Canada ski resort property 'looks promising'
Canada ski resort property 'looks promising'
An increase in the number of low-cost flights travelling from the UK to Canada is opening up the Canadian holiday property market, according to reports.The ski division of property investment company Assetz says that it is anticipating increased demand for Canadian property, particularly in the ski resorts of British Columbia now that budget airlines have increased flight numbers.
Currently, airlines such as Canadian Affair, Zoom and Air Transat are providing low-cost services, and it is now possible to fly for as little as £70 each way.
This situation, the property company says, means that holiday homes or villas in popular skiing locations are likely to be wise investments.
"Ski property in Canada is ideal for those wanting to buy a holiday home with great investment potential," commented Martin Sadler of Assetz Ski.
"House price growth in Canada is expected to hit 11.2 per cent annually by the end of 2006, creating strong prospective capital gains as well as a burgeoning rental market, as the Canadian ski resorts become more accessible to European tourists."
12 October 2006
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