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No matter where you go, Realtors in Canada agree on three things: property in Canada is beautiful, abundant and best of all, incredibly affordable when compared to other parts of the world. Compare property values in places like England, Ireland, Germany and the U.S.A. (especially California, Florida, Arizona, Nevada, Texas, Oklahoma, and the entire East Coast) and buyers of Canadian property always get more for their dollar than they would at home.
The simple fact is that property is less expensive in Canada and it's obvious that out of country buyers are in an enviable buying position: especially when you consider the tax benefits. The other thing that makes property purchase in Canada is the continuous upward growth of the population and the demand for land. Currently Canada’s population is about 34 million people and they live on 38 million square miles of land.
Perhaps, the best thing of all, is it is very common for American citizens to buy land in Canada. Right now over 4.2 million Americans own land in Canada - and the number is growing steadily.
Buying Property In Canada - The Rules And Regulations:
The bottom line is that buying property in Canada is very easy. From a bureaucratic standpoint, buying land is probably easier than it would be in the USA, the UK, or practically anywhere else worldwide. It takes much less time to complete the sale on a property as there is no escrow period on purchases. From a residency point of view, if you plan to stay in Canada for 6 months or less each year, the government considers you a tourist or non-resident. That means you can do just about anything open a bank account, get a driver's license, buy a car, buy land, etc..
American's who purchase property can come to Canada for a total of 6 months. These visits can be cumulative - 2 weeks here, 4 weeks there etc. You do not have to come for a consecutive 6 month period. This means that you can own a second home in Canada and visit it as you wish without any risk whatsoever. Your property is protected as are your rights and freedoms, just as they are in the USA. If you plan to live in Canada for more than 6 months annually, you have to apply for immigrant status and there is no better way to show immigration of your commitment to Canada, than to buy land here.
Now, let's talk about the investment. Land in Canada is an excellent investment. Currently with an exchange rate of 24% a USA resident can purchase a $20,000 Canadian property for $15,200. That's a $4800 gain just on the exchange. Furthermore, most land in this area of Canada has doubled in value in the past 12 years and that is exactly what we project to happen with this property we are offering. So, this is a great opportunity to invest in something that'll always be here. It won't depreciate or rust or wash away or burn up or get stolen. It'll be here forever, for your kids, your grand kids and their kids. Land is the safest investment you can make. After all, they’re not making any more of it and as the world’s population continues to grow so does the demand. The result is positive.
CANADA REAL ESTATE INVESTMENT SERVICES INC. 331 Elmwood Drive, Suite 4-156 Moncton, New Brunswick E1A 7Y1 Canada