Canadian real estate sector has been enjoying a prosperous ride for quite some time now when the housing market of major economies like USA and Europe experienced some severe blows in the recent past. Experts have nothing but good news for real estate investors who are looking forward to invest in real estate in 2013 as well. Because of Canada's vast geography, the Canadian real estate market is extended over a larger area which is why there is not one but many small and big housing market zones within the country.
Because of this diversity there are some differences of the real estate markets on a provincial basis and while in some zones real estate is earning well some are lacking behind a little. However the overall performance of the real estate in Canada remains unaffected even after the diversity and Canadian housing market continues to grow and expand each year. Now if you are a first time investor or interested in making new investments in a successful manner you must avoid certain low performing zones and invest in areas that can provide you high yield. Given below are some specific high performing zones and geographical sectors where you can invest in 2013 and make your real estate investment a successful endeavor.
Barrie, Ontario: The City of Barrie is located in Southern Ontario in the western shore of Lake Simcoe. Lying within the northern part of the Greater Golden Horseshoe, Barrie is a densely populated and the most industrialized zone of Ontario. The city is located close to Toronto and is also regarded as one of the fastest growing cities in Canada. Other influential aspects of the city include a growing economy, advancing industrial and agricultural sector, improved transportation, increasing employment opportunities. All these factors align together and make the city a hot zone for real estate activity. Demographics suggest a major boom in the city's population in the past few years and increasing sales and prices of real estate property make it ideal for property investment.
Surry, British Columbia: Surrey lies in the province of British Columbia and is the second largest city in terms of population after Vancouver. Surrey is considered an emerging metropolis because of its international flavor and cultural diversity. The city is a major economic zone with improved transport, health care, education, and recreational facilities. It is estimated that Surry attracts over 1000 new residents every month as a result of which there is a major demand for real estate property among buyers.
Maple Ridge-Pitt Meadows, British Columbia: Lying very close to Surry, Pitt Meadows and Maple Ridge are two individual cities located in British Columbia. Pitt meadows are a flood plain lying in between the Maple Ridge in the east and Pitt River in the west. As of 2011 read more news for financial predictions.