· VERICO mortgage experts say Bank of Canada unlikely to announce change to overnight rate; attractive mortgage rates will remain for time being
· Low vacancy rate and natural beauty make for investment hot spots
· Rule changes in July have complicated mortgage process, investors should seek expert advice
Vancouver, BC Oct 19th, 2012-- A special report by Canada Real Estate Wealth Magazine has uncovered the top 100 investment neighbourhoods in this country – communities most likely to swerve a coming correction.
Twenty neighbourhoods in BC have outshone recent housing trend predications and ranked in the Top 100 list including Yaletown, South Surrey, Kelowna North and Fairfield.
“For investors, trendy Yaletown often boasts residential vacancy rates under 1%. Such high demand has generated very favourable returns for investors in both rental income and significant property value appreciation,” says Garth Ellis, President of VERICO Ellis Mortgages Canada.