Canada’s top cities to buy real estate in Based on value, momentum, economic strength and rental income potential

This is a part of an article in this months MoneySense magazine.

Rounding out the top five spots in this year’s ranking are two Alberta cities, plus two more from Ontario: Calgary, Barrie, Brantford and Edmonton. Calgary’s No. 2 position is based on past performance. But as we know, oil prices and Canada’s overall economy will have a strong impact on the city’s growth in the future, and the possible effects of the oil price drop were not factored into our calculations.

Rank:
3
City:
Barrie (Ont.)
Average home price (2014):
$338,624
Average home price ratio to average rent (Price to rent ratio):
1.04
Time to buy in years:
3.7
Home sales to new listings:
61.1
1-year price appreciation:
6.4%
5-year price appreciation:
5.7%
10-year price appreciation:
5.1%
Average 5-year rent increase:
16%
Rental vacancy:
1.7%
Discretionary Income levels:
$44,000
Average GDP growth 2010 to 2014 (%):
2.1
Projected GDP growth for 2015/2016 (%):
2.5
Current Unemployment rate (2014) (%):
5.8
Previous year’s unemployment rate (2013) (%):
7.2

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