Why Is Investing in Commercial Real Estate in Nova Scotia and New Brunswick a Good Idea?

Why Is Investing in Commercial Real Estate in Nova Scotia and New Brunswick a Good Idea?

The commercial real estate market found in Canada is regarded as a safe haven by international investors. Despite some concerns about interest rate hikes, the disparity between the limited supply and rising demand in the country’s real estate market has been a driving force in the market.

Why Invest In Real Estate?

Real estate has been one of the top investment opportunities in Canada for decades. Real estate investing can help you diversify your assets while also generating new income streams. Depending on how you approach the market, it can be a great way to generate passive income. Looking for a prime location in the NS and NB area? Click here to learn more.

 

Nova Scotia

Nova Scotia, located on Canada’s eastern coast, is the most populous Maritime province. In terms of population and size, it is one of the smallest provinces in the country. Its land area is considerably fractured due to the 3,800 coastal islands that dot its border. Despite the province’s per capita GDP being lower than the national average due to a more traditional economy, real estate investors can still discover some attractive properties.

 

New Brunswick

Property in New Brunswick appeals to a large number of real estate investors. Its rich culture is partly due to the fact that it is the only bilingual province in Canada. It is partly due to its status as a province where many traditional customs are still practiced. Only around half of the country’s population lives in cities. It is also heavily forested, giving the province a natural attractiveness that appeals to residents and visitors. The province’s beauty contributes to its economic well-being. The region attracts numerous visitors, many of whom choose to make it their permanent home or a favorite holiday spot. Looking for a primary location for your business? Do check Cushman & Wakefield Atlantic New Brunswick

 

Business Support Programs

Among the G7 countries, Canada has the lowest corporate tax rate. Canada’s METR is now 13.7 percent, the lowest in the G7 and significantly lower than the OECD average.

Low Tax Rates

Canada is one of the top places in the world to do business. Even in the face of significant tax cuts south of the border, the tax incentives passed by our administration in 2018 guaranteed that Canada maintained its economic advantage. We know that good, well-paying jobs are based on business success, so our government must continue to support businesses in innovating, developing, growing, and investing solidly in Canada in today’s changing world. For this reason, Nova Scotia industrial real estate investors are on the rise. 

The Atlantic Immigration Pilot Project 

The Atlantic Immigration Pilot Project is a streamlined employer-driven immigration scheme that allows firms in four Canadian Atlantic provinces to hire foreign nationals for positions that are not fillable domestically. The plan also intends to promote population growth, develop a skilled workforce, and increase regional employment rates.

Conclusion

These provinces’ economies have been retooled, focusing on technology replacing or supplementing former extractive industries like mining and fishing. All these elements combined create an environment where competent and higher-paid individuals are more inclined to stay, resulting in a real estate market that can fetch higher sales and rental prices. Investing in Nova Scotia or New Brunswick could be the answer if you’re seeking a province that’s taking the first steps toward a financially stable future.

2021-09-03T15:11:31+00:00 August 9th, 2021|Payments|0 Comments