There once was a time where the world did not believe much of Canada. It was the backwater of North America, a straightforward piece of landmass which was understood best as the 51st state. Times have changed, and Canada has moved 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 recession unscathed: the nation experienced no subprime mortgage crisis, nor do we have a sovereign debt crisis like the European Union. Canada has already departed the post-recession recovery stage and entered a period of growth. Canadian banks are in sound shape, and are being controlled by sound monetary policy by the Minister of Finance and Governor of the Bank of Canada.
If you are planning to invest in real estate in British Columbia, Canada, one of the challenges is to decide on a strategy that will bring the highest returns. In the present market, you can no longer count on fast price increases and flipping. Now that real estate prices are stabilizing, one must think about long term strategy for their investment. The easiest and most popular one is to let unfurnished property for a long-term. Nonetheless, increasingly more landlords are realizing that they can get higher returns in short term furnished rentals market, especially by converting their investment property into a corporate housing component. Corporate housing units are rented to companies which send their employees for short term jobs or relocate them on temporary basis. Since the organization accounts for the rental payment as well as the unit, property owner may be sure the unit will probably be in good shape and always paid for.
In the city of Vancouver there’s an enormous demand for corporate housing due to the character of the economy. Vancouver is home to a lot of big corporations in a variety of sectors which frequently bring in workers from different portions of the nation or around the planet briefly. Examples of this can be seen in the movie, technology, program, and transportation sectors. Visit this website now to learn more about Eddie Yan. Film companies will often get together a cast and crew for a generation that continues a few months; technology firms like Telus will bring in staff to Vancouver for training classes that last a number of months; applications firms for example EA Games will import gift out of their other offices for the production cycle of a video game. Regardless of which specific business it’s in Vancouver, there is going to be a perpetual demand for furnished property leases.
If you are thinking about investing in Canadian real estate, an investment in Vancouver apartments and condominiums is a sensible 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 which will perform constantly.