Picking the right place to buy real estate in today's market is no easy feat. Many Canadian cities have seen huge increases in home prices during recent years, but if history is any guide, those aren't necessarily the best places to buy now.
After all, real estate needs to be affordable. Property values in a given city can rise dramatically for several years, but the forces of supply and demand eventually put the brakes on. If you buy in an area where homes have been priced out of reach for a large segment of the population, the demand for houses will inevitably fall, and prices will stabilize or even decline. If you plan to be in the real estate market for the long term, you would be much better off investing in a home in a city where prices are rising fast, but where there's still lots of upside room.
That's why MoneySense has spent three years fine-tuning a unique, scientific approach for finding Canada's hottest properties. It allows us to dig deeper into the real estate numbers and come up with the cities where you'll find the top deals. Best of all, our method is straightforward and easy to understand.
Best deals in real estate
