Key Markets Dominate Top 100 Neighbourhoods for Investment
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/02/15 -- One region''s economic fall from grace and another''s rise in property prices have dramatically changed the 2016 list of Top 100 Neighbourhoods for property investors. The fourth-annual guide is produced by and identifies the specific residential markets expected to lead growth in 2016.
"A spike in home prices in markets such as the GTA and BC''s Lower Mainland have reshaped this year''s Top 100 Neighbourhoods list in surprising ways," says Vernon Clement Jones, editor of Canadian Real Estate Wealth magazine. "While the cost of acquisition is higher in a growing number of those neighbourhoods, the value for property investors has also grown - not just for flippers but also for those intending to buy and hold for a long period of time."
Canada`s leading magazine for real estate investors has leveraged exclusive data from The Teranet - National Bank House Price Index™ and industry analysis to form definitive rankings on price appreciation, yield and rental values (see below for evaluation criteria). The results, which are set to hit newsstands on Oct. 5 in the magazine''s November/December issue, pinpoint the exact locations and property types that investors should consider for both short- and long-term growth.
While sought-after neighbourhoods from coast to coast made the Top 100, number crunching and analysis uncovered several surprises that challenge conventional thinking. Small towns and neighbourhoods from St. John''s, Nfld. and Stratford, PEI, to Winfield, B.C., and Spruce Grove, Alta., are among them.
"The changes we saw this year were surprising in terms of markets entering the Top 100 for the first time," says Jones. "With that much change in the market, it`s even more imperative that we meet our mandate to arm real estate investors with up-to-date neighbourhood-specific information. The Top 100 does that."
Contacts:
Claudine Ting
Media Relations
Mobile:416-564-4622
Office: 416-644-8740 ext. 243
Jennifer Paterson
Senior Writer
Mobile:416-564-4622
Office: 416-644-8740 ext. 234
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Datum: 02.10.2015 - 08:30 Uhr
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