The Canadian commercial real estate market is viewed as a safe haven by international investors. Despite some concern about rising interest rates, the disparity between the limited supply and growing demand has and always been a driving force in the country’s real estate market.
Why Invest In Real Estate?
Real estate has been one of the top investment possibilities in Canada for decades. Real estate investing can help you diversify your holdings and provide additional revenue streams. It can be an excellent method for passive income generation, depending on your attitude to the market.
Nova Scotia
Nova Scotia is Canada’s most populous Maritime province, located on the east coast of the country. It is one of the tiniest provinces in the country in terms of population and area. Its land area is considerably fractured due to the 3,800 coastal islands that dot its border. While the province’s per capita GDP is lower than the national average as a result of its more conventional economy, Nova Scotia industrial real estate can be attractive because it provides fantastic opportunities for real estate investors to find some fascinating business locations.
New Brunswick
Numerous real estate investors are attracted to properties in New Brunswick. Its thriving culture is due in part to its unique status as a multilingual province. However, it is also attributable to the province’s continued adherence to certain traditional customs. Only around half of the population lives in urban areas which makes New Brunswick industrial real estate a good investment. Additionally, it is heavily forested, lending the province a natural feel that appeals to both residents and newcomers. Tourism contributes significantly to the province’s economic well-being, as the region attracts hundreds of thousands of tourists, many of whom choose to make it their permanent home or a frequent vacation destination.
Business Support Programs
Canada has the G7’s lowest corporate tax rate. Canada’s METR has decreased to 13.7 percent, the lowest in the G7 and significantly lower than the OECD average.
Low Tax Rates
Canada is one of the best nations in the world for business. Our government’s tax cuts in 2018 guaranteed that Canada retained its economic advantage, despite substantial tax cuts south of the border. We know that outstanding, well-paying employment is contingent upon business success; thus, in today’s changing world, our government must continue to assist businesses in innovating, developing, growing, and firmly investing in Canada.
The Atlantic Immigration Pilot Project
The Atlantic Immigration Pilot Project is a streamlined employer-driven immigration scheme that enables firms in four Canadian Atlantic provinces to hire foreign nationals to fill open vacancies. That is why the commercial real estate Halifax is known for is popular with many investors. Additionally, the effort intends to stimulate regional population growth, develop a skilled workforce, and increase regional employment rates.
Conclusion
These provinces’ economies have been retooled, emphasizing technology replacing or supplementing traditional extractive industries such as mining or fishing. All of these elements contribute to a location with a high retention rate of talented and well-compensated workers, resulting in a real estate market capable of commanding higher sales and rental prices. If you’re looking for a province that is taking the first steps toward a financially sustainable future, Nova Scotia or New Brunswick may be the place to invest.
