Business News
Canada: The New Frontier for Those Seeking the Ultimate in Luxury Hideaway Living…Says Emerging Real Estate
2008-07-17 07:36:00
MANCHESTER, England, July 17 /EMWNews/ -- There's no doubt that in today's uncertain economic climate, a country with a strong and stable economy is the ultimate location for international property investors. Everyday we are bombarded with bad news and credit crunch crisis stories but one territory that remains a strong option is Canada. This stunning country saw its economy grow by some 2.7% in 2007 and, according to the Canadian Real Estate Association, its property market last year set a number of Multiple Listing Service sales records. Predictions are that 2008 will be the second-busiest year on record in almost all provinces. There are three key economic ingredients that will keep Canada's housing market on a different track from the United States and the rest of the world; one is consumer confidence, the second is employment, and third is affordable interest rates. In February of 2008, The Canada Mortgage and Housing Corp (CMHC) reported that construction on brand new housing in Canada jumped in January, another sign that the Canadian market continues strong whilst the U.S. is in melt down. Numbers rose to 222,700 on a seasonally adjusted and annual basis, up from 184,700 in December and more than economists had forecast. This marks the seventh consecutive year of starts above 200,000. Therefore, this has meant that the construction sector and building work increased in four of the five regions measured by CMHC: 43.7 per cent in Ontario, 22.4 per cent in Quebec, 19.4 per cent in the Prairie Provinces and 17.5 per cent in British Columbia. On a more general level, given its great natural resources, skilled labour force and modern capital plant, Canada enjoys solid economic prospects and thanks to first class fiscal management it has produced consecutive balanced budgets since 1997. The country also enjoys a substantial trade surplus with the US - its principal trading partner and largest foreign supplier of energy; from oil and gas to uranium and electric power. All of this has meant good economic growth, moderate inflation and the lowest unemployment rate in more than three decades. Tourism is another impressive sector and according to the World Travel and Tourism Council the Canadian industry was worth about USD 202 billion in 2007 and it is expected to grow in demand by 3.7% per annum through to 2017. The country holds an impressive 2.9% share of the worldwide tourism demand and has a strong appeal for visitors who enjoy its diverse regions from its big cities to its rustic ski areas. All of which makes it very attractive to investors seeking to rent to the lucrative holidaymaking market. One of the most eagerly awaited developments in the stunning Laurentian region of Quebec is Village Le Studio in Morin Heights - the picturesque, yet bustling, world renowned, four-season, tourist destination which is just a shirt drive from cosmopolitan Montreal. The developers of Village Le Studio's luxury family country style log homes, which are available in 5 different models, have created a unique private and peaceful atmosphere around stunning Lake Perry that capitalises on its excellent location with an exceptional balance between high end luxury and nature's peaceful harmony. These superbly constructed, country style, log homes allow visitors to experience Canada's beauty and natural surroundings while being environmentally friendly. Each home sits on one acre to one acre and a half of wooded terrain and offer high end interior design and finishes including; double bull nosed granite counter tops, solid wood cabinetry throughout, radiant heated floors, stone fireplaces, seamless glass showers with natural stone finishing and a Jacuzzi in the master bedroom. Unlike many other developments, the homes at Village Le Studio are made up of British Columbia Douglas fir posts and beams from certified forests to ensure traceability and the renewal of raw resources. The structures also meet the requirements of the NBC (National Building Code) - one of the strictest in the world - and all the homes comply with the standards of the Agence de l'efficacite energetique du Quebec's "Novoclimat" - an initiative that allows Quebec builders to increase the energy efficiency of their homes. Paul Harrison, from Emerging Real Estate - the UK based agency selling Village Le Studio commented - 'This development really is the last word in luxury living with every detail being carefully thought through from the interior finishes to the amazing choice of onsite facilities which include; a high end spa and salon, a full concierge service as well as a host of sporting activities nearby. He concluded; We also understand that many owners may want to maximise their Canadian hideaway investment, so a fully managed rental programme is also available for anyone wishing to rent their properties out.' For further information on Village Le Studio, interested parties should contact Paul Harrison at Emerging Real Estate: T: +44-(0)845-601-7293/ E: [email protected] / W: http://www.villagelestudio.com
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