SOURCE: Verico Financial Group Inc.

Verico Financial Group Inc

September 26, 2013 06:00 ET

Location and Good Financing Are Key to Investment Success Says Verico Mortgage Brokers and RE/MAX in Canada's Top 100 List

VANCOUVER, BC--(Marketwired - September 26, 2013) - A special report supported by the VERICO Network of Mortgage Brokers and RE/MAX of Western Canada has revealed the Top 100 Neighbourhoods for investment in Canada - a list of the top micro markets set to lead the country in growth.

While familiar markets from coast to coast made the Top 100 list, which was compiled by the Canadian Real Estate Wealth Magazine, number crunching and analysis uncovered several surprises that will challenge conventional thinking. Small towns and neighbourhoods from downtown St. John's, Nfld., and Bedford, Halifax, to Kitimat, B.C., and Cold Lake, Alta., are among the Top 100.

"As this report clearly shows, investment opportunities abound across Canada, both in bigger cities and smaller towns," says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. "No longer are the big cities dominating the real estate investment landscape."

In addition to finding the right location for a real estate investment, finding the right financing is also essential to ensuring a good return on investment as it has a direct effect on profits.

"Investors should seek local expertise to navigate the mortgage funding process. Familiarity with the real estate and mortgage financing markets is the key to a sound investment strategy in these markets," says John Kelly, COO of Verico Financial Group, a national network of over 2400 mortgage brokers.

"This is particularly true in towns with a smaller and less diverse economy, employment base, and rental market. A mortgage specialist with access to both national and local lenders as well as traditional and private financing sources is often essential to make the investment proceed, and make the investment perform," Kelly adds.

Real estate investors should seek professional advice from RE/MAX REALTORS® and VERICO Mortgage Brokers as real estate markets are often dependent on local conditions.

Extensive industry analysis and statistics were used in this report including population, average home price, capital growth and vacancy rate.

The results will be featured in the Canadian Real Estate Wealth Magazine which will be on newsstands across Canada on September 30.

Prov   City/Town   Neighbourhood     2012 Avg. Price
    2013 Avg. Price
  Price Growth (%)     Avg.  Rent
                               
AB   Bonnyville   Bonnyville   $ 348,700.00   $ 396,340.00   13.66   $ 5,700.00
                               
AB   Calgary   Lynnwood Ridge   $ 330,330.00   $ 382,770.00   15.88   $ 2,000.00
                               
AB   Cold Lake   Cold Lake   $ 320,110.00   $ 356,630.00   11.41   $ 5,000.00
                               
AB   Edmonton   South Bonnie Doon   $ 333,090.00   $ 402,120.00   20.72   $ 2,000.00
                               
AB   Edson   Edson   $ 315,410.00   $ 387,450.00   22.84   $ 2,400.00
                               
AB   Grande Prairie   Central Grande Prairie   $ 250,020.00   $ 270,990.00   8.39   $ 2,900.00
                               
AB   Hinton   Hinton   $ 321,570.00   $ 359,480.00   11.79   $ 1,500.00
                               
AB   Leduc   Leduc   $ 344,130.00   $ 368,110.00   6.97   $ 1,800.00
                               
AB   Lloydminster   Hale Park   $ 337,470.00   $ 368,890.00   9.31   $ 1,200.00
                               
AB   Medicine Hat   Medicine Hat South   $ 311,900.00   $ 353,730.00   13.41   $ 1,200.00
                               
AB   Red Deer   Red Deer North   $ 302,370.00   $ 314,860.00   4.13   $ 1,500.00
                               
AB   Rocky Mountain House   Rocky Mountain House   $ 326,710.00   $ 358,300.00   9.67   $ 1,200.00
                               
AB   Whitecourt   Whitecourt   $ 339,950.00   $ 391,460.00   15.15   $ 1,900.00
                               
BC   Castlegar   Castlegar   $ 291,220.00   $ 298,060.00   2.35   $ 1,500.00
                               
BC   Fort St. John   Fort St. John   $ 333,820.00   $ 362,600.00   8.62   $ 2,800.00
                               
BC   Greater Victoria   Coolwood and Langford   $ 413,790.00   $ 522,380.00   26.24   $ 1,500.00
                               
