Factors Driving Canadian Immigration for Northern Virginia

Factors Driving Canadian Immigration for Northern Virginia

Northern Virginia is a diverse place, with wilderness areas, highly urbanized areas and everything in between. It’s one of the fastest growing sections of the nation in terms of international immigration, and regularly attracts individuals and families from all around the world, including our northern neighbor, Canada. What are the major factors that attract Canadian immigrants to northern Virginia? Actually, you’ll find they’re pretty similar to what brings others to the state, with a couple of differences.

Stone house with beautiful sunny garden

Proximity to D.C.

Perhaps the most common reason for moving to northern Virginia is to be close to Washington D.C. From Richmond to Alexandria and a number of other cities, Canadian immigrants find that it’s more convenient to live in Virginia and commute to D.C., whether they’re working in the government sector, education, technology or something else.

 US Capitol

Cost of Living

Potential residents find that it’s cheaper to live in Virginia than D.C. as well. According to Zillow, Richmond has a cost of living index of 99, which is slightly below the national average of 100, but significantly lower than Washington D.C.’s 140. So, immigrants are able to get more bang for their buck in all areas of their lives, from real estate to groceries to gas and entertainment.

Climate

Quite a few Canadians choose to move to northern Virginia for the climate (combined with other factors, of course). With the state’s warm summers and cool, but not cold, winters, it’s an inviting difference in comparison to the climate of many areas in Canada, as well as the US Northeast.

 property 03

Income Potential

While not true across all areas of northern Virginia, the area in general has a higher than average annual income ($61,000 per year). That increases the closer to D.C. and other developed areas you get, and is actually about $9,000 per year more than the US national average. Canadian immigrants choose to move here to take advantage of the higher quality of living and the better income potential than what’s possible in other areas of the US, or at home in Canada.

 Julia Robert

 Real Estate Prices

You’d expect an area with a higher income potential to have higher real estate prices, but Virginia’s real estate is actually relatively reasonable, even within urbanized areas. Move out of Alexandria and Richmond and you’ll find those prices drop considerably, and rural areas are even more affordable. Canadian residents find that this enables them to own more home for less money than would be possible in another state.

 drawing-room

 Retirement Areas

One of the major demographics seeing growth in northern Virginia is those aged 55 and up. The state attracts Canadians, US residents from the Northeast, and even those who’ve moved to Florida only to find that it didn’t really agree with them. Winchester, Williamsburg, Alexandria and Prince George are just a few of the areas popular with Canadians seeking a retirement home.

As you can see, there are numerous compelling reasons for Canadians to call northern Virginia home, but they are just one of a number of international investors.

Senior Couple Walking Along Golf Course Carrying Bags

Factors Driving Canadian Immigration for Northern Virginia

 

Contact Gene Mock, Premier Team, Keller Williams Realty 703-342-8100

We have locations to serve you in Northern Virginia, Maryland and Washington, DC

 

Gene Mock Realtor http://northernvirginiarealty.com/

Source:

http://www.topretirements.com/state/virginia.html

http://www.city-data.com/forum/virginia/108728-relocating-charlottesville-richmond-better-please-help.html

Google

Facebooktwittergoogle_plusredditpinterestlinkedinmailFacebooktwittergoogle_plusredditpinterestlinkedinmail
Posted in Canada Invests in US, Canadian Investors, Canadian Real Estate Investors, Canadian Real Estate Investors, Canadian Real Estate Investors in Northern VA, Canadian Real Estate Investors in US, DC MD VA Real Estate, Foreign Investors in U.S. Real Estate, International Investment in U.S., International Investors, International Real Estate Investors and tagged , , , , , , .

Leave a Reply

Your email address will not be published. Required fields are marked *