Canada’s Resilient Property Market

It wasn’t so long ago that when the US caught a cold, Canada caught pneumonia. But Canada’s financial prudence has helped it sidestep the sharp home price declines being experienced in countries including the US, Britain and Spain.

In the past decade, prices of existing homes in Canada have risen by about 55 per cent, while new-home prices have risen by about 27 per cent. Most economists are forecasting a small increase in prices this year despite the turbulence next door.
It is indeed a much different story in the US, where home prices dropped by 14.1 percent year over year in the first quarter of 2008; a record price decline occurring five times faster than the last US housing recession.

But unlike the US, Canada’s housing boom was the result of supply catching up with pent-up demand that followed the downturn of the late 1980s and early 1990s. And the country’s conservative mortgage culture has helped protect Canada from the excesses seen during the US boom where subprime mortgages have crunched the market.

Canada is in fact posting a very different scenario. And Sheryl Kennedy, Canada’s central bank’s deputy governor, said this week: “The Canadian housing market does not appear to be characterized by excess supply at this time. The proportion of unoccupied, newly built dwellings in most cities remains below historical averages, suggesting that a major widespread reversal in house prices is unlikely in the near term."

David Stanley Redfern has two properties in Canada. The Rouge River Development is part of a resort voted best in Quebec eight years running. Investors can choose from a selection of land plots on which to construct a custom designed property or new lodge or chalet. Around 100 miles of the Rouge River runs through the resort, with fantastic trout fishing, kayaking, canoeing and white water rafting. While a 100 mile bicycle track weaves through the forest along the river bank, through the woods. In winter the bicycle track becomes a cross country ski and skidoo trail.

In Toronto, David Stanley Redfern, has a new property designed by world renowned architect Peter Clewes. The Pier at Queens Quay is an innovative pair of 12 storey towers topped with a three level bridge containing dramatically different penthouse suites.

All units will have a large balcony, or terrace, and residents will have access to extensive indoor and outdoor facilities including swimming pool with cabanas and panoramic views of the lake.

Toronto is one of the only places in the world where rental yields rise in line with property size, and Canada is the only established market in the world which has average yields of around 8 percent.

Find out more about property Canada and buying property in Canada.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Continued Strength of Montreal Good News for Investors

Montreal is to be the site of the next massive Waldorf-Astoria Hotel Complex. A partnership between Hilton, and Monit Investments, the 32 storey tower is scheduled for completion in the summer of 2011. The entrance of such a major player is a massive testament to the continued strength of the Montreal tourism market, which is expected to remain strong long into the future.

This is great news for owners of property on David Stanley Redfern's Rouge River development, a 20 minute drive from Montreal. 1 acre land plots on Rouge River are priced from just £27,500, and there are pre-designed 0-5 bedroom chalets waiting to be built at approximately £80 per square foot building costs. At such low prices, owners can charge a fraction of the price to holiday makers, and still make extremely healthy rental yields. The same goes for Mt Tremblant, that's alpine ski slopes make it another popular tourist attraction, and is just a 5 minute drive from Rouge River.

But to market these properties on the rental potential they get from being close to two popular tourist destinations is to sell them extremely short.

The Rouge River development sits within the Rouge River resort, and surrounds the 100 miles of trout filled river that both are named after. A 100 mile bicycle track weaves along the banks of the Rouge River, and combined with the majesty of the spring and summer wildlife gives Rouge River a strong summer attraction all of its own. In winter tourists flock to the Rouge River resort because the bicycle track has become a skidoo trail, the forest is a cross-country ski trail down the Laurentian mountainside through the trees, and they can still ice-fish in the river.

All in all the Rouge River resort has an all-year-round rental market all of its own, the fact that it is close to Montreal and Mt Tremblant is nothing more than a bonus.

Find out more about Canada property and buying property in Canada.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Canada Property: Rouge River Perfect for any Buyer

A recent David Stanley Redfern press release covered the Office of National Statistics report on the mass exodus of Britons emigrating to live abroad, with Canada being mentioned as the most popular location with the fleeing masses. The release also covered the reasons for the exodus, including work pressures, deteriorating British housing estates, and seeking career opportunities in emerging markets. But what the last release failed to cover was how perfect David Stanley Redfern's properties in Canada are for emigrating Brits, whatever the reason for their decision to move abroad.

