Canadian Real Estate Wealth Magazine has released the Top 100 Neighbourhoods to invest in, with a third of those communities in investment-ripe Ontario.
Quebec and British Columbia aren’t far behind in overall numbers for the inaugural list, featured in the November issue of the magazine. It hits newsstands Monday.
Economic uncertainty has plagued the housing market over the past year, and has no doubt affected the purchasing confidence of homeowners and investors alike. To find areas that had the fundamentals to withstand a turbulent market and provide long-term cash flow to buyers, the magazine’s team of journalists combed the neighbourhoods of Canada.
Unlike other reports that give generalized overviews of many of Canada’s already bustling cities, the compilation delved deep into specifics to find hidden gems such as Saint-Jean-Sur-Richelieu, Que., and Swift Current, Sask. Each neighbourhood was evaluated on criteria such as population growth, average property price, rental yields, vacancy rate, capital growth over 12 months and more.
“This was more than a research project,” said CREW Editor Nila Sweeney. “Our hope is that the Top 100 will bolster Canadian confidence in the real estate market and portray the diversity of investment opportunities outside of our major cities, although they, too, are represented.”
Sponsored by Re/Max and Verico Financial services, the report features expert analysis and input from Realtors, brokers, local mayors, financial analysts and more.
The report will be presented live at the Investor Forum Vancouver where attendees will get an in-depth analysis into each of the Top B.C neighbourhoods that made the list this year.