There once was a time where the world did not think much of Canada. It was the backwater of North America, a straightforward part of landmass which was known 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 last year has seen the development of Canada as an important economic actor on the world stage. Canada has emerged from the crash of 2008 and following downturn unscathed: the nation experienced no subprime mortgage catastrophe, nor do we have a sovereign debt crisis such as the European Union. Canada has already departed the post-recession recovery stage and entered a period of growth. Canadian banks are in sound condition, 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 would bring the highest returns. In the current marketplace, 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 lease unfurnished property for a long-term. Nevertheless, more and more landlords are realizing that they can get higher returns in short-term furnished rentals marketplace, especially by converting their investment property into a corporate housing component. Corporate housing units are leased to companies which send their employees for short term jobs or relocate them on temporary basis. Since the business is responsible for the rental payment as well as the unit, property owner could 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 essence of the market. Vancouver is home to numerous big corporations in a variety of sectors which frequently bring in employees from other parts of the nation or round the planet briefly. Examples of this are available in the film, technology, program, and transportation industries. We recommend you check out this site for more information about Eddie Yan. Film companies will frequently gather a cast and crew for a creation that lasts a couple of months; technology companies like Telus will bring in staff to Vancouver for training lessons that last a variety of months; applications companies for example EA Games will import gift from their other offices for the creation cycle of a video game. Regardless of which particular industry it’s in Vancouver, there is going to be a perpetual demand for furnished property leases.
If you are 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 potential to make an impressive return on investment that will perform constantly.