Where Should You Buy Property in Canada for Investment Growth?

Because Canada is such a vast and diverse nation with an incredible array of real estate related opportunity, where should you buy property in Canada for investment growth?  Would it be wise to look at the mining communities on which Canada’s commodity rich economy is underpinned?  Does it make sense to bank on the nation’s strong business environment and purchase commercial stock in central business districts for example?  Or should you just buy vacation type property and rent it out for an income instead?

Well, according to recent reports current investor thinking is actually centred on Ontario and Toronto in particular with focus spanning the wider area around the city - and in this article we look at which specific Ontario regions are returning investment growth in Canada’s real estate sector and why.

One of the areas in Ontario of recent and current continuing interest among real estate investors is the town of Timmins – previously famous for being the hometown of Shania Twain and currently famous for returning just shy of 30% property price gains in the year to date.  So if you’re wondering where should you buy property in Canada for investment growth perhaps you should be looking at Timmins now too?

The town is home to an ever expanding retail sector and has just welcomed new call centre operations and greater levels of employment as a result – in turn this translates to greater affluence and demand not only from local citizens but from those coming in to the area for employment purposes.  But with record price gains in just one year could it be that the market has now boomed already and that there is nothing more than average performance to be derived from Timmins real estate?

We don’t think so.
Why? 
Because Timmins is expected to become a strong mining community in a relatively short period of time, that’s why. 

Currently prospecting is underway and it is proving prosperous – so as and when mining activity gets going, Timmins could become even more in demand, even more affluent and an even better bet for property investors.

Media interest is already focusing on the town and what’s more, property prices are still very low compared to both the national and the Ontario average.  But if Timmins is too far out or not exciting enough for you, you could look at buying property in Toronto itself – it may be the most expensive city in Canada already and be averaging out at about 4% annual gains but it remains hotly in demand with the most recent statistics on activity in the housing market from the Toronto Real Estate Board the highest ever in its recorded history.