Canadian property could be a hit with Brits

www.moneynews.co.uk > Housing market > Canadian property could be a hit with Brits

Canadian property could be a hit with Brits

Mon 8th Jan 2007

Canada could become the next property hotspot after a leading international property organisation recommended investment in the housing market in the north American country.

The country witnessed a 9.4 per cent rise in house prices during 2006 and Assetz Canada was launched on New Year's Day 2007 by Assetz to deal with the rising demand for property.

With prices in the UK continuing to propel upwards, investors may be swayed by Canada due to comparatively lower prices and the fact the UN has voted the country the best place to live for a few years in succession.

Also, the ski season in Canada runs from November to June, a major reason why the destination is proving a hit with Britons.

Martin Sadler, sales manager of Assetz International, said: "With one of the longest ski seasons in the world and a wide and varied range of summer activities, Canada is truly a year-round global destination."

"Prices are still considerably cheaper than in most other mature markets, with a typical one-bedroom ski apartment costing around £150,000," he continued.

Related News : Housing market
	Nationwide housing market report 'shows little progress'
	Nationwide housing market report suggests people value rail proximity
	Halifax housing market study 'shows slowdown in price growth'
	Positive news for 'nearly all' UK regions, according to Nationwide housing market document
	Nationwide housing market research 'shows stable picture'
	Firstrung: Abolition of Hips 'has had no impact on housing market'
	CIH: Parents question children's ability to take out a mortgage
	Rightmove: UK house price growth slowing down
	Halifax highlights popularity of coastal properties
	Santander claims HIPs were 'headache' in the housing market