The Organization for Economic Co-operation and Development (OECD) indices show Canada as the best in G7 countries in terms of economic growth over the past decade (2006-2015). The World Economic Forum consistently declares Canada’s banking system to be one of the soundest in the world. According to KPMG, total business tax costs in Canada are by far the lowest in the G7 and 46 percent lower than those in the United States. Canada also has the most highly educated workforce among members of the OECD. With some of the most famous universities in the world (i.e. University of Toronto), a universal health care system, clean cities and friendly people, Canada is one of the most multicultural countries in the world. According to OECD’s better life index, Canada led all G7 countries in overall living conditions and quality of life. Moreover, immigrant investor programs exist the world over, but no country can match the variety and affordability on offer in Canada.
Despite repeated Central bank’s measurements, from increasing mortgage down payment to setting stress test for uninsured buyers, Canada’s housing market continues to grow stronger. House price in big cities rose 13.37% during the year to February 2017, up from 6.49% year-over-year growth during the same period last year (Figures from Teranet – National Bank of Canada). Among 11 major cities of Canada, two cities stand out – Toronto and Vancouver as having the strongest potential and most opportunities for global real estate investors. Demand for home remains high in Toronto and Vancouver, driven by high rate of migration as well as global uncertainty and low interest rates, while supply is significantly outstrips. “In and around Toronto, many potential move-up buyers find themselves outbid in multiple-offer situations amid a short supply of listings,” said Canadian Real Estate Association (CREA) Chief Economist Gregory Klump. “By contrast, housing markets in urban markets elsewhere in Canada are either balanced or are amply supplied.”