Tuesday, March 24, 2009

Canadian property 'fabulous value for money'

Property investment in Canada could see a rise in 2009 due to a combination of relative economic stability and natural allure.

According to the company behind one major real estate development in French-speaking Quebec, investors from the US and UK in particular could soon be flocking to the country, Homes Overseas reported.

Developer of the Rabaska resort, George Lathouras, told the website: "The eastern part of Canada, with its snowy peaks, winding rivers and lush forestry, represents fabulous value for the money."

Mr Lathouras also reassured investors that the economic situation in Canada was far milder than that seen in many of the world's other developed nations.

"Our economy cycle never swings as far up or down as the UK or USA," he added.

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