Canada Property: Established but Emerging Market
Overseas Property News - Canada
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Canada was recently named as the most affordable English speaking country in which to buy a property. Liam Bailey of DSR gave us his take on the potential of the Canadian property market:
"I would call Canada, the only established market in the world, where the property market is only semi-emerged; meaning there is room for emerging market level growth on carefully chosen Canadian property. Our Rouge River developments are an excellent example of this: We have one acre land plots for 28,000, in an area where 50-100,000 is more typical for land plots of such a size. You can get a 3 bedroom chalet on the same development for 150k, again, other developments in the area, including one only a short way away are selling similar properties for 500k etc.
"Even on the developments with much higher prices, properties are being snapped up because of the excellent location. Being almost smack bang centre between Montreal and Mt Tremblant, means you can attract rentals from tourists and visitors being drawn in by both places. Property at prices like that in such a fantastic location gives me the ability to make almost a guarantee instead of a prediction: Rouge River properties will not grow by less than 20% per year for the foreseeable future, and could grow by a whole lot more. The low starting price means you can rent your property for cheaper than Montreal and Mt Tremblant accommodation, and still make an impressive 10%+ yield."
DSR's 2 conjoined Rouge River developments stand above the others in that 100 miles of the Rouge River runs straight through the developments, a 100mile bicycle trail runs along its bank, the latter becoming a cross-country ski trail in winter. From skiing to pick-nicking, cycling to kayaking, not to mention just enjoying the beauty of nature, or taking a short drive to Montreal, or Mt Tremblant, -- the latter to go Alpine skiing when you get bored of cross country -- the Rouge River developments truly have something for everyone.
DSR's two developments are joined together, but all properties on one of them, The Land of Paradise development are frontline, and on the banks of the Rouge River. Whereas, the Rouge River development, starts behind the Land of Paradise development, and plots start at a few meters back from the river.
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