Investors who are looking to buy commercial property in Canada have a number of options to choose from. The Real Estate Investment Network has recently released a report listing the most promising commercial property investment cities in the country, based on factors such as jobs, population growth, and transportation upgrades, and the results were very interesting. Here are the best bets for investors interested in buying property in the Great White North:
Calgary got the nod as being the best place for commercial investors in Canada due to its stable market and relative affordability. The city has weathered the economic downturn of the past few years well and is poised to take advantage of improving market conditions.
The “Technology Triangle” of Kitchener-Waterloo-Cambridge is such an economic powerhouse that it has been dubbed the “Economic Alberta of Ontario.” Location is part of the reason for its economic strength: these cities are located within a 24-hour drive of more than 60 per cent of the population of the rest of the country, as well as 40 per cent of the (much larger) U.S. market.
One of the features which makes Edmonton such an attractive city for commercial real estate investors is the diversity of its economy. The city will continue to attract job seekers, which will increase demand for all types of commercial business services. Plans for major infrastructure improvements will also have a positive impact on commercial investment opportunities going forward.
Surrey is the second-largest city in British Columbia, and it has the distinction of being the fastest-growing city in the country. It has two border crossings to the United States, four railways, links to five major highways, and deep sea docks – all of which make this a prime location for business owners. The area is poised for growth, which makes it an attractive option for commercial investors.
Maple Ridge has invested significantly in improvements to the city’s infrastructure and transit systems over the past several years. As a result, the City is predicting a significant influx of 400 new businesses relocating to the area over the next 10 years or so. The Maple Ridge area is poised to become a prime location for people who want the amenities offered by a larger urban centre without the level of noise and congestion that goes along with living there.
