Canada is a welcoming country that offers its residents a high quality of life. Expats are drawn to the lush natural beauty, modern cities, stable economy and low crime rate that have always been hallmarks of the country. Canada shares a border with the United States, which only adds to its appeal. The state funded healthcare system that covers all citizens is another reason why Canada is one of the top choices among those looking to relocate. Canada is a large country, in fact the second largest in the world, with more than 10 million square kilometers of geography. Property hotspots can be found all across the region, from the rural areas and small towns to the major cities. Overseas residents usually opt for either holiday homes closer to nature or economic housing in the major cities. Here is an overview of some of the most popular locations in Canada.Toronto
The city of Toronto is hugely attractive to newcomers. It is the largest city in the country and has a diverse character with a population of almost three million. Apartments in the city centers are the most preferred accommodation in Toronto. However property prices are higher as compared to the rest of the country, with the average cost being about C$360,000.
Calgary in the province of Alberta is located at the foothills of the Rocky Mountains where open spaces, parks, rivers and fresh air abound. It is the city that enjoys the most days of sunshine and is only an hour’s drive away from the Rockies. Expats choose to live in Calgary because of the affordable housing and also the low tax rate.
British Columbia has one of the most prosperous economies in Canada and Vancouver is its commercial hub. It is considered a major industrial center and with its diversified economy, it is able to provide lucrative jobs to its residents along with a high quality of life. Property prices are the highest here, the average being nearly C$531,000.
The capital city of Ottawa is a multicultural place and is known for being quiet and laid back. As such it is best suited for families and those who prefer a more reserved lifestyle.
Life in Niagara, Ontario, is ideal for those who want to be close to nature. The region has 12 municipalities, all within close proximity of each other, and a population of approximately 430,000 people. The relatively unblemished natural setting makes it an attractive location to live in.
London in Southwestern Ontario has great healthcare facilities and schools and is also suitable for family life due to its beautiful parks and economic housing. It has both the appeal of big city life as well as the close-knit character of a small community.
Canada is also popular for its ski resorts and the luxurious homes that are located at these destinations. Whistler, in the Coast Mountains of British Columbia, is one such resort that offers spectacular skiing and snowboarding opportunities. There are many small communities in this region including a pedestrian-only village. Another popular destination is Sun Peaks located in the interior part of British Columbia. In the province of Newfoundland, there is Humber Valley where there are some great three-bedroom homes. For those who prefer to invest in a more accessible location, the ideal choice is Mont Tremblant, which is about a two hour drive away from Montreal and Ottawa. Ranch living is another preferred lifestyle especially in places like Manitoba and Alberta.
Buying a property
The prices and regulations for buying properties may vary from one province to another. In Quebec, the buyer must appoint a notary, who will be involved in paying the seller and registering the property in the buyer’s name. Realtors are often involved in the process. If an offer is accepted, both buyer and seller sign the deed. Conditional terms may be added such as whether a buyer can sell their own home or get a new mortgage. The process of buying a home in Canada is known to be straightforward and safe. However the granting of permanent residency can be a long process and therefore many expats choose to rent first and buy when permanent residence has been granted.