Real estate properties have interesting discounts available now the boom period prices have been regulated. This is what real estate investors are always anticipating. To pick up a bargain. What are the dissimilarities between the rivals?
The USA real estate prices are not yet seeing recovery, whereas in Canada the MLS have plenty of real estate and prices are beginning to rise. As prices are lesser in the USA wouldn't you think this was the prime place to invest? If you have additional money to invest, professionals still say Canada is the top investment.
Global Property Guide professionals still warn of rushing into the US market and suggest Canada as a more practical option. Even though prices seem to be levelling off in the USA, experts expect that there may be more busts ahead. Profits are moderate to poor, the tax system is perplexing and the rental market heavily pro tenant. The long term investment grading chart only awards the USA 2 stars out of 5.
Although Canada is not the top market in the world (top rated is Uruguay, followed by other South American markets), we have been given 3 stars, primarily for good yields, secure economy, a better tax system and a strong rental market for immigrants (Canada is represented by Toronto and the USA is represented by New York).
Buying real estate in Canada has less expensive fees joined with it. Example property (resale $250 000 condo in major city, cash paid) transaction costs (inclusive of registration costs, real estate agent charges, legal charges and sales and transfer taxes) count for 6.96% of the sale price in Canada, while it is 9.07% in the USA. Real estate investors will appreciate the 2% lower fees.
Photo source: swisscan
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