Canadian Investors in Northern VA Why, What and Where

Canadian Investors in Northern Virginia – Why, What and Where

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It’s no secret that Canadian investors in real estate have been making inroads into the US property scene for a long time. In fact, until just a few years ago, Canada was the single largest foreign real estate investor in America. While Chinese investors recently outperformed Canadian investors, you’ll find our northern neighbors are still avidly buying up properties across the country. And while states like Ohio, Utah and Michigan are very popular, many choose to buy in northern Virginia.

Why Virginia?

Many areas have undeniable appeal to real estate investors from abroad. Utah is rich in resorts, and buying properties around these areas gives investors a decent reward on their investment. Ohio has a very stable population, and cities like Columbus have increasing demands in the area of rental housing, making them smart choices. Even Detroit, Michigan is easy to understand – investors love the rock-bottom pricing. Why do so many choose northern Virginia, though? It’s all about location. Northern Virginia properties give investors something impossible to find anywhere else – proximity to the nation’s capital, combined with relatively low real estate prices and a stable real estate market.

Kentucky Horse Farm

Where in Virginia?

The “where” of things is a bit harder to nail down. Chinese investors tend to buy properties in highly urbanized areas near high-tech firms, or else within cultural enclaves in the state. Canadians share a very similar culture with Americans, and aren’t restricted by language barriers. Additionally, many are choosing to move away from highly urbanized areas for their investing because of high competition from other international investors. Where are they turning? More and more are putting their money into properties in smaller regional hubs that connect small town America, rather than big cities. So, you’re more likely to see Canadian real estate investors active in places like Charlottesville than Arlington.

Brambleton Condo2

What Are They Buying?

This one is even more difficult to nail down than the “where” – Canadian real estate investors are interested in a very wide range of different properties. Those with enough capital tend to focus on high-end properties with proximity to major hubs and the corridors of power in D.C., while others focus on smaller multiunit properties away from those major hubs. Single-family properties are popular as well, and provide a significant return on an initial investment. More and more Canadians are considering multifamily housing as a good investment as well. Apartment buildings, condos and the like are easily marketable and in high demand, particularly as northern Virginia’s population continues to climb with the recent influx of new employers and international residents to the area.

Key Features for Canadian Investors

Canadian Real Estate Wealth is a leading magazine dedicated to real estate investors in Canada, and it offers valuable insight into the minds of these investors, particularly what makes an appealing property. In an article published in December 2014, Ken Davidson recommends basing an investment decision on factors like high accessibility, public infrastructure redevelopment, employment trends, population growth and price.

Canadian real estate investors find that northern Virginia meets all of these criteria, providing a sound investment option.

Source:

http://www.canadianrealestatemagazine.ca/strategy/10-tips-to-find-the-best-locations-for-real-estate-investment-186483.aspx

Canadian Investors in Northern VA Why, What and Where

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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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