Should you move your real estate investment to Canada?, Canadian property investing, Home advice
Should You Move Your Real Estate Investment To Canada?
23 June 2022
There are many reasons why you might want to consider moving your real estate investment to Canada. The country has a strong economy, a healthy housing market, and is home to some of the world’s most livable cities. Here are just a few of the reasons why you should seriously consider relocating your investment portfolio to Canada.
1. The Canadian economy is strong and growing
Thanks to a diversified economy, the country has been able to weather global economic storms better than many of its peers. While Canada’s oil and gas sector has been challenged by lower prices, other sectors such as manufacturing, technology, and tourism have been thriving. As a result, Canada’s economy is expected to continue growing in the years ahead. This is good news for Canadian businesses, workers, and real estate investors.
2. Canada is home to some of the world’s most livable cities
Home to some of the world’s most livable cities, there are plenty of opportunities for investment. Canada is filled with cities that rank high in categories such as safety, health care, education, and environment. With a high standard of living, access to quality public services, and healthy natural surroundings, the country’s major cities are ripe with investment opportunities.
Some of the top cities to get involved in real estate investment include:
• Calgary, Alberta
• Burnaby, British Columbia
• Kingston, Ontario
• Nanaimo, British Columbia
• Halifax, Nova Scotia
• St. Catherines, Ontario
3. The Canadian real estate market is thriving
The Canadian real estate market is currently thriving, making it an attractive option for investors. One reason for the current strength of the market is the low interest rates. This has made it easier for buyers to qualify for mortgages and has helped to drive up prices. You can see the impacet on market as well. House for sale listing in Durham Region rose by 15% from the last year for this reason. The scenario is almost same in most of the major cities.
Another factor is population growth. As more people move to Canada, there is greater demand for housing, which has led to an increase in values. The combination of these factors has created a strong real estate market that is expected to continue growing in the years ahead. This makes now an ideal time to invest in this booming market.
4. You can take advantage of tax breaks
Investing in Canadian real estate can provide you with some significant tax breaks. First and foremost, there is the capital gains exemption. This allows investors to exempt a portion of the profit from the sale of their investment property from taxation.
Furthermore, investors can deduct the cost of any major renovations or improvements to their property from their taxable income.
Additionally, if an investor holds onto their property for a period of at least one year, they may be eligible for the dividend tax credit. This can result in a significant reduction in the amount of taxes payable on rental income.
It’s clear that there are a multitude of ways for investors to reduce their tax liability when investing in Canadian real estate. However, it is important to consult with a qualified tax professional in order to ensure that you are taking advantage of all the available tax breaks.
5. You can take advantage of government programs
There are a number of reasons to invest in Canadian real estate. One of the most appealing factors is the variety of government programs that are available to encourage investment.
For instance, the Canadian government offers a number of tax incentives for real estate investors, including deductions for things like mortgage interest and property taxes. There are also a number of government-sponsored loan programs that can make it easier to finance an investment property.
6. You can get a higher return on your investment
Canadian real estate has traditionally been a stable investment, with modest returns. However, in recent years there has been an increase in demand for rental properties, as more people are choosing to rent instead of buy. This has resulted in higher prices and higher returns for investors, higher than the returns you would find in bonds or stocks.
If you’re looking for a long-term investment, real estate can be an excellent option, since property values typically increase over time.
7. You can hedge against inflation
One factor that may be especially important to your decision to invest is inflation. Inflation is the rate at which prices for goods and services increase over time, and it can have a major impact on your investment. When inflation is high, your money will not go as far, and you may see the value of your investment decline.
However, if you invest in real estate, you can hedge against inflation. As prices go up, the value of your property will also increase, giving you a return on your investment. And even if inflation does cause the value of your property to decline, you can still profit from selling it at a higher price than you paid. So if you’re worried about inflation, investing in Canadian real estate may be a good option for you.
Should you move your real estate investment to Canada Summary
If you’re thinking of investing in real estate, you may be wondering if it’s worth your while to purchase property in Canada. After all, the Canadian housing market has been notoriously volatile in recent years, and there’s no guarantee that prices will rebound anytime soon.
However, there are a number of reasons why investing in Canadian real estate can be a wise decision and we’ve covered just a few of those reasons why you might want to venture into the Canadian market. So if you’re looking for an investment that will provide you with stability and modest returns, Canadian real estate is definitely worth your consideration!
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