canada one of finest property investment destinations
News Posted On: 24 April 2009
Since Canada was named as the host country for the 2010 Winter Olympics and Paralympics there has been a massive upsurge of tourists going on ski vacations to Canada. One particularly popular destination is Quebec, with many various fantastic slopes to choose from.
Liam Bailey; chief market analyst for overseas property portal Property Abroad gave his comments on “one of his favourite” investment markets in the world.
“As people who have read my comments on Quebec in The Times and other publications before will know it is one of my favourite locations in the world in terms of investing in property. It is, quite simply, and as far as I’m concerned undoubtedly one of the few markets in the world where you can bank on an all year round rental income; my opinion on the reason for this is that it just has so much going for it, many things are of course shared by other locations in Canada. “
“The sheer variety of wildlife alone attracts people in their droves, which of course changes drastically throughout all the seasons, therefore giving Quebec all year round wildlife visitors. Then you have the fresh spring, and lovely warm but still fresh summers to enjoy the fishing, wildlife and/or just exploring the beautiful countryside.
Autumn is amazing anywhere, but the crispness of being so far into the northern hemisphere makes the Canadian autumn just that little bit more special. Montreal – the Monte-Carlo of Northern America -- is a massive plus for Quebec. Then to move onto the skiing you have the absolutely breathtaking Mt Tremblant, which is unarguably one of the finest skiing locations in the world. “
Property Abroad has some excellent property in Canada , including a 2 bed Canadian style chalet , on the Rouge River resort in the Laurentian Mountains. 100-miles of the fantastic trout-filled Rouge River runs through the resort, with a 100-mile bicycle track running along the banks. All owners are given full-rights to fish on the river.
The woods weaving up the Laurentian Mountain range away from the river are excellent for exploring in the summer, and have cross-country ski-trails in winter. This perfectly complements the world-class alpine skiing of Mt Tremblant, which is just 45mins to an hour away from the resort -- Montreal can be reached in 90mins.
Rouge River resort’s proximity to both these tourist attracting locations gives this unit another added benefit: the fact that it is being sold privately for a quick-sale at just £22,500, means that you can charge far less than Mt Tremblant or Montreal’s rental rates, and still easily make 10-12% rental yields.
Capital appreciation will be at least 30% immediately when the resort is complete (when all chalets are built), and average 10% per year in the foreseeable future.
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