Why Invest In Commercial Real Estate In Nova Scotia and New Brunswick?

Global investors regard Canada’s commercial real estate industry as a safe haven. Despite some anxiety about the rise in interest rates, the difference in the country’s real estate market between restricted supply and surging demand has been a driving force in the market.

Why Invest In Real Estate?

For many decades, real estate has been one of the best investment options in Canada. Real estate investing can assist you in diversifying your assets and creating new revenue streams. It can be a terrific strategy to produce passive income, depending on how you approach the market.

Nova Scotia

Nova Scotia is the most populous Maritime province, located along Canada’s eastern coast. It is one of the nation’s smallest provinces in terms of population and size. Due to the 3,800 coastal islands that dot its boundary, its land area is largely fragmented. Although the province’s per capita GDP is lower than the national average due to a more traditional economy, there are still some excellent possibilities for real estate investors to find some interesting commercial real estate Nova Scotia can offer. 

New Brunswick

Many real estate investors find it appealing to pursue properties in New Brunswick. Its rich culture is owed, in part, to its status as the only bilingual province. However, it is also due to its status as a province that still adheres to many traditional customs. Only roughly half of its population resides in metropolitan areas. It is also extensively forested, offering the province a natural aspect that appeals to both locals and newcomers. The commercial real estate New Brunswick can offer can be so attractive because tourism supports its economic well-being, and the region attracts hundreds of thousands of tourists, many of whom choose to make it their permanent home or a frequent vacation destination.

Business Support Programs

Canada has the lowest corporation tax rate among the G7 countries. Canada’s METR is now 13.7 percent, the lowest in the G7 and much below the OECD average. 

Low Tax Rates

Canada is the best place to do business in the world. The tax breaks that our government enacted in 2018 ensured that Canada maintained its economic advantage, even in the face of hefty tax cuts south of the border. Halifax industrial real estate can provide well-paying jobs dependent on business success, thus in today’s changing world, our government must continue to assist businesses in innovating, expanding, growing, and investing firmly in Canada.

The Atlantic Immigration Pilot Project 

The Atlantic Immigration Pilot Project is a streamlined employer-driven immigration program that enables employers in four Canadian Atlantic provinces to hire foreign nationals for positions that cannot be filled locally. Additionally, the initiative aims to foster population growth, generate a trained workforce, and boost regional employment rates.

Conclusion

These provinces have experienced a retooling of their economies, with a focus on technology replacing or supplementing previous extractive industries such as mining or fishing. All of these factors lead to a region where skilled and higher-paid workers are likely to remain, resulting in a real estate market capable of commanding higher sale and rental prices. If you’re looking for a province that’s taking the first steps toward a financially sustainable future, investing in Nova Scotia or New Brunswick may be the answer.