Annapolis Valley - The Blue Chip Real Estate Market
Though it is unlikely you will double your investment in a few years, you are also unlikely to lose your shirt! The market in the Annapolis Valley has had a steady history of growth, whether for single family or for multi-family properties. We have seen spikes of 16% and 17% (mid 2000), and then level off to 1% or 2% growth.
The Valley has a steady employment history, with the ebb and flow of transfers (military, etc.), and the incoming migration of people from countries where real estate is exorbitant, so they sell their homes and live well here. There also appears to be an influx of ex-Maritimers who come back home after a successful career out west, to be with their roots. The lifestyle, military base, agricultural industry (we never tire of food!), are predominant factors in why this area will always have a steady growth of population.
Kevin
Posted by Kevin Stacey
on April 26, 2011