TOP 100 REALE N R L ESST IIA TA D AT A TE A E NN W AA W TOP E C C TOP EA A L T L H 100 T ANNU AL INVESTMENT GUIDE 2013 100 H TOP 100 ANNU AL INVESTMENT GUIDE 2013 REALE N R L ESST IIA TA D AT A TE A E NN W AA W TOP E C C TOP EA A L T L H 100 T 100 H CANADA’S TNEIGHBOURHOODSOP 100 Picking the right area to invest elcome to the inaugural Top 100 Neighbourhoods report where we showcase in ensures you maximize your Canada’s best locations to invest in 2013. profit no matter what the broader Chosen from hundreds of great neighbourhoods across Canada, this is the market is doing. But choosing Wpre-eminent guide for investors looking to outperform the the best area could be a daunting national averages and double their profits. While most of the coverage of Canada’s real estate market prospect. So we’ve done the hard tends to focus on the major city centres – Vancouver, Toronto and Calgary – there are a myriad of provincial capitals, smaller work for you. We’ve brought cities and growing towns that don’t fit into the sweeping you the top spots where capital statements about where these big markets have been and where they’re heading. appreciation and rental returns For example, there are places in Newfoundland that were untouched by the pinch felt by many Ontario cities during the are set to surge (Continued on page 6) TOP 100 ANNU AL INVESTMENT GUIDE 2013 REALE N R L ESST IIA TA D AT A TE A E NN W AA W TOP E C C TOP EA A L T L H 100 T 100 H (Continued from page 4) 2008 recession; there are resource towns in the Prairies and West Coast whose meteoric rise is quite recent; and ABOUT VERICO communities with grounded markets that stayed slow and steady over the last decade. Using information from the Canadian Mortgage and VERICO Financial Group is Housing Corporation, Statistics Canada, and countless local Canada’s largest network of real estate boards, we’ve analyzed each of the 100 communities independent mortgage brokers using the best growth indicators available. comprising of over 190 offices Aside from population growth, we took into account median with over 2,300 brokers who and average home values, capital growth, rental yield, and originate over $12 billion in annual loan volume. Our vacancy rates. brokers collectively originate But the market isn’t simply about stats and percentages. approximately 45,000+ We talked to the locals – realtors, economic experts and local mortgage transactions per year. representatives – to get a better understanding of the market in the individual communities. VERICO is comprised of the top professional and influential So after painstakingly analyzing each of the areas, we’re mortgage companies and proud to bring you this year’s top 100 neighbourhoods. originators in the country. Our members are among the ranks of provincial and national THE EXPERTS: mortgage associations, many of whom are regularly interviewed by the media for expert opinions. RE/MAX The VERICO Mortgage Broker Canadian Real Estate Wealth wishes to thank the contributions Network prides itself on our and support of the realtors at RE/MAX. Their incisive insights core pillars of excellence, and analysis helped us produce this ambitious project. Their professionalism and ethical local views provide inter-provincial investors the knowledge standards; as a result, we have they need to make a quick investment decision. earned a reputation that is coveted in the industry. ® VERICO For mortgage help, contact a VERICO mortgage broker near A big thank you to the team of mortgage professionals at you. VERICO who provided us with insider information about the areas covered in the top 100 report. This invaluable information www.verico.ca provides readers with a snapshot of the financial requirements necessary to invest in these areas. PROCEED WITH CAUTION The Top 100 Neighbourhoods report did not take into account your personal goals and risk profiles and therefore should be used as a guide only. While we’ve endeavoured to provide you with the most accurate information available at the time of writing, the actual performance of the municipalities in the list also depends on unforeseen factors such as government policies, global economy and interest rate movements. This means that not every property in these communities automatically