. Find out more information about Eddie Yan on this page. Film companies will frequently collect a cast and crew for a production that continues a couple of months; technology firms for example Telus will bring in staff to Vancouver for training courses that last a number of months; applications companies such as EA Games will import ability out of their other offices for the creation cycle of a video game. Regardless of which particular industry it’s in Vancouver, there is going to be a perpetual demand for furnished property leases.
If you’re thinking about investing in Canadian real estate, an investment in Vancouver flats and condominiums is a sensible one. If a landlord takes the time and spends the cash to tastefully furnish the property, its possible to generate an impressive return on investment which will perform always.