There once was a time where the world did not believe much of Canada. It was the backwater of North America, a straightforward part of landmass that was known best as the 51st state. Times have changed, and Canada has went from being on the periphery to taking centre stage.
The events of the past year has seen the emergence of Canada as an important economic actor on the planet stage. Canada has emerged from the crash of 2008 and following downturn unscathed: the country experienced no subprime mortgage disaster, nor do we have a sovereign debt crisis like the European Union. Canada has already exited the post-recession recovery stage and entered a period of increase. Canadian banks are in sound shape, and are being regulated by sound monetary policy by the Minister of Finance and Governor of the Bank of Canada.
If you’re intending to invest in real estate in British Columbia, Canada, among the challenges will be to decide on a strategy that would bring the greatest yields. In the present market, you can no longer count on rapid price increases and flipping. Now that real estate costs are stabilizing, one must think about long term strategy for their investment. The simplest and most popular one is to lease unfurnished property for a long-term. Nevertheless, more and more landlords are realizing they can get higher yields in short term furnished rentals market, particularly by converting their investment property into a corporate housing unit. Corporate housing units are rented to businesses which send their employees for short term jobs or relocate them on temporary basis. Since the business is responsible for the rental payment and the unit, property owner can be sure that the unit will probably be in good shape and always paid for.
In the city of Vancouver there is an enormous demand for corporate housing due to the essence of the economy. Vancouver is home to numerous big corporations in a number of sectors which often bring in workers from other parts of the country or round the entire world briefly. Examples of this are available in the film, technology, software, and transportation industries. Additional information about Eddie Yan can be located here. Film companies will often collect a cast and crew for a generation that lasts a couple of months; technology businesses for example Telus will bring in staff to Vancouver for training lessons that last a variety of months; software companies including EA Games will import talent out of their other offices for the production cycle of a video game. Regardless of which particular industry it’s in Vancouver, there will be a perpetual demand for furnished property rentals.
If you’re considering investing in Canadian real estate, an investment in Vancouver apartments and condominiums is a wise one. If a landlord takes the time and spends the cash to tastefully furnish the property, its possible to generate an impressive return on investment that can perform always.