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You are here: Home / Home & Garden / Should You Buy a Home Abroad?

Should You Buy a Home Abroad?

February 2, 2015 By Greta Brinkley

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Soooo…I’ve been watching a lot of House Hunters lately.  And, of course, the sister show House Hunters International.  It sort of amazes me at the number of people buying homes abroad, and their reasoning for doing so. I’m in the minority, I’m sure, but I don’t really want a home on a tropical island.

There are many reasons you might like to consider purchasing a second home over the next couple of years. For most people, an additional property means cheap holidays and better prospects. If you come from an English speaking country, we think the one of  the best locations on Earth is Canada.

We’ll explain a little more about our choice in a moment, but we’d also like to discuss legal matters. Buying a property in a foreign country is not a simple process. In most instances, it will take at least six months for all the paperwork to go through. So, you need to start the ball rolling as soon as possible if you want to spend your summer vacation or Christmas in your new home.

 

 

Prices are better in Canada

Whether you’re looking in Alberta, Nova Scotia or Port Moody homes for sale, you’ll get a lot more for your money in Canada. That is because the housing industry is not overrun with requests, more space to build, and a weaker currency. When there is less competition in any marketplace, prices begin to come down. For the price of an average home in with an acre of land, you could get something double the size in Canada. That is the main reason people select this great nation.

montreal-cathedral

There are more things to do in Canada

Presuming you come from somewhere like the UK or Europe, you will be happy to learn there are lots of activities available in Canada. The country is huge, and so you just might have to travel a little further to get involved. If you like the city, there’s great nightlife.  You could venture into the woods and check out bears, head to the mountains and enjoy clear lakes, or find a good restaurant and eat the biggest steak you’ve ever seen.

The outdoor sports, like snowboarding and skiing, are fantastic.  And, of course, we can’t forget the twin national treasures of curling and hockey.  I’m partial to hockey myself.

uniacke-house-nova-scotia-canada

Buying property is simple in Canada

As we mentioned above, the paperwork involved when purchasing a home in Canada can take up to six months to go through. However, it is much simpler than what you would have to do to buy a house in the US. The Canadian government are actively trying to encourage people to emigrate to their country, and so they have removed a lot of red tape.

 

It’s easy to relocate to Canada

With that last point in mind, it’s worth mentioning that anyone who buys a home in Canada can move there permanently. Indeed, even people who don’t have properties get the same deal. So long as you have enough money or a desirable skill, they are more than willing to let you apply for citizenship. Don’t think that means you need to be a banker or computer programmer though. At the current time, even painters and decorators are in high demand.

toronto

Having learned about why you should buy a second home in Canada, we hope you will take a leap of faith over the next few months. One of the other reasons it’s a good idea relates to inflation. Over the last twenty years, the average home has almost doubled in price. That means you could see a healthy return on your investment.
Dennis Jarvis

photo credit: Striving IMG_2929 via (license)

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Filed Under: Home & Garden, Money

About Greta Brinkley

Greta is originally from the West Coast. Now living in the Midwest, she loves hockey, sparkles, nail polish, and bright colors. She also cannot resist anything that has peanut butter and chocolate together. And she hates filling out bios. Yep.

« The Trials and Tribulations of Installing Blinds
Making your New House into a Home »

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  1. How to Choose a Vacation Home to Buy says:
    February 6, 2015 at 1:14 am
    […] about everybody would love to own a beautiful vacation home. Ideally, when you get a second home, you have a fabulous place where you can escape whenever you […]
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About Me

Hi! I’m Greta, a Lifestyle and DIY expert. I’m originally from the west coast, and currently living in the Midwest. We’re mad about DIY and travel, lover of fashion and food, and slightly obsessed with trivia. And you can never go wrong with glitter, nail polish or hockey. Did I mention we were named one of the top DIY blogs?

"Want to work together, or just say hi? Drop me a line! WhyHelloGreta@gmail.com

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