As the prospect of a west-to-east pipeline inches toward actualization, the timing could not be better for Saint John real estate. A literal transcontinental energy corridor, the pipeline would run straight through Canada, running from Alberta and landing at Saint John, New Brunswick’s doorstep. The final destination is the Irving Refinery, the largest refinery in the country. If you have been considering venturing into real estate that yields a decent return, then Saint John is your hotspot.
So, how does the impending pipeline improve options in this case? Here are a few reasons why this seaside community is the perfect place for high return investment property.
Few places in Canada manage to be affordable, progressive and profitable. These basic regional traits are highly sought after when people are ready to invest in real estate. Fortunately, Saint John manages to encompass all of these wonderful attributes. People searching for prime real estate — whether as a primary residence, vacation home, or rental property investment — need to look no further than the numbers that tell Saint John’s story. According to a recent CREA report that analyzed New Brunswick real estate sales, home sales in Saint John were on the uptick. In January of this year, home sales increased by three percent from December 2012. While that number may seem modest, the percentage increase was during one month alone. Considering the pipeline’s impending success was widely reported during this time, it is probably no coincidence that savvy real estate investors recognized a good opportunity and jumped on it.
The economic infusion that the future pipeline will drive into Saint John is significant. After all, a $3 billion dollar energy project isn’t too shabby. However, Saint John also happens to be a community with various thriving industries and emerging markets. Saint John’s working population is comprised of a nice balance of blue and white collar. In its origin, this is a city born of brine, but it wears it maritime roots with pride. That hardworking spirit has evolved to include a highly educated workforce that has helped develop Saint John’s formidable IT industry, as well as a robust healthcare professional field. In many ways, the forthcoming pipeline is the proverbial sweet icing on the real estate cake.
How much would you pay for financial freedom? It may seem like a trick question, but it is not. Smart property investing needs pragmatism and a bit of capital — but it does not have to be your life savings. For as little as $20,000, real estate investing in Saint John is very possible. As the pipeline gets closer to Saint John, that amount becomes more and more reasonable. This is the sort of property investment that can pay for itself, stimulating passive income through rental properties. On the other side of that coin, if coastal living is ideal, this is also a wonderful chance to establish a shoreline home or vacation property.
If you are in the market for Canada real estate investments, try lending serious consideration to Saint John. It is the perfect time to invest in the perfect place.