There are certain factors to consider when buying real estate in Atlantic Canada – location, climate, history of the property, and others. The good news is that rentals and cottage real estate are increasingly attractive and booming and more and more cottagers choose to buy estate in Atlantic Canada. Some choose to relocate while others buy vacation homes and investment properties to diversify their portfolios.
Location and Climate and Other Factors
While many people choose to buy or build close to the ocean, there are other areas worth considering. Atlantic Canada is also about woodland areas, lakes, and beautiful views. Climate and weather conditions are also important considerations. Newfoundland and Nova Scotia, for example, are colder, rainy, and foggy. If you choose to buy a cottage in a place with a colder climate, it is a good idea to install a pellet stove or a fireplace. Obviously, each province and place is different in terms of features, location, access to beaches and entertainment, etc. Some people choose to buy real estate in Prince Edward Island because of the quick and convenient access to beach locations. In general, the location is an important factor, i.e. whether you wish to live in the countryside, town, or a large city. Check whether the property you want to buy is located in a sustainable community and whether there are parks and other recreational facilities nearby. Safety and ease of transportation are important considerations. The type of home you want to buy in Atlantic Canada is yet another factor. You can choose from different types such as carriage or link homes, row houses, duplexes, single-family semi-detached homes, single-family detached homes, and others. Other options include apartments, mobile homes, and modular and manufactured homes. If you plan to apply for a mortgage loan and are coming from the U.S., you will find that mortgages are easy to find: https://www.lifeoncredit.ca/can-i-get-a-mortgage-with-bad-credit/. Brits usually settle around Quebec and Newfoundland because there are plenty of ski resorts and leisure opportunities around and the flight from Britain is about 5 – 6 hours. In terms of location, small towns usually have low crime rates because everybody knows everybody.
When buying real estate, consider how many bathrooms and bedrooms your family needs and whether you want to have a swimming pool and fireplace. Real estate agents advertise homes with a hobby space, storage facility, air conditioning, energy-saving features, and so on.
This may come as a surprise, but there are islands on sale in Atlantic Canada. You can buy a small lot or a huge lot of over 100 acres. A lot of about this size will cost you about $4 million, but this depends on the location. Many properties are located close to international airports and recreational facilities. There are smaller lots as well, with prices varying from $30,000 to $50,000. Other properties are more expensive, from $800,000 to $2,000,000.
Professionals you can contact for help and advice include contractors and builders, land surveyors and appraisers, home inspectors and insurance brokers, lawyers, mortgage brokers, and real estate agents.