Is investing in Canadian ocean front property (Atlantic Canada) a Good or Bad Idea?

by M Hsu
(Toronto)

Hello

I am from Vancouver and am currently living in Toronto. I have seen the price of real estate sky rocket (4-5x) what the asking prices were 10 years ago in both markets. Now I am seeing the price of waterfront property in the Ontario cottage country doubling and tripling what it was 10 years ago as well.

What are your thoughts on oceanfront property in Atlantic Canada (primarily PEI). Do you see all oceanfront property becoming a premium asset in the future? If we invested I would be looking for something >10 acres, oceanfront and would plan to hold 15-20 years.

Looking forward to your thoughts!

Thanks

Comments for Is investing in Canadian ocean front property (Atlantic Canada) a Good or Bad Idea?

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Nov 07, 2012
RE: Is Investing In Canadian Oceanfront...
by: Tom Karadza

Hi and thanks for the question!

We own ocean front property ourselves (actually seaside property and it's way off in Croatia).

Because I don't know very much about PEI it's a difficult question for us. I would say that the fundamentals of PEI will have more impact on the property value out there than anything else. So if PEI is attracting more people (population growth) and is creating more jobs (higher income) and developing their infrastructure (roads etc.) then your property would be in a good position to grow in value.

I really wish we could offer more thoughts than just a generic answer like this....

We bought our seaside property knowing that it may not go up in value for many years. But that one day it will likely be a "premium asset" as the coastline slowly develops.

Tom.

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