grows in value and rental yields. CANADIAN REAL ESTATE WEALTH RECOMMENDS THAT YOU: • Carry out your own detailed due diligence on any area or property before purchase • Make sure you get an independent valuation before you make an offer• Consult with relevant property professionals before buying • Invest with a clearly-defined strategy TOP 100 ANNU AL INVESTMENT GUIDE 2013 TOP 100 SUMMARY POPULATION AVERAGE CAPITAL AVERAGE VACANCY CITY/TOWN NEIGHBOURHOOD (2011) PRICE GROWTH RENT RATE ALBERTA Calgary Bowness 1,096,833 $449,260 9.0% n/a 1.9% Chestermere Downtown area 14,824 $435,000 3.57% $1,200 n/a Edmonton Ambleside 812,201 $528,152 -4.7% $1,036 2.7% Grand Prairie Royal Oaks 55,032 $330,705 -2.7% $894 1.1% Lethbridge West Lethbridge 83,517 $250,123 -0.6% n/a 0.3% Medicine Hat Desert Blume Estates 60,005 $350,000 9.9% $661 7.0% Red Deer Sunnybrook 90,564 $332,000 6.3% $843 2.5% St. Albert North Ridge 61,466 $525,800 10.0% $1,035 0.5% Strathcona County Ardrossan 92,490 $399,472 3.0% $1,067 4.7% Wood Buffalo Fort McMurray 65,565 $484,850 16.3% $2,049 10.8% BRITISH COLUMBIA Abbotsford Mill Lake 133,497 $340,000 -0.3% $815 6.7% Burnaby North Burnaby 223,218 $1,000,000 4.0% n/a 0.5% Chilliwack Chilliwack Proper 79,357 $343,000 11.95% $680 4.1% Coquitlam Coquitlam Town Centre 126,456 $507,500 3.0% $1,075 3.0% Dawson Creek Central Dawson Creek 11,583 $268,309 25.0% n/a 3.2% Delta North Delta 99,863 $864,500 8.0% $1,015 1.2% Kamloops Sahali 85,678 $311,442 8.5% n/a 4.2% Kelowna Kelowna North 117,312 $468,482 2.6% n/a 3.0% Langley South Langley 104,177 $699,000 9.2% $828 3.5% Maple Ridge Central East 76,052 $500,000 1.67% n/a 2.0% Nanaimo Old City Quarter of Nanaimo 83,810 $360,007 2.0% n/a 7.0% New Westminister Sapperton 65,976 $799,824 38.3% $848 2.9% North Vancouver Lower Lonsdale 84,412 $654,500 3.9% n/a 0.5% Port Coquitlam Northern Oxford Heights 56,342 $561,000 1.9% $870 3.0% Prince George The Bowl District 84,230 $240,561 0.00% $900 2.0% Richmond Hamilton 190,473 $585,100 -1.5% $1,568 1.2% Saanich Gordon Head 109,752 $490,000 1.4% $923 1.0% Surrey South Surrey 468,251 $699,000 5.7% $814 3.7% Vancouver Yaletown 603,502 $795,000 -0.1% $1,285 1.1% Victoria Fairfield 80,017 $443,200 0.35% n/a 2.8% MANITOBA Brandon Valley View 46,061 $203,438 5.56% n/a 0.7% Winnipeg North Kildonan 663,617 $269,175 n/a $1,400 1.0% NEW BRUNSWICK Fredericton Golf Club/Woodstock Road 56,224 $170,563 2.9% $746 3.8% Moncton Riverview 69,074 $150,640 -5.0% $721 5.4% Saint John Milledgeville 70,063 $180,000 -2.0 $1,500 8.0% NEWFOUNDLAND Paradise Downtown centre 17,695 $327,774 4.5% n/a 1.2% St. John's Mount Pearl 106,172 $280,000 4.0% $808 3.3% NOVA SCOTIA Cape Breton Baddeck 97,398 $212,500 2.4% $694 4.5% Halifax Fairview 390,096 $406,900 3.77% $926 3.2% SASKATCHEWAN Regina Fairways West 193,100 $430,000 3.0% $948 0.6% Saskatoon Varsity View 222,189 $369,000 2.5% $976 3.1% Swift Current Downtown core 17,535 $240,000 3.7% n/a 2.8% TOP 100 ANNU AL INVESTMENT GUIDE 2013 POPULATION AVERAGE CAPITAL AVERAGE VACANCY CITY/TOWN NEIGHBOURHOOD (2011) PRICE GROWTH RENT RATE ONTARIO Ajax North of Salem and Rossland Rds 109,600 $333,393 5.87% n/a 2.0% Aurora Bayview/Wellington 53,203 $515,000 17% $945 1.0% Barrie Downtown core 166,634 $302,905 5.4% $1,395 1.7% Brampton Fletcher's Creek Village 523,911 $383,000 6.89% n/a 1.4% Brantford Downtown Brantford 93,650 $251,654 5.1% $807 1.3% Burlington Downtown Burlington 175,779 $385,000 2.8% n/a n/a Caledon Bolton 59,460 $483,000 7.3% n/a 7.9% Cambridge Galt 126,748 $290,743 4.3% $904 1.8% Chatham-Kent Downtown core 103,671 $142,000 n/a $693 4.4% Clarington Bowmanville 84,548 $276,000 4.2% n/a 3.0% Great Sudbury New Sudbury 160,274 $234,202 17.% $828 3.1% Guelph St. Patrick’s Ward 121,688 $294,000 5% $868 1.0% Halton Hills Goergetown South 59,008 $520,000 5.9% $1,003 1.6% Hamilton North End Hamilton 519,949 $215,675 8.5% $843 2.9% Kawartha Lakes Town of Lindsay 73,214 $257,500 1% $788 4.1% Kingston NW of Queens 117,787 $412,000 -0.1% $998 n/a Kitchener Victoria Park 219,153 $303,896 7.1% $916 2.0% London North London 366,151 $260,172 11.1% $910 3.7% Markham Cornell 301,709 $650,000 5.48% $1,027 0.3% Milton Scott 84,362 $447,000 4.7% n/a 1.6% Mississauga Churhchill Meadows 713,443 $410,000 9% n/a 1.3% Newmarket Yonge St.