Property investment specialists with American interests could look north of the border to Canada as the US economy stalls, experts have said.
Real Estate TV said many people are now taking a “second look” at the country while the American market cools down.
Mont Tremblant in Quebec is among areas touted by the broadcaster thanks to its status as one of the continent’s best ski resorts.
Real Estate TV said:
“There are pockets of the nation where one can find the perfect balance between well-priced and attractive properties that have maximum second home and tourism rental appeal.”
Mont Tremblant is also an area giving a “12-month rental season” for those looking for investment property in the area.
Canada has also been backed by Lang Walker, executive chairman of global development firm Walker Corporation.
He said:
“Those looking to buy a home overseas should definitely consider investing in a property in East Canada.
“Despite the global economic crisis the country has remained relatively unscathed and is in a strong economic position – appealing to those looking to make a safe investment in high quality property.”
Earlier this week the Vancouver Sun reported price corrections in Canadian regions like Greater Vancouver should be “shallow”, according to Canada Mortgage and Housing Corporation.
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