Mention Canada and most people will probably think of snow and mountains. However, the Province of Ontario offers some of the hottest property markets in the country.
In this article, I, professional land developer Isaac Toussie, will quickly survey some of Ontario’s most happening cities for real estate investment. I have several years of experience in the industry, and though there are nuances to the Canadian market, for our purposes right now my first-hand insights of the American market will be just as useful when considering Ontario property.
First, however, a disclaimer: what follows is simply Isaac Toussie’s personal opinion and is presented for human interest purposes only. In no way whatsoever should Isaac Toussie’s remarks be considered professional advice of any kind. Readers are urged to consult all the relevant professionals, such as lawyers and accountants, when faced with a business decision of some consequence.
Now, on to Canada!
Of course, when talking about Ontario one naturally talks first about Toronto, its capital city. Populated by some 2.7 million people, Toronto property is without doubt the hottest in the entire province. It is Canada’s premier economic dynamo, and one of the top financial centers in the world. The city is also rather well-served by an extensive bus and light rail system, the third largest public transportation network in all of North America after New York City and Mexico City. With solid infrastructure and world-class cultural and educational venues throughout its numerous wards, Toronto is the number one real estate investment opportunity in all Canada.
But good profits can also be made in less crowded municipalities, too, such as beautiful Belleville at the mouth of the Moira River on the Bay of Quinte. Houses in the city are usually spacious and reasonably priced. Classical styles of architecture is quite the norm in Belleville. Schools are excellent and cultural amenities abound. In fact, trends suggest that Belleville may well become a regional hub the way Toronto is.
However, rural living is in some regards quintessentially Canadian, and some folks don’t mind the inconveniences involved. As can be imagined, investment opportunities are rather rare in the countryside, as most rural people tend to own their dwellings. Unless you plan on leasing out farmland, the only other obvious way to turn a profit in such parts of the province would be to operate bed-and-breakfasts for tourists or renting out weekend and summer homes to vacationers.
