Thinking of investing in some real estate in Canada? Well, we might be able to give you some pointers on where to purchase. MoneySense just released its official 2020 list of best places to buy a home in Canada and it looks like we’ve got some interesting choices coming out on top.
Now, before we get to the list, let’s talk about what a city needs to be considered a good place to invest. It’s a mixture of a few things. For starters, low prices. With the real estate market kind of exploding right now, finding a home with a reasonable price tag is always gonna be a bonus. And on top of that, other important factors include things like schools, business opportunities, and predicted appreciation on home value (aka home much a home’s value will go up in the future).
So let’s jump right into it! Coming in hot at number one we’ve got… Drumroll, please…
Guelph! We bet you didn’t see that one coming! (Just kidding, no offence, Guelph). But it turns out that the real estate value combined with relatively low home prices mean that this city nabs the top spot.
And the rest of the top ten are as follows:
- Guelph, Ontario
- London, Ontario
- Victoria, B.C.
- Ottawa, Ontario
- Kingston, Ontario
- Brantford, Ontario
- Hamilton, Ontario
- Kitchener-Cambridge-Waterloo, Ontario
- Abbotsford-Mission, B.C.
- Windsor, Ontario
So let’s give a round of applause to Ontario for grabbing eight of the top ten spots! And then to B.C. for getting the other two.
So there you have it! Maybe this list will sway your investments when you’re decided where to purchase a home. Or maybe you already knew all these cities rocked. Either way, they’re definitely great spots to check out.
So if you wanna see the full list of 35 cities from MoneySense, just head online here.