Canadians in history have long and loving relationships with their vacation homes. In the early generations, the family home of the lake is the true meaning of the perfect summer. It is generally not far from the townhouse. Mother and child spend most summer in residence, while my old dad went to work every day, or just spent the weekend with the family cooking a summer barbecue and having fun. Today, many families inherit their homes by moving their original homestay ancestors over generations.
In the new millennium, however, much has changed how Canadian watch their free time and where they spend their holidays. In the 70s and 80s, we went through the snowy seasons where we were internationally recognized for the massive migration in the winter months into a warmer environment, with our current reputation as world’s owners to spend our vacation in exotic and different places in the world.
In the late 70’s and early 80’s, the usual break time was developed, and this concept quickly gained. Success can be attributed to the fact that this kind of real estate in many people has given the opportunity to own a holiday home for only a short period, usually two weeks a year, before they make brave, full of steps and explicit. Buy a second home. It also allows consumers to travel for their holidays and stay at their vacation homes without assuming overall liability for the entire property. Currently, the average price for this type of recreational investment is around $ 10,000 and is accessible to many Canadians of all ages.
There have been even some evidence lately that young Canadians are buying their property before their basic stay. Now there’s even a new concept called Quarter Post, which offers the opportunity to own and there are only three other participants in a cottage so that spend more time for the holidays in her comfortable and convenient location.
With the advent of low-cost airlines strong Canadian dollar, low-interest home loans and the overall prosperity of Canadian homeowners are booming in resort to the general population, not just for the rich After Canadian statistics about ten percent of the Canadian family’s own holiday, of which seventy-seven in Canada, and twenty-one percent outside our borders, with two percent of their vacation home in and out. from Canada. However, only 26 percent of these homes belong to the family and most, fifty-two percent, are couples.
Global real estate markets are currently markets for consumers, and while price lists are rising, they become more attractive to potential buyers. This factor is disadvantaged by the recent mortgage crisis in the US. Law And this seems to be an average trend. The number of foreclosures in the US rose in May 2008 by 50 percent compared to last year (RealtyTrac report), which increases curiosity for foreign investors.
The United States is still the most popular country in Canada for real estate investment, and Florida is California’s first choice and almost the second. According to the National Association of Real Estate Agents in 2007 Canada ranks fifth among the top five, with Mexico, UK, India and China, where foreigners are now investing in real estate in the United States and benefits from attractive prices. The temptation of the sandy beach and hot weather is still strong, as we are second only to foreign investments in Florida. During the survey 3% of total home sales in the United States made UU It is for non-residents with an average price of $ 300,000 in purchase and the primary purpose of buying a vacation home . Almost a third, however, is buying as a holiday home and as a rental property. Foreign owners will buy US real estate across the country, but South and West accounts for 80 percent of total sales.