The Rouge River resort has won the best resort in Quebec award 8 years running, and is the perfect picture of the beautiful outdoors Canada is famed for. The resort has 100 miles of the Rouge River running through it, which is full of trout and free to fish for all buyers of Rouge River chalets or land plots, as is the 100 mile bicycle track running along the river bank. In winter fishing lovers must turn to ice-fishing if they want trout for tea, and the bicycle track becomes a cross country Skidoo trail, a perfect break from the amazing cross country ski trail that weaves through the trees in the woods the sweep up the Laurentian Mountainside away from the river.

Yes, that's right: the Rouge River resort is within the gorgeous Laurentian Mountain range, the wild outdoors, which makes it perfect for those fleeing Britain's yob culture and ever-more dangerous housing estates, but what about those who are fleeing the stress of work, and will want to find a good career in Canada.

Well, that is one of the best features of the Rouge River resort, one of our team calls it the middle of nowhere on the outskirts of town, and that about sums it up: though the Rouge River resort sits amidst some of the most beautiful wilderness in the world in the Laurentian Mountains, Mt Tremblant and Quebec are both only a short-drive away, and both offer the potential for starting a new business, or Quebec especially is amass with career opportunities.

All the above makes Rouge River chalets perfect for those emigrating to Canada, but the above combined with the low prices (£137,000 for a 3 bedroom chalet) makes them perfect for investors; with visitors coming in for Quebec and Mt Tremblant choosing Rouge River for rental accommodation, because owners will have the ability of charging less than accommodation in either of those places, and still making a healthy rental yield – not to mention the visitors coming in for the resort itself.

One final thing about the Rouge River chalets is that they are one of the easiest properties to market for holiday lettings ever, because of the beauty, low prices and range of activities, added to the fact that skiers can complement the cross-country skiing on Rouge River with one of the finest Alpine ski resorts in the world just a five minute drive away in Mt Tremblant—though Mt tremblant and Quebec are worth a visit even for none skiers.

Find out more about Canada Property and buying property in Canada.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com

Toronto: Vacancies fall, House Prices and Rental Yields rise

The Toronto Real Estate Board has announced that the Greater Toronto Area (GTA) housing market recorded 9,411 transactions in May. On a year-over-year basis the GTA average price increased four percent to $398,148 from an average of $382,767 in May 2007. Prices increased three percent in the City of Toronto to $434,271 from $422,163 the previous year.

This is further evidence that real estate continues to be a solid investment in Toronto. Employment in the GTA continues to be strong and interest rates remain low, meaning consumers have the financial resources to buy homes and have a variety of choices to manage carrying the costs.

Vacancies are also expected to drop to an all-time low to 5.3% in the second quarter of 2008, a decline from the first quarter result of 5.6%. The rate is then expected to drop below 5% in the third quarter.

In fact, the Toronto region has gone through five years of occupancy growth and declining vacancies, resulting in large rental rate increases. In the last year, net asking rent rates in the Greater Toronto area increased from $16.10 per square foot in Q1 2007 to $17.98 in Q1 2008. The Toronto market – as opposed to the wider GTA market – has enjoyed the lowest vacancy rates, falling to 3.6% in the first quarter of 2008. Rent rates increased from $20.71 per square foot to $23.86, a 15% annual increase.

Indeed, Toronto is one of the only places in the world where rental yields rise in line with property size, and Canada the only established market in the world with average rental yields of around 8 percent.

David Stanley Redfern, the overseas property specialists, has a new property in Toronto designed by world renowned architect Peter Clewes of Architects Alliance. The Pier at Queens Quay will consist of an innovative pair of 12 storey towers topped with a three level bridge containing dramatically different penthouse suites.

All units will have a large balcony, or terrace, and residents will have access to extensive indoor and outdoor facilities including swimming pool with cabanas and panoramic views of the lake.

As one of Toronto’s last sites on the Waterfront, The Pier is truly a unique place to call home.

Find out more about Canada property and buying property in Canada.

About DSR Asset Management Ltd

DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com

David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property

FootPrints SEO is search engine marketing and online marketing agency based in the UK.
© 2009 Footprints-SEO.com