LOCATION AND GOOD FINANCING ARE KEY TO INVESTMENT SUCCESS SAYS VERICO MORTGAGE BROKERS AND RE/MAX IN CANADA’S TOP 100 LIST

September 26, 2013                                                                                       

A special report supported by the VERICO Network of Mortgage Brokers and RE/MAX of Western Canada has revealed the Top 100 Neighbourhoods for investment in Canada –   a list of the top micro markets set to lead the country in growth.

While familiar markets from coast to coast made the Top 100 list, which was compiled by the Canadian Real Estate Wealth Magazine, number crunching and analysis uncovered several surprises that will challenge conventional thinking. Small towns and neighbourhoods from downtown St. John’s, Nfld., and Bedford, Halifax, to Kitimat, B.C., and Cold Lake, Alta., are among the Top 100.

“As this report clearly shows, investment opportunities abound across Canada, both in bigger cities and smaller towns,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “No longer are the big cities dominating the real estate investment landscape.”

In addition to finding the right location for a real estate investment, finding the right financing is also essential to ensuring a good return on investment as it has a direct effect on profits.

“Investors should seek local expertise to navigate the mortgage funding process. Familiarity with the real estate and mortgage financing markets is the key to a sound investment strategy in these markets,” says John Kelly, COO of Verico Financial Group, a national network of over 2400 mortgage brokers.

“This is particularly true in towns with a smaller and less diverse economy, employment base, and rental market. A mortgage specialist with access to both national and local lenders as well as traditional and private financing sources is often essential to make the investment proceed, and make the investment perform," Kelly adds.

Real estate investors should seek professional advice from RE/MAX REALTORS® and VERICO Mortgage Brokers as real estate markets are often dependent on local conditions.

Extensive industry analysis and statistics were used in this report including population, average home price, capital growth and vacancy rate.

The results will be featured in the Canadian Real Estate Wealth Magazine which will be on newsstands across Canada on September 30.

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Data Source: Canadian Real Estate Wealth Magazine

