Canadians Invest in Northern VA Real Estate

Canadians Invest in Northern VA Real Estate

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Canadians in Northern Virginia: Where to Call Home

Northern Virginia has seen a significant amount of growth from a number of international immigrants. The Hispanic population is the largest of these, certainly, followed by those of Asian origin (including Indian, Chinese, Vietnamese and more). However, Canadians are also coming to the state in measurable numbers. Where do Canadians frequently settle? What sort of lifestyle do they enjoy?

Canadian  Real Estate Investors Come to Urban Areas

The most common choice for Canadians choosing to make their homes in northern Virginia is urban centers. You’ll find residents of Canadian origin in cities like Charlottesville, Arlington, Fairfax, Alexandria and Leesburg. Cities closer to Washington D.C. have a higher concentration of Canadian immigrants than those in more rural areas.

What Draws Canadian Immigrants?

Canadians are attracted to northern Virginia for the same reasons as other groups – namely, employment options, proximity to popular attractions and areas, the quality of the education, and the relative affluence of the area. Northern Virginia has the state’s highest average salary per household, and it’s also home to the most of the technology companies that call Virginia home. Combine that with attractions like Washington D.C., shopping areas like Potomac Mills and Tysons Corner Center, as well as historic attractions like Civil War monuments and battlefields, and it’s easier to see why Canadians are attracted to live here.

  • Lifestyle – Canadians immigrants will find that life in northern Virginia isn’t much different from what they knew at home. Canadians and Americans share a very similar culture, and there are no language barriers. In fact, many Americans are unable to tell that someone is from Canada unless they come from Quebec, or specifically state their nation of origin. So, Canadian immigrants enjoy the same lifestyle as their natural-born American counterparts, including the same employment opportunities, potential housing options and more.
  • Home Life – When it comes to purchasing real estate, Canadians have plenty of options. There are numerous apartment complexes in larger urban areas (think Alexandria and Fairfax, for instance). There are also condos, townhomes, single-family homes and more. The more rural the area, the less diverse the housing options will be, though, so immigrants seeking a short-term rental generally gravitate to more urban areas.
  • Religion – While technically part of the Bible Belt, northern Virginia is home to a growing number of religions. The majority of the area’s residents are Protestant, but Catholicism, Buddhism, Hinduism and other religions are also present.
  • Employment Options – Canadians moving to northern Virginia will find that most of the area’s employment options are centered closer to Washington D.C. Cities like Arlington and Fairfax offer jobs within their bounds, as well as a place to live within easy reach of D.C. and the myriad employment options available with the federal government. Technology companies, businesses in the tourism industry, healthcare workers and state and federal government jobs are the prime options.

Canadian immigrants choosing to call northern Virginia home will find that things aren’t so different from home, and that there’s plenty to love in the state.

Source:

http://en.wikipedia.org/wiki/Northern_Virginia#Attractions

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International Investment in Washington DC

International Investment in Washington DC

What You Should Know About Washington DC Real Estate Investments

Living in the nation’s capital means living in one of the top international real estate markets. International investors from countries like Korea, China, and Saudi Arabia are vying for the next big commercial real estate investment. This situation has been driving prices and returns higher and higher each year since 2011. 2015 is poised to be another banner year for Washington DC’s international real estate investor interest. So why is Washington DC so appealing to foreign investors and who are these foreign investors?

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  • Washington D.C. is home to 176 embassies making it an entry point for foreign interest to not only capitalize on commercial real estate investment returns but also to take up residency. High-end downtown condos and Georgetown single family homes have increasingly come under foreign ownership. Foreign investors seek to take advantage of Washington D.C.’s real estate market strength while gaining access to some of the best global banking networks and far-reaching nonprofits.
  • Foreign investors are also attracted to Washington D.C.’s small businesses. With 2015 international focus on tech related start-ups and established real estate firms, D.C.’s economic development is thriving. The D.C. business and development authorities are catering to this international investment demand by forming strategic partnerships with China and Middle Eastern sovereign wealth funds.
  • International investors favor established real estate investments. Not only are foreign investors taking part in new construction, they are also seeking fully leased spaces that turn consistent profits. Downtown office buildings are especially appealing whether new construction or existing properties.

XXXL Modern Blue Glass Office Building, Rosslyn, Virginia

Washington DC Has Had a 200% Increase in Commercial Transactions

While Washington D.C. has always been a melting pot of cultures given its geopolitical reach, this renewed international real estate demand creates interesting contrasts between downtown Washington D.C. and the suburbs. While the downtown commercial real estate deals are turning the highest profits ever, D.C. suburb returns remain stagnant with high vacancy rates. The overall effect of this shift has pushed average commercial transactions up over 200% in the last decade while suburban vacancy rates have increased by 10%. Real estate insiders are hopeful that the trickle-down economics of large sums of money from foreign investors will make Washington D.C.’s real estate market more and more attractive overall.

Too Many Global Dollars Are Chasing Too Few Appealing Opportunities Worldwide

From Asia to the Middle East, depressed D.C. commercial and residential real estate prices offer excellent chances for big returns. While foreign investment is not at the same level it was before the economic down turn of 2008, international investors continue to be enticed by real estate for its higher yield versus perceived lower risk. There are many theories on why foreign dollars are being injected into the Washington D.C. real estate market, but one thing remains certain after The Great Recession – there are too many global dollars chasing too few appealing international investment opportunities.

Contact us @ Premier Team, Keller Williams Realty 703-342-8100 for more information, at no obligation.

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 International Investment in Washington DC

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