Why Should You Buy Commercial Real Estate in Nova Scotia and New Brunswick?
The Canadian commercial real estate market is regarded as a safe haven by international investors. Despite some concern about interest rate hikes, the disparity between the limited supply and soaring demand in the country’s real estate industry has been a driving force in the market.
Why Invest In Real Estate?
Real estate has been one of the top financial possibilities in Canada for many decades. Diversifying your assets and generating additional cash streams can be accomplished through real estate investing. Depending on how you approach the market, it can be an excellent technique for passive income generation. Looking for a prime location in the NS and NB area? click here to learn more.
Nova Scotia is the most populated region in the Maritimes and is located on Canada’s east coast. In terms of population and area, it is one of the smallest provinces in the country. Due to the 3,800 coastal islets that dot its perimeter, the island’s land area is highly divided. While the province’s per capita GDP is lower than the national average as a result of a more conventional economy, there are still some fantastic opportunities for real estate investors to uncover some fascinating business locations. Looking for an awesome business property in Nova Scotia? Do check Cushman & Wakefield Atlantic Nova Scotia for the best rates.
Numerous real estate investors are attracted to New Brunswick real estate. Its thriving culture is partly due to its unique status as a bilingual province. However, it is also attributable to the province’s role as a preserver of numerous traditional customs. Only around half of the country’s population lives in cities. Additionally, it is heavily forested, providing the province with a natural aesthetic that appeals to both residents and visitors. The province’s natural beauty ensures its economic viability, and the region attracts hundreds of thousands of tourists, many of whom choose to make it a permanent home or a frequent vacation destination.
Business Support Programs
Canada has the G7 countries’ lowest corporate tax rate. Canada’s METR has fallen to 13.7%, the lowest in the G7 and significantly lower than the OECD average.
Low Tax Rates
Canada is one of the world’s best areas to conduct business. Our government’s 2018 tax cuts guaranteed that Canada retained its economic advantage, despite significant tax cuts south of the border. We know that high-quality, well-paying employment is contingent on business success; hence, in today’s changing world, our government must continue to assist businesses in innovating, developing, growing, and investing solidly in Canada. That is why the commercial real estate Halifax can offer is really high on demand at the moment.
The Atlantic Immigration Pilot Project
The Atlantic Immigration Pilot Project is a streamlined employer-driven immigration scheme that enables firms in four Canadian Atlantic provinces to hire foreign nationals for open positions. Additionally, the effort seeks to stimulate population growth, develop a skilled workforce, and increase regional employment rates.
These provinces’ economies have been retooled, emphasizing technology replacing or supplementing traditional extractive industries such as mining or fishing. All of these characteristics contribute to a place with a large concentration of competent and well-compensated workers, resulting in a real estate market capable of commanding higher sale and rental prices. If you’re looking for a jurisdiction that is taking the first steps toward financial sustainability, Nova Scotia or New Brunswick may be the answer.