Reasons to Invest in Regina Real Estate
Are you looking to invest in the Regina real estate market for the first time?
The stability of real estate has made it a premium source for passive income over the decades. Millionaires all over the world can attest to this. The good thing is you can join this A-list crowd with a smart investment in real estate.
There are a number of investment options in the market, from listed stocks to mutual funds to bonds. Real estate towers above them all in terms of the security and safety of your initial capital. This is due to a number of reasons, which is why we at Leenan Properties have put together this article and the below video, so landlords and potential investors understand why they should invest in Regina real estate.
Firstly, real estate is less volatile to shocks in the economy than financial investment options. This is attributed to real estate’s illiquidity. Secondly, as population and demand increases, your property tends to appreciate in value. This is provided that you were smart in the choice of location.
Have you owned a rental property before? If so, you have at least gotten your feet wet. While you might have an idea about property ownership, investing is a whole different ball game. There are a number of legal obligations and ramifications that come with entering into a landlord/tenant relationship.
Choosing an investment property from the available new listings might look like a pretty straightforward option, but we can assure you that it’s not. Like other every housing market in the world, the Regina real estate market is quite dynamic. You will need a trained and experienced real estate expert to help you navigate active listings before you buy a property.
Leenan Property Management is a market leader in Regina real estate. Over the years, we’ve grown our brand through quality and professional service. As an investor, you can trust us to help you make a smart investment in Saskatchewan.
Why You Should Invest in Regina Saskatchewan Rental Properties
Located in southern Saskatchewan, Regina serves as a hub for commercial and cultural activities. It’s also the second-largest city in the province and is dubbed by locals as “the Queen City.”
For those reasons, investors are flocking to Regina and take advantage of the situation. Not only this but, as you will see, there are even more draws Regina provides to investors.
Cultural and Recreational Centre
In southern Saskatchewan, Regina is the number one choice for entertainment and recreation. The local government, together with private investors, has gone to great lengths to provide numerous activities spread throughout the city. You can expect to see big festivals and events during the various holidays of the year.
Sports fanatics are also well-represented. Regina is home to the Saskatchewan Roughriders CFL. The team’s fans customarily travel to town to watch the home games at Mosaic