Many foreign investors are discovering that Milton, Ontario, Canada, and the surrounding area are great places to invest because of the weak Canadian dollar. Like many British and American citizens have already discovered, now is the right time to buy property in Canada. Of course, the amount of investors looking for investment opportunities in the Milton area also means its an outstanding time to sell your property.
Investors can find a number of investment opportunities in Milton, Burlington, Mississauga, Toronto and Oakville. In the first quarter of 2016, the average detach house in Milton sold for $927,841 Canadian dollars. That is just $706,742 United States dollars and 500,951 pounds sterling. Alternatively, in the first quarter of 2016, the average selling price for a semi detach was just $548,401. Therefore, it is very easy to see what a great value that you can receive in the Halton region.
This region is on the very edge of the Niagara Escarpment. This area of the escarpment is well known for its wine-producing appellation where over 30 varietals are grown including Chardonnay, Riesling, Cabernet Franc, Gamay Noir and Pinot Noir. The population of Milton is currently 102,000 residents. That is expected to grow to 228,000 by 2030. Yet, because the Escarpment has been declared a UNESCO World Biosphere Reserve, the government will highly control building in the area. This should make home prices soar over the next few years.
Not only can investors find a great detach house by working with realtor, now is the perfect time for the first time home buyer to consider buying a home. There are many luxurious new properties on the market. For those who have never owned a home before, a town house may be the perfect solution. In the first quarter of 2016, the average selling price for a condo townhouse was just $412,767 Canadian dollars. When you consider how cheap property is currently selling and the possibility of it increasing in price in the coming years, moving to Canada begins to make great sense.
Even if you cannot make the move to this beautiful area right now, consider the possibility of buying a property to rent. Let the renter pay the mortgage along with the cost of hiring a property management company to handle the property for you. Then, when you are ready to move, the property has already paid for itself. Alternatively, if you are never get ready, you can collect the rent for years to come.
A large number of tourists come to the Milton area every year to explore the different conservation areas including Crawford Lake, Rattlesnake Point, Hilton Falls, and Mountsberg. The lavender farm draws hundreds of visitors each year, as does the Halton County Radial Railway. Of course, these visitors have to have a place to stay. With the great exchange rate right now, it is an outstanding time to buy hotels in the Milton area. If the population grows like the government expects, then these properties will surely become even more valuable in the years to come.
Since most of the tourist's areas around Milton are located a short way from town, it is also a great time to consider investing in gas stations. As with hotel industry, the expected growth in the area is likely to make these properties increase in value over the coming years.
The Milton area is already home to several great manufacturing companies that produce a variety of products. Karmax Heavy Stamping is the largest employer in Milton. They produce automobile car body parts. Northstar Aerospace has a facility here where they produce airplane and helicopter parts. Another employer is Roxul producing insulation for homes and commercial buildings. RecoChem makes containers for various industries around the world.
There is plenty of room for growth in the region. With the cheap conversion rates right now may be the perfect time to buy an industrial property. Alternately, if you are not ready to buy a property, then consider if now is the time to lease a property. In some cases, the government even has help available for capital investment. Before heading into uncharted waters on your own, make sure to organize a team of professionals to help you starting with a real estate agent.
Real Estate Professionals
Regardless of the type of property that you are in obtaining, the right real estate agent can help you achieve your goals. They can assist you in finding the right prod assist you in completing the necessary paperwork. In some cases, it can all be handled over the Internet, so you do not even have to come to Milton right now. If you do choose to come, however, it is very easy to get to the city from Toronto, as both the train and the bus offers frequent service to the area.