In a recently released census there is an interesting trend has revealed of demand for housing that an investor should take note down.
For next investment, according to a real estate professional you have to target a developing and smaller market.
Shawn Zigelstein, representative of Royal LePage, told to Canadian Real Estate Wealth that it is very interesting to see area which are growing. It is more than main centre cores. They have lot of main centre cores which are growing but they also seem to see lot of outskirts, suburbs are increasing at very pretty good rate. People are moving the main centres and going to the smaller town, let's see for an example, Oshawa is an outpacing Toronto.
Being very close Barrie to top of list Canadian average is important thing to look at.
According to Zigelstein, people are increasing for the sake of living in city cores for outlying areas and this has to do affordability.
Very interestingly, Oshawa saw population increase (+6.6%) at higher % than Toronto’s (+6.2%) & Victoria’s (+6.7%) outpaces at Vancouver’s (+6.5%) from period of 2011-2016, as per latest census.
Other markets which are small saw a significant population boom were Manitoba (+17%), Steinbach, Ontario (+17.9%), Wasaga Beach, Alberta (+19.6%) and Sylvan Lake.
Population of Canada grew up by 1.7 million between 2011 and 2016 and this means increase in demand for real estate.
Now which parts of Canada enjoying largest boom of population?
For starters, The West
Alberta grew up at twice to the national average between census and last Manitoba’s population increased by 5.8%.
Manitoba’s mark has been surpassed national average for first time in 80 years due to large part to immigration.
Around one third of now Canadians live in West.
At further east, population of Quebec’s has surpassed eight million and Ontario’s population reached at 13.4 million.