Opening Up Canada to Foreign Investments
Global investment in real estate is rising rapidly and with continued growth in the construction sector, property investors can expect increased returns.
Global real estate investment has risen by almost 20 per cent. Analysts not only expect new money to be invested, but they also believe large portfolios will be shifting as well.
According to The Globe and Mail, Alberta’s new leadership is pressing the federal government for new clarity and rule reform to aid the province in attracting more international investments.
In particular, those pushing for the changes want to open the doors wider for wealthy Chinese investors and firms. By doing so, Canada would draw attention from the likes of the largest sovereign fund in the world.
Until then, the Alberta market is open for smaller private and individual investors to capitalize on value opportunities in prime property.