Are there are any bargains left in Canadian real estate? You bet there are. Moneysense reveals which cities offer the best value for real estate investors.
In the June 2012 issue, MoneySense rated 36 cities across Canada to find places where real estate is still reasonable and income levels and job prospects are high and rising higher. These cities are likely to see price appreciation in the years to come, and will also be in a good position to resist any downward movement in national housing prices.
The Top 7 cities with the "Best deals in real estate" are:
2.) Frederickton, NB
3.) Winnipeg, MB
5.)St. John's, NL
6.)Thunder Bay, ON
To give you an idea of what you can buy in each of these cities for around $370,000 - the average home resale price in Canada (click here for photos and descriptions of recently listed homes).
Are you planning to move to one of the best places to live in Canada? If you currently live in this great city and are considering buying or selling, check out my website. At CENTURY 21 we have more than 121,000 sales professionals in approximately 7,700 independently owned and operated franchised broker offices worldwide, we have a large referral network to help you find the perfect property in 72 countries and territories worldwide.