Reviews about property developers in Canada

Canada is a country located in North America, the second largest country after Russia and the largest on its continent. The population of Canada is over 41,000,000 people, making it the 37th most populous country in the world. Canada is washed by three oceans at once: the Atlantic, Pacific and Arctic Oceans, the country has the longest coastline in the world. Canada borders the United States of America, Denmark, and also has a maritime border with France. Canada is administratively divided into 10 provinces and 3 territories with the capital in Ottawa. Canada has three climatic zones: arctic, subarctic and temperate, the last of which is home to most of the country's population. More than 50% of the country's population is concentrated in two southern provinces: Ontario and Quebec, and about 80% of the population lives in the southern belt, limited by a 150-kilometer zone north of the border with the United States. Canada's population is growing steadily due to increased migration from other countries. In terms of net migration, the country is among the top ten countries in the world. Canadian real estate is a wide range of residential and commercial properties, as well as land plots intended for development, agriculture and other activities. Currently, more than 2,500 Canadian developers build new, modern buildings and the necessary urban infrastructure every year. Most of the construction companies in Canada are concentrated in three provinces: Ontario, British Columbia and Quebec.

Our website contains reviews of Canadian developers left by real estate buyers.

Canada is the largest country by area in the Americas. It is a member of the Commonwealth of Nations, and its formal head of state is the monarch of the United Kingdom. Administratively, the country is divided into 10 provinces and 3 territories. The capital of Canada is Ottawa, located in the eastern part of the province of Ontario.

Canada as a Developed Democratic Country

Canada is a democratic country with a developed economy, ranking among the world's leaders in sectors such as:

• Industry
• Energy
• Agriculture
• Mining
• Production of wheat, mineral fertilizers, and pulp and paper products

The population distribution in Canada is extremely uneven. About 80% of the country's residents live within 150 kilometers north of the U.S. border. More than half of the entire population is concentrated in two provinces:

• Ontario – about one-third of Canada's population
• Quebec – about one-quarter of the population

Real Estate Market in Canada

There are over 2,500 real estate developers in Canada, with most operating in the following provinces:

• Ontario – 994 construction companies
• British Columbia – 618 construction companies
• Quebec – 375 construction companies

Factors Affecting Real Estate Prices in Canada

Real estate prices in Canada depend on several factors:

• Climate conditions
• Population density
• Demand for real estate
• Immigration policies

The Canadian government does not impose restrictions on foreigners purchasing property, except in designated recreational areas.

Real Estate Prices in Major Canadian Cities

• Ottawa – $3,200 per m² in suburban areas. Commercial real estate is cheaper than in other major cities.
• Quebec City – $1,600 per m² in suburban areas, from $2,500 per m² in central areas.
• Montreal – from $2,500 per m² in residential districts, from $3,500 per m² in the city center.
• Vancouver & Toronto – median apartment prices are around $400,000, while private houses start from $900,000.

Housing Shortage and Market Characteristics in Canada

Despite the large number of developers, Canada continues to experience a housing shortage for both purchase and rent.

• The rental vacancy rate rarely exceeds 4%, which is considered extremely low.
• Construction companies cannot keep up with the rapidly growing population.
• There is a shortage of mid-range real estate options.
• Developers tend to focus on either:
  • Small apartments in residential complexes
  • Luxury homes for wealthy locals and expatriates

The Canadian government plans to address this imbalance by:

• Building new homes
• Renovating secondary housing

Income Levels of Real Estate Buyers in Canada

The average income levels of property buyers are as follows:

• 24% – $75,000 to $100,000 per year
• 21% – $100,000 to $150,000 per year
• 20% – $25,000 to $50,000 per year
• 19% – $50,000 to $75,000 per year
• 8% – above $150,000 per year
• 7% – below $25,000 per year

Investment Attractiveness of Canadian Real Estate

The construction and real estate markets in Canada are developing rapidly. The fast-paced construction ensures high-quality urban infrastructure.

Investing in real estate in major Canadian cities can be a promising idea:

• Rental business can generate up to 6% net profit.
• Property resale can yield up to 8% annually.

Reviews on Canadian Real Estate Developers

Our website features reviews of Canadian developers left by property buyers.

Studying these reviews will help you:

• Form an opinion on the reliability of developers
• Evaluate their strengths and weaknesses
• Understand the quality of construction and finishes
• Learn about project delivery timelines and cooperation terms