Purchasing real estate in Canada is not only a profitable investment, but also an opportunity to start the naturalization process, allowing you to obtain Canadian citizenship in 4 years.
There are 3 main types of Canadian real estate, each of which has its own subcategories:
- Commercial real estate — retail premises, offices, industrial buildings, multi-family houses.
- Residential real estate — single-family house, seasonal rental, small multi-family housing, Fix and Flip (real estate for resale), rent housing “under section 8”.
- Land — a plot for commercial development, a territory for residential construction, an allotment for agriculture, a plot for mining.
It is profitable to buy land in Canada: the acquisition of agricultural allotments is often a great way to buy a lot of land and at the same time receive income in the form of payment for the use of the plot from the farmer.
There are also tax benefits from the government for farming. Entrepreneurs engaged in agriculture, when paying taxes, have the right to average income over a five-year period in order to protect their business from sharp fluctuations in income.
