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More apartments available at Canadian resort
03 April 2007
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After the successful first phase, Humber Valley Resort
in Newfoundland has released a further 28 apartments
and townhouses allowing more UK buyers to own property
at this award-winning Canadian resort.
Located at the heart of the resort near the Eagle’s
Perch clubhouse, the new apartments and townhouses have
been designed to fit with the natural surroundings and
overlook the 9th fairway of the 18-hole, par-72 championship
golf course.
The apartment complex will contain 18 units spread over
three blocks. Each fully-furnished apartment will measure
approximately 1,291 sq ft and feature two en-suite double
bedrooms, an open-plan kitchen and dining area opening
out onto a decking terrace.
The nearest airport, Deer Lake, is just over five hours
flying time from Gatwick. Then it’s an easy 20-minute
drive to Humber Valley Resort, making ski weekends just
as accessible as many European resorts. With two flights
a week (Fridays and Tuesdays), Newfoundland can now
be firmly considered a long-weekend destination.
A two-bedroom apartment can be purchased from CDN$475,000
(approx. UK£208,397) and townhouses start at CDN$575,000
(approx. UK£252,271).
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Could
Canada be the next big thing in overseas investment?
05 Jan 2007 |
Property
investment company, Assetz, certainly thinks so and
they have just launched a new Assetz Canada division
as proof.
So what's so special about Canada? Well, it's been voted
best place to live by the United Nations for several
consecutive years, which is quite a recommendation.
It has the longest coastline in the world, is well known
for its excellent ski facilities, and is starting to
be recognised as a fine golfing location.
And for property investors, this country has a lot going
on, too. Canada's interest rate is six per cent and
mortgages are available for 0.85 per cent or more under
this which means investors can secure a mortgage rate
for as low as 5.15 per cent.
And, even for non-residents, mortgages are available
for at least 65 per cent of the purchase price of a
property. Martin Sadler, Sales Manager of Assetz International,
comments:
"With one of the longest ski seasons in the world
and a wide and varied range of summer activities, Canada
is truly a year-round global destination.
"Prices are still considerably cheaper than in
most other mature markets, with a typical one-bedroom
ski apartment costing around £150,000.
"Strong capital gains, low interest rates and growing
demand from the British holiday market are ensuring
Canada makes an impact on British investors looking
for affordable growth property."
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