Wednesday, 18 April 2018

Where to buy Canadian real estate in 2018 -- Presented by MoneySense

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Where to buy now: 2018

Brantford is Canada's best place to buy real estate

Brantford, Ont., often known as "Telephone City" after its famous resident and inventor of the precursor to the cellphone, Alexander Graham Bell, is the most attractive city for real estate investment value in Canada, according to the latest " Where to Buy Now" rankings from MoneySense.

Every year, MoneySense tracks real estate prices across Canada and uses a data-rich test to capture the hottest real estate markets in the country with the strongest regional value and the most potential to continue to rise.

Find out how your city and even your individual neighbourhood fared in our rankings.

The annual "Where to Buy Now" ranking covers Canada's 35 major cities and also goes deep to judge more than 2,000 real estate markets at the local neighbourhood level in eight of the country's largest urban centres, including Toronto, Vancouver and Montreal.

The ranking is based on the following:

  • momentum in recent real estate transactions;
  • real estate value relative to nearby cities or districts;
  • health of the local economy;
  • price level of local rental markets;
  • and a survey of real estate agent experts on markets.

This year's top city, Brantford, is a southwestern Ontario city of about 100,000 that is also the birthplace of hockey legend Wayne Gretzky and Group of Seven painter Lawren Harris. Its attractive housing market is benefiting from an adaptive local economy, low unemployment and strength in the Golden Horseshoe region, which extends from Niagara to Peterborough.

Read the story and see the full rankings at MoneySense.ca

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