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The REMA team is committed to finding for its diverse international real estate investors the best locations in North America to buy real estate investment properties. We strongly believe that Canada, which has the soundest financial system, strong economic fundamentals, and the most transparent property market in the world, is the best place in North America, and perhaps even the world, to buy real estate for investment purposes.
In this section, we give you more information about why Canada, and more specifically its Province of Quebec, is the safest place in the world to invest in real property. For the following reasons, all of our current investment real estate projects are located in the Province of Quebec, Canada.
This video has been made by the Canadian Government. We invite you to visit www.investincanada.com for more investment information.
The Province of Quebec
Geographic Location:
Canada, and its Province of Québec, has an ideal geographic location. Québec covers the surface area of some 1,700,000 km² and is three times as big as France and five times as large as Japan. Nearly 80 per cent of Quebecers live near the shores of the Saint Lawrence River.
With the United States as its next-door neighbor and Canada as a member of North American Free Trade Area (NAFTA), Québec boasts a free-trade market of more than 130 million consumers who are located within the radius of some 1,000 km. Québec’s biggest city, Montréal, is within the proximity of major North American urban centers, including New York, Boston, Philadelphia, Toronto, Detroit, and Chicago. The Saint Lawrence River, one of the world’s longest navigable waterways, spans Québec from the West to the East over 1,000 km before it enters into the Atlantic Ocean. Because of all this, Québec can offer the world’s exporters and importers easy access to the heart of North America.
Population and Cultural Diversity:
One of Québec’s main assets is the diversity of its cultural communities. Francophone, Anglophone, immigrant and First Nation communities live in Québec peacefully side by side. In fact, over one hundred different cultural communities cohabit in Québec. These communities speak more than 80 languages.
Québec’s culture reflects its citizens—Quebecers are varied, colorful, and original. From gourmet food to winter sports, and from film to music, Québec’s culture nurtures enough diversity to offer something for everyone.
Cost of Living and Quality of Life:
Québec is one of the best places in the world to live. Québec is credited with an exceptionally high quality of life, superb quality of services and environment, very low crime rates, and the highest-possible protection of fundamental rights. These, coupled with the Quebecers’ outstanding tolerance, make life in Québec good. The cost of living in Québec is among the lowest in the industrialized world. Health-care coverage is universal and the cost of education is among the most affordable in the world.
Business Environment:
In Québec, conditions for operating a company are the same whether the entrepreneur is from Québec or elsewhere. This makes a sizeable difference for immigrants who want to do business in Québec, because everyone is treated equally. Québec’s business environment is very dynamic. Thanks to its tax benefits advantages and the conditions governing the export of goods and services, Québec has diversified its markets and has enjoys international prestige in several leading sectors. Québec also has free trade agreements with important economic partners which help to position it favourably on the world stage. What’s more, Québec’s manpower expertise and qualification, as well as its corporate research and development network, are among the best in the world.
Taxation:
Québec’s tax system is one of the most competitive in North America. Low income tax rates foster the creation and operation of businesses in Québec. Canada’s and Québec’s tax systems enable foreign investors to take advantage of bilateral and multilateral agreements with several countries in order to avoid double taxation.
Sources: Quebec government website
Canada
Excellent Economic Fundamentals:
A Sound Forecast for Canada
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Canada’s federal government has made the right choices when times were good as is evidenced by its eleventh consecutive annual surplus in fiscal 2007-08.
However, in light of the current global economic downturn, Canada, in its latest budget, has deliberately chosen to run short-term deficits in order to stimulate its economy without putting the nation’s long-term prosperity at risk. Since 2004, Canada’s net debt-to-GDP ratio has been the lowest in the G-7 by a wide margin.
The government estimates that the current economic recession will end in the third quarter of 2009, sooner than in most developed nations.
Low Interest Rates
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Canada’s solid fiscal situation and low inflation has led to low interest rates.
The recent slump in interest rates in both Canada and the U.S. is the result of the world’s economic downturn that has prompted sharp reductions in interest rates in order to boost liquidity in the economy. Currently, the benchmark interest rate in Canada of 25 basis points is the lowest rate in recorded history.
Sources: Canada Government,
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