TAGS: #canada
Canada is also a member of G8 and OECD. Even though the Canadian market is a mixture, still it crosses the European market on the Heritage Foundation economic index. The real estate in Canada has been on high for a long time, as the number of immigrants in Canada has been increasing every year. Since the so-called per capita income and economic boom for Canada has been consistent, the immigrants made their way into this country as permanent residents. If you are in particular looking for Canada rentals or other property in the country, the best way would be to look up for Canada real estate listings on some reliable site offering information about international for sale or international for exchange.
The international real estate market for Canada expanded due to the population growth, which is artificial as it solely increased due to immigrants. The of Canada market has seen a positive response due to the highest per-capita immigration rate. Thanks to the family reunification in Canada, it is aiming to welcome another 240,000 to 265,000 permanent residents in 2010. This has led to the safest and secure international real estate listings.
Due to the recent economic downfall, the real estate in Canada suffered in the same way as did the other countries. But with the second half of 2009, it started a positive trend. It continued to remain steadfast in the first quarter of 2010. As the market in Canada depends highly on the number of immigrants, the international rentals suffered in Canada in 2009 when the immigrants reduced to 269,000. But for the next two years, the predication has been made that the migration will increase as the economic and employment scenarios have shown a positive trend in Canada. The number of immigrants will increase to 283,375 in 2010 and 298,352 in year 2011. This will increase the demand of residence and accommodation which will ultimately lead to a boom in Canadian market. Here is a glance into the trends:
1. The employment conditions are an important drive in the trend of Canadian market. This sector is going to be on rise for 2010 and 2011 which will increase the Canadian for sale trend.
2. Due to increasing number of jobs and employment improvement, the net immigrants for 2010 and 2011 is likely to increase which will definitely increase the international exposure for Canadian market. The number of permanent residents will increase thus promising a better and comparative platform for purchasing properties.
3. In 2009, the shift in the Canadian market was more towards the selling trend rather than buying. But in years 2010 and 2011, the trend will become balanced due to moderating sales and increasing inventory levels.
These trends give a very optimistic future of the Canadian market at the domestic level and international real estate markets as well.