News Item
Great time to invest ?
Despite the current economic climate, property in Mont Tremblant still remains a smart investment opportunity:
Tangible Asset - In the current climate, not only can the value of shares fall, but nationalisation of a corporation can decimate the share's price and yield. Similarly savings accounts with financial institutions have proven not as safe as everybody thought and saving account interest rates are pretty weak. In comparison, investing in property provides a tangible asset, whose capital value is forecast as steady-or-appreciating compared to the UK property market and there is the potential for rental income.
Economic Growth - Seek Stability & Growth. According to the International Monetary Fund, Canada will have the fastest growing economy of the G7 major developed countries in the world with GDP growing by 1.2% in 2009 - [link for more info..]
Stable Fundamentals - Canada has the soundest financial system in the world, according to a new report from the World Economic Forum, which also placed Canada on the top 10 list of the world's most competitive countries - [link for more info..]
Capital Appreciation- House prices in Canada are 3% undervalued compared with property prices in Europe: in Ireland house prices are overvalued by 32%; Britain 28%; France, 22%; Spain 17% and the US 11% - [link for more info..]
Return on Investment - Seek strong yields in both the long term and during this immediate economic downturn. Most sources predict that the initial signs of economic recovery in the 1-2 year time frame. The developments we represent offer credible rental guarantee programmes, often 5-7%, for 1-3 years thereby providing assurance during this downturn. Similar mature rental resorts have achieved gross rental incomes of 8% in recent years.
Additionally, Canadian mortgage interest rates are low (typically 4% as at Jan09), so depending upon the amount financed, attractive net profits after all rental management, property fees and mortage costs can be possible or at least these costs of ownership are often almost entirely covered by the rental income. Additionally most owners will vacation at their property once or twice a year reducing their vacation costs. Once the property has been held and rented out in the longerterm, and the appreciating property value is realised, then the ultimate return on investment can be very attractive.
Improving property values in the longer term, will be further enhanced due to Intrawest's investment in expanding the Mont Tremblant resort which will increase tourist attractions, facilities and capacity and should lead to increased levels of tourism and demand for vacation rental accomodation. [link for more info..]
Exploiting SIPPs - higher-rate UK taxpayers may be able to cut the initial cost of buying a property by more than a third. All rental income is tax-free and investors who sell their property need not pay capital gains tax. [link for more info..]
Have personal reasons for investing - If you are buying a property that you will get personal enjoyment out of this means that you have another benefit to ownership. Mont Tremblant offers a wealth of summer and winter activities combined with stunning scenery, peace and tranquility.
Seek Expert Advise - Invest in Mont Tremblant welcomes the opportunity to provide you with information about the resorts in Mont Tremblant. With intimate knowledge of each development, we can share with you our insights of the relative merits of each development can provide information. Additionally we take care of all of the arrangements when you choose to come with us on an Investment Tour
Similarly, prior to an investment you should seek expert professional advice as appropriate for your legal, financing, investment and tax needs, including verifying the information above (which is provided for guidance purposes only and does not constitute an undertaking or warranty).