Prov City/Town Neighbourhood 2012 Avg. Price 2013 Avg. Price Price Growth (%) Avg. Rent
AB Bonnyville Bonnyville $348,700.00 $396,340.00 13.66 $5,700.00
AB Calgary Lynnwood Ridge $330,330.00 $382,770.00 15.88 $2,000.00
AB Cold Lake Cold Lake $320,110.00 $356,630.00 11.41 $5,000.00
AB Edmonton South Bonnie Doon $333,090.00 $402,120.00 20.72 $2,000.00
AB Edson Edson $315,410.00 $387,450.00 22.84 $2,400.00
AB Grande Prairie Central Grande Prairie $250,020.00 $270,990.00 8.39 $2,900.00
AB Hinton Hinton $321,570.00 $359,480.00 11.79 $1,500.00
AB Leduc Leduc $344,130.00 $368,110.00 6.97 $1,800.00
AB Lloydminster Hale Park $337,470.00 $368,890.00 9.31 $1,200.00
AB Medicine Hat Medicine Hat South $311,900.00 $353,730.00 13.41 $1,200.00
AB Red Deer Red Deer North $302,370.00 $314,860.00 4.13 $1,500.00
AB Rocky Mountain House Rocky Mountain House $326,710.00 $358,300.00 9.67 $1,200.00
AB Whitecourt Whitecourt $339,950.00 $391,460.00 15.15 $1,900.00
BC Castlegar Castlegar $291,220.00 $298,060.00 2.35 $1,500.00
BC Fort St. John Fort St. John $333,820.00 $362,600.00 8.62 $2,800.00
BC Greater Victoria Coolwood and Langford $413,790.00 $522,380.00 26.24 $1,500.00
BC Kitimat Kitimat $171,600.00 $222,070.00 29.41 $1,700.00
BC North Vancouver Lynn Valley $538,980.00 $588,490.00 9.19 $1,400.00
BC Surrey Whalley $300,760.00 $342,230.00 13.79 $2,200.00
BC Terrace Terrace $208,180.00 $240,580.00 15.56 $850.00
BC Vancouver Grandview-Woodland $374,510.00 $386,860.00 3.30 $1,500.00
MB Brandon East Brandon $209,880.00 $241,270.00 14.96 $800.00
MB Selkirk Selkirk $244,520.00 $286,330.00 17.10 $1,100.00
MB Winkler Winkler $226,580.00 $280,910.00 23.98 $1,000.00
MB Winnipeg Broadway and The Forks $247,460.00 $380,050.00 53.58 $1,700.00
NB Grand Bay-Westfield Grand Bay-Westfield $206,610.00 $216,090.00 4.59 $1,100.00
NB Moncton Old West End Moncton $156,520.00 $180,000.00 15.00 $3,200.00
NB Rothesay Rothesay $193,480.00 $318,230.00 64.48 $1,200.00
NFL Conception Bay Conception Bay South $265,220.00 $292,900.00 10.44 $1,100.00
NFL Portugal Cove-St. Philip's Portugal Cove-St. Philip's $324,780.00 $397,590.00 22.42 $2,400.00
NFL St. John's Downtown St. John's $311,280.00 $345,930.00 11.13 $2,100.00
NS Halifax Bedford $311,350.00 $328,670.00 5.56 $2,000.00
NS Halifax Central Halifax $367,510.00 $402,260.00 9.46 $7,500.00
NS Halifax Dartmouth $252,980.00 $314,830.00 24.45 $1,500.00
NS Halifax Harrietsfield $253,970.00 $282,010.00 11.04 $1,200.00
ON Arnprior Arnprior $256,680.00 $277,170.00 7.98 $1,400.00
ON Aurora Aurora $514,525.00 $531,260.00 3.25 $2,000.00
ON Aylmer Aylmer $204,050.00 $245,220.00 20.18 $1,000.00
ON Bradford-West Gwillimbury East Bradford $400,440.00 $413,640.00 3.30 $2,900.00
ON Brampton Northwood Park $401,940.00 $428,070.00 6.50 $1,600.00
ON Burlington Burlington North $421,070.00 $484,640.00 15.10 $2,800.00
ON Burlington Burlington South $343,940.00 $387,530.00 12.67 $2,800.00
ON Clarington Bowmanville West $277,950.00 $308,940.00 11.15 $1,500.00
ON Clarington Courtice $314,300.00 $326,110.00 3.76 $1,200.00
ON Georgina Keswick $321,360.00 $340,950.00 6.10 $1,500.00
ON Greater Sudbury New Sudbury $247,480.00 $264,460.00 6.86 $3,000.00
ON Guelph Guelph Northwest $292,380.00 $337,800.00 15.53 $1,800.00
ON Halton Hills Acton $396,390.00 $436,690.00 10.17 $2,000.00
ON Hamilton Confederation Park $359,025.00 $382,362.00 6.50 $1,250.00
ON Hamilton West Stoney Creek $278,440.00 $318,700.00 14.46 $1,800.00
ON Hamilton Dundas $386,800.00 $403,360.00 4.28 $3,000.00
ON Innisfil Innisfil $305,590.00 $326,170.00 6.73 $1,200.00
ON Kenora Kenora $155,200.00 $185,290.00 19.39 $2,000.00
ON Kincardine Kincardine $246,810.00 $292,920.00 18.68 $1,100.00
ON Kingston Westbrook $323,420.00 $346,230.00 7.05 $1,200.00
ON Kitchener Doon $408,100.00 $458,550.00 12.36 $1,800.00
ON London Old North Area $375,670.00 $414,880.00 10.44 $1,800.00
ON Markham Thornhill East $538,960.00 $589,350.00 9.35 $2,400.00
ON Mississauga Malton $340,580.00 $351,420.00 3.18 $1,500.00
ON Mississauga Mississauga City Centre $434,670.00 $464,880.00 6.95 $1,660.00
ON New Tecumseth Alliston $323,400.00 $343,950.00 6.35 $1,200.00
ON Newmarket Newmarket Northeast $397,540.00 $435,740.00 9.61 $2,400.00
ON Orangeville Orangeville South $356,030.00 $406,120.00 14.07 $5,200.00
ON Oshawa Oshawa East $341,200.00 $362,660.00 6.29 $1,800.00
ON Ottawa Beaverbrook-South March $340,280.00 $375,420.00 10.33 $2,200.00
ON Ottawa Centretown $339,350.00 $419,670.00 23.67 $1,500.00
ON Pickering Central Pickering $423,500.00 $444,000.00 4.84 $1,500.00
ON Scugog Port Perry $383,090.00 $421,780.00 10.10 $1,300.00
ON Thunder Bay Thunder Bay North $304,730.00 $338,070.00 10.94 $1,300.00
ON Toronto Agincourt $412,450.00 $420,090.00 1.85 $1,800.00
ON Toronto Eringate-Bloordale Gardens $427,940.00 $494,100.00 15.46 $2,200.00
ON Toronto Guildwood $397,620.00 $421,290.00 5.95 $1,500.00
ON Toronto High Park $518,940.00 $560,330.00 7.98 $5,400.00
ON Toronto Humberwood $361,080.00 $387,690.00 7.37 $2,500.00
ON Toronto Mimico $401,630.00 $459,360.00 14.37 $1,800.00
ON Toronto The Junction $381,110.00 $419,480.00 10.07 $1,500.00
ON Toronto Weston Village $414,270.00 $436,480.00 5.36 $1,600.00
ON Toronto Woodbine Heights $463,220.00 $502,720.00 8.53 $2,400.00
ON Uxbridge Uxbridge $483,540.00 $524,180.00 8.40 $1,500.00
ON Vaughan Patterson $621,000.00 $651,750.00 4.95 $2,400.00
ON Whitby Whitby North $441,920.00 $467,950.00 5.89 $1,600.00
ON Woolwich Woolwich Township $313,310.00 $313,560.00 0.08 $1,800.00
PEI Stratford Stratford $299,870.00 $323,030.00 7.72 $1,750.00
QC Boisbriand Sainte-Thérèse $273,090.00 $320,740.00 17.45 $1,200.00
QC Brossard Brossard South $323,620.00 $337,730.00 4.36 $2,300.00
QC Dollard-Des Ormeaux Dollard-Des Ormeaux Southwest $346,920.00 $380,750.00 9.75 $3,500.00
QC Laval Chomedy Northwest $304,990.00 $315,750.00 3.53 $1,200.00
QC Laval Saint-Vincent-de-Paul $301,500.00 $343,790.00 14.03 $3,000.00
QC Longueuil Longueuil North $326,070.00 $342,020.00 4.89 $6,800.00
QC Montréal Central Saint-Laurent $432,570.00 $527,240.00 21.89 $4,000.00
QC Montréal Mercier-Ouest $424,320.00 $491,350.00 15.80 $3,900.00
QC Montréal Pointe-Saint-Charles $354,930.00 $403,320.00 13.63 $4,250.00
QC Montréal Sainte-Geneviève-Pierrefonds $348,690.00 $377,630.00 8.30 $1,500.00
QC Montréal Saint-Henri $296,940.00 $319,740.00 7.68 $2,400.00
QC Montréal Saint-Laurent East $467,810.00 $521,500.00 11.48 $3,800.00
QC Québec Quebec City East $332,620.00 $364,990.00 9.73 $1,181.00
QC Québec Sainte-Foy $331,180.00 $358,350.00 8.20 $1,200.00
QC Trois-Rivières Cap-de-la-Madeleine Ouest $195,230.00 $231,040.00 18.34 $600.00
SK Regina Central Regina $256,810.00 $301,660.00 17.46 $2,100.00
SK Saskatoon East Central Saskatoon $325,720.00 $360,900.00 10.80 $2,000.00
SK Swift Current Swift Current $225,370.00 $258,290.00 14.61 $1,350.00