BC   Kitimat   Kitimat   $ 171,600.00   $ 222,070.00   29.41   $ 1,700.00
                               
BC   North Vancouver   Lynn Valley   $ 538,980.00   $ 588,490.00   9.19   $ 1,400.00
                               
BC   Surrey   Whalley   $ 300,760.00   $ 342,230.00   13.79   $ 2,200.00
                               
BC   Terrace   Terrace   $ 208,180.00   $ 240,580.00   15.56   $ 850.00
                               
BC   Vancouver   Grandview-Woodland   $ 374,510.00   $ 386,860.00   3.30   $ 1,500.00
                               
MB   Brandon   East Brandon   $ 209,880.00   $ 241,270.00   14.96   $ 800.00
                               
MB   Selkirk   Selkirk   $ 244,520.00   $ 286,330.00   17.10   $ 1,100.00
                               
MB   Winkler   Winkler   $ 226,580.00   $ 280,910.00   23.98   $ 1,000.00
                               
MB   Winnipeg   Broadway and The Forks   $ 247,460.00   $ 380,050.00   53.58   $ 1,700.00
                               
NB   Grand Bay-Westfield   Grand Bay-Westfield   $ 206,610.00   $ 216,090.00   4.59   $ 1,100.00
                               
NB   Moncton   Old West End Moncton   $ 156,520.00   $ 180,000.00   15.00   $ 3,200.00
                               
NB   Rothesay   Rothesay   $ 193,480.00   $ 318,230.00   64.48   $ 1,200.00
                               
NFL   Conception Bay   Conception Bay South   $ 265,220.00   $ 292,900.00   10.44   $ 1,100.00
                               
NFL   Portugal Cove-St. Philip's   Portugal Cove-St. Philip's   $ 324,780.00   $ 397,590.00   22.42   $ 2,400.00
                               
NFL   St. John's   Downtown St. John's   $ 311,280.00   $ 345,930.00   11.13   $ 2,100.00
                               
NS   Halifax   Bedford   $ 311,350.00   $ 328,670.00   5.56   $ 2,000.00
                               
NS   Halifax   Central Halifax   $ 367,510.00   $ 402,260.00   9.46   $ 7,500.00
                               
NS   Halifax   Dartmouth   $ 252,980.00   $ 314,830.00   24.45   $ 1,500.00
                               
NS   Halifax   Harrietsfield   $ 253,970.00   $ 282,010.00   11.04   $ 1,200.00
                               
ON   Arnprior   Arnprior   $ 256,680.00   $ 277,170.00   7.98   $ 1,400.00
                               
ON   Aurora   Aurora   $ 514,525.00   $ 531,260.00   3.25   $ 2,000.00
                               
ON   Aylmer   Aylmer   $ 204,050.00   $ 245,220.00   20.18   $ 1,000.00
                               
ON   Bradford-West Gwillimbury   East Bradford   $ 400,440.00   $ 413,640.00   3.30   $ 2,900.00
                               
ON   Brampton   Northwood Park   $ 401,940.00   $ 428,070.00   6.50   $ 1,600.00
                               
ON   Burlington   Burlington North   $ 421,070.00   $ 484,640.00   15.10   $ 2,800.00
                               
ON   Burlington   Burlington South   $ 343,940.00   $ 387,530.00   12.67   $ 2,800.00
                               
ON   Clarington   Bowmanville West   $ 277,950.00   $ 308,940.00   11.15   $ 1,500.00
                               
ON   Clarington   Courtice   $ 314,300.00   $ 326,110.00   3.76   $ 1,200.00
                               
ON   Georgina   Keswick   $ 321,360.00   $ 340,950.00   6.10   $ 1,500.00
                               
ON   Greater Sudbury   New Sudbury   $ 247,480.00   $ 264,460.00   6.86   $ 3,000.00
                               
ON   Guelph   Guelph Northwest   $ 292,380.00   $ 337,800.00   15.53   $ 1,800.00
                               
ON   Halton Hills   Acton   $ 396,390.00   $ 436,690.00   10.17   $ 2,000.00
                               
ON   Hamilton   Confederation Park   $ 359,025.00   $ 382,362.00   6.50   $ 1,250.00
                               
