Top 10 Towns in the West for Real Estate Investors
Welcome to Western Investor`s second pick of the top towns and cities in Western Canada where, in our opinion, real estate investors in both the commercial and residential sector have the best chance to profit. We compile this list every two years and our outlook is based on a two-year horizon, though many of these top markets should also perform long-term.
The real estate market in Steinbach and area has undergone some changes this year. Peter Squire of the Multiple Listing Service says one of the key differences is that there are a lot more homes on the market.
"Sales are more or less keeping even with 2013 from January 1st to the end of September but listings are up 25%. They are nearing 800 compared to 632 last year. It's a big difference in terms of listings that have been entered in the Steinbach area this year compared to last year."
Saskatchewan's unemployment rate lowest among provinces, Regina sets new record
Go to the Prairies, young worker.
According to an Oct. 10 press release from the Government of Saskatchewan, Regina has the lowest unemployment rate among major Canadian cities at 2.8 per cent and Saskatoon has the second lowest at 4.2 per cent.
Winnipeg house prices continued to moderate in the third quarter of this year as an abundant supply of homes for sale put a damper on price increases for two of the three most popular types of homes, according to a new national survey by Royal LePage.
The national real estate company said the average selling price for a standard bungalow was up only 0.5 per cent from a year ago, climbing to $308,706. And the average price for a standard two-storey home declined by 1.4 per cent to $341,863.
Saskatchewan is leading the nation in job creation with the fastest rate of employment growth and the lowest unemployment rate in Canada.
`Having a growing and robust economy has had a huge impact on the job front,` Minister responsible for Immigration, Jobs, Skills and Training Jeremy Harrison said. `It is no surprise that Saskatchewan`s job growth rate is the best in the nation now, providing more employment opportunities to support and sustain strong economic momentum.`
Saskatchewan commercial real estate still in demand
Saskatoon and Regina continue to entice commercial investors to the province looking to develop land.
"Across Saskatchewan, commercial land sales for future development are continuing to show strong demand from investors, and are being quickly absorbed by purchasers," says the latest Re/Max Commercial Investor Report.