Data Source: Canadian Real Estate Wealth Magazine


Media Contact:

Pin Luk

Marketing Communications Manager

Verico Financial Group

Phone: 604.681.6155 ext 230

Email: pin.luk@verico.ca

Media Contact:

David Geraghty

Communications Coordinator

RE/MAX of Western Canada

Phone: 250.712.0037

Email: davidg@remax.ca

About Verico Financial Group Inc.

Verico Financial Group is Canada’s largest network of independent mortgage brokers comprising of over 190 offices with over 2400 brokers who originate over 12 billion dollars in annual loan volume.  Our brokers collectively originate approximately 45,000+ mortgage transactions per year.

VERICO is comprised of the top professional and influential mortgage companies and originators in the country. 

The VERICO Mortgage Broker Network prides itself on our core pillars of excellence, professionalism and ethical standards; as a result, we have earned a reputation that is coveted in the industry.

For mortgage help, contact a VERICO mortgage broker near you.  www.verico.ca

About the RE/MAX Network

RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording RE/MAX agents and franchisees the flexibility to operate their businesses with great independence. With over 90,000 agents and a global reach of more than 90 countries, RE/MAX is recognized as one of the world’s leading franchisors of real estate brokerage services.

With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $53 million for Children’s Miracle Network Hospitals®,Canadian Breast Cancer Foundation and other charities.

For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.ca

About Canadian Real Estate Wealth

Canadian Real Estate Wealth magazine is Canada's only monthly publication dedicated to Canadian real estate investors. It is designed to offer readers the kind of accurate, cutting-edge information needed to guide their investment decisions and help them build wealth through real estate.


About Us

VERICO Canada is a federally incorporated management company. The company has special expertise and knowledge in the financial services and mortgage brokering industries. VERICO Canada manages the VERICO Brokers Network and the VERICO Lenders Network. The VERICO Mortgage Brokers Network is a national network of independently owned and operated mortgage broker firms that meet professional and business standards.

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