Investing in Canadian Real Estate rated as one of the most stable property markets in the world

Canada Real Estate is Stable and Poised for Growth

If you are a real estate investor, look no further than Canada property to see one of the most stable and sought after markets in the world. Despite the worldwide turmoil that started from the United States subprime mortgage crisis and the ensuing credit crunch witnessed around the world, Canada's banking system was rated recently as the most stable and secure in the world. This is far better than any other developed nation and provides Canadian home buyers a sense of relief and satisfaction in knowing that none of the major Canadian banks are in financial trouble. In addition to sustainable growth following a period of unprecedented capital appreciation of Canada real estate, the property market across the country is sought after by many international property investors, and now is the time to get into the Canada real estate market if you haven't already. Back when the Liberal Party was in government and President Clinton was the leader of the US, the American government deregulated much of the banking system. Because banks and financial institutions are in there to make money, of course they would take every course of action to maximize returns and revenue, thus sparking the biggest credit spending spree in world history. At the same time, the Canadian government opted not to deregulate the banking system here in Canada, and by doing so, remained one of the tightest credit markets worldwide, making it tougher and more stringent in their lending products to clients. Because of this and other factors, the Canadian real estate market is still achieving some of the best returns when compared to their counterparts. A sound banking system and less speculatory investors have created more of a balanced Canadian real estate market that investors can take advantage of right now.

What A Home Really Costs – The Hidden Costs and Fees in Property Closings

Checklist: All closing costs and associated fees

Cost of Home
• Purchase price
• GST (on new/significantly refurbished homes)

Upfront Costs
• Appraisal fee
• Deposit
• Down payment
• Estoppel certificate fee (for condominium/strata unit)
• Home inspection fee
• Land registration fee
• Legal fees and disbursements
• Mortgage brokers’ fee
• Mortgage loan insurance premium (can be included in your mortgage)
• Prepaid property taxes and utility bills
• Property insurance
• Survey or certificate of location costs
• Title insurance

From CMHC