ON   Hamilton   West Stoney Creek   $ 278,440.00   $ 318,700.00   14.46   $ 1,800.00
                               
ON   Hamilton   Dundas   $ 386,800.00   $ 403,360.00   4.28   $ 3,000.00
                               
ON   Innisfil   Innisfil   $ 305,590.00   $ 326,170.00   6.73   $ 1,200.00
                               
ON   Kenora   Kenora   $ 155,200.00   $ 185,290.00   19.39   $ 2,000.00
                               
ON   Kincardine   Kincardine   $ 246,810.00   $ 292,920.00   18.68   $ 1,100.00
                               
ON   Kingston   Westbrook   $ 323,420.00   $ 346,230.00   7.05   $ 1,200.00
                               
ON   Kitchener   Doon   $ 408,100.00   $ 458,550.00   12.36   $ 1,800.00
                               
ON   London   Old North Area   $ 375,670.00   $ 414,880.00   10.44   $ 1,800.00
                               
ON   Markham   Thornhill East   $ 538,960.00   $ 589,350.00   9.35   $ 2,400.00
                               
ON   Mississauga   Malton   $ 340,580.00   $ 351,420.00   3.18   $ 1,500.00
                               
ON   Mississauga   Mississauga City Centre   $ 434,670.00   $ 464,880.00   6.95   $ 1,660.00
                               
ON   New Tecumseth   Alliston   $ 323,400.00   $ 343,950.00   6.35   $ 1,200.00
                               
ON   Newmarket   Newmarket Northeast   $ 397,540.00   $ 435,740.00   9.61   $ 2,400.00
                               
ON   Orangeville   Orangeville South   $ 356,030.00   $ 406,120.00   14.07   $ 5,200.00
                               
ON   Oshawa   Oshawa East   $ 341,200.00   $ 362,660.00   6.29   $ 1,800.00
                               
ON   Ottawa   Beaverbrook-South March   $ 340,280.00   $ 375,420.00   10.33   $ 2,200.00
                               
ON   Ottawa   Centretown   $ 339,350.00   $ 419,670.00   23.67   $ 1,500.00
                               
ON   Pickering   Central Pickering   $ 423,500.00   $ 444,000.00   4.84   $ 1,500.00
                               
ON   Scugog   Port Perry   $ 383,090.00   $ 421,780.00   10.10   $ 1,300.00
                               
ON   Thunder Bay   Thunder Bay North   $ 304,730.00   $ 338,070.00   10.94   $ 1,300.00
                               
ON   Toronto   Agincourt   $ 412,450.00   $ 420,090.00   1.85   $ 1,800.00
                               
ON   Toronto   Eringate-Bloordale Gardens   $ 427,940.00   $ 494,100.00   15.46   $ 2,200.00
                               
ON   Toronto   Guildwood   $ 397,620.00   $ 421,290.00   5.95   $ 1,500.00
                               
ON   Toronto   High Park   $ 518,940.00   $ 560,330.00   7.98   $ 5,400.00
                               
ON   Toronto   Humberwood   $ 361,080.00   $ 387,690.00   7.37   $ 2,500.00
                               
ON   Toronto   Mimico   $ 401,630.00   $ 459,360.00   14.37   $ 1,800.00
                               
ON   Toronto   The Junction   $ 381,110.00   $ 419,480.00   10.07   $ 1,500.00
                               
ON   Toronto   Weston Village   $ 414,270.00   $ 436,480.00   5.36   $ 1,600.00
                               
ON   Toronto   Woodbine Heights   $ 463,220.00   $ 502,720.00   8.53   $ 2,400.00
                               
ON   Uxbridge   Uxbridge   $ 483,540.00   $ 524,180.00   8.40   $ 1,500.00
                               
ON   Vaughan   Patterson   $ 621,000.00   $ 651,750.00   4.95   $ 2,400.00
                               
ON   Whitby   Whitby North   $ 441,920.00   $ 467,950.00   5.89   $ 1,600.00
                               
ON   Woolwich   Woolwich Township   $ 313,310.00   $ 313,560.00   0.08   $ 1,800.00
                               
PEI   Stratford   Stratford   $ 299,870.00   $ 323,030.00   7.72   $ 1,750.00
                               
QC   Boisbriand   Sainte-Thérèse   $ 273,090.00   $ 320,740.00   17.45   $ 1,200.00
                               
QC   Brossard   Brossard South   $ 323,620.00   $ 337,730.00   4.36   $ 2,300.00
                               
QC   Dollard-Des Ormeaux   Dollard-Des Ormeaux Southwest   $ 346,920.00   $ 380,750.00   9.75   $ 3,500.00
                               
QC   Laval   Chomedy Northwest   $ 304,990.00   $ 315,750.00   3.53   $ 1,200.00
                               
QC   Laval   Saint-Vincent-de-Paul   $ 301,500.00   $ 343,790.00   14.03   $ 3,000.00
                               
QC   Longueuil   Longueuil North   $ 326,070.00   $ 342,020.00   4.89   $ 6,800.00
                               
QC   Montréal   Central Saint-Laurent   $ 432,570.00   $ 527,240.00   21.89   $ 4,000.00
                               
QC   Montréal   Mercier-Ouest   $ 424,320.00   $ 491,350.00   15.80   $ 3,900.00
                               
QC   Montréal   Pointe-Saint-Charles   $ 354,930.00   $ 403,320.00   13.63   $ 4,250.00
                               
QC   Montréal   Sainte-Geneviève-Pierrefonds   $ 348,690.00   $ 377,630.00   8.30   $ 1,500.00
                               
QC   Montréal   Saint-Henri   $ 296,940.00   $ 319,740.00   7.68   $ 2,400.00
                               
QC   Montréal   Saint-Laurent East   $ 467,810.00   $ 521,500.00   11.48   $ 3,800.00
                               
QC   Québec   Quebec City East   $ 332,620.00   $ 364,990.00   9.73   $ 1,181.00
                               
QC   Québec   Sainte-Foy   $ 331,180.00   $ 358,350.00   8.20   $ 1,200.00
                               
QC   Trois-Rivières   Cap-de-la-Madeleine Ouest   $ 195,230.00   $ 231,040.00   18.34   $ 600.00
                               
SK   Regina   Central Regina   $ 256,810.00   $ 301,660.00   17.46   $ 2,100.00
                               
SK   Saskatoon   East Central Saskatoon   $ 325,720.00   $ 360,900.00   10.80   $ 2,000.00
                               
SK   Swift Current   Swift Current   $ 225,370.00   $ 258,290.00   14.61   $ 1,350.00
                               

Data Source: Canadian Real Estate Wealth Magazine

About Verico Financial Group Inc.

Verico Financial Group is Canada's largest network of independent mortgage brokers comprising of over 190 offices with over 2400 brokers who originate over 12 billion dollars in annual loan volume. Our brokers collectively originate approximately 45,000+ mortgage transactions per year.

VERICO is comprised of the top professional and influential mortgage companies and originators in the country. 

The VERICO Mortgage Broker Network prides itself on our core pillars of excellence, professionalism and ethical standards; as a result, we have earned a reputation that is coveted in the industry.

For mortgage help, contact a VERICO mortgage broker near you. www.verico.ca.

About the RE/MAX Network

RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording RE/MAX agents and franchisees the flexibility to operate their businesses with great independence. With over 90,000 agents and a global reach of more than 90 countries, RE/MAX is recognized as one of the world's leading franchisors of real estate brokerage services.

With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $53 million for Children's Miracle Network Hospitals®,Canadian Breast Cancer Foundation and other charities.

For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.ca

About Canadian Real Estate Wealth

Canadian Real Estate Wealth magazine is Canada's only monthly publication dedicated to Canadian real estate investors. It is designed to offer readers the kind of accurate, cutting-edge information needed to guide their investment decisions and help them build wealth through real estate.

The following files are available for download:

Contact Information

  • NOTE: Please contact Pin Luk or David Geraghty for interview requests.

    Media Contact:
    Pin Luk
    Marketing Communications Manager
    Verico Financial Group
    Phone: 604.681.6155 ext 230
    Email: pin.luk@verico.ca

    Media Contact:
    David Geraghty
    Communications Coordinator
    RE/MAX of Western Canada
    Phone: 250.712.0037
    Email: davidg@remax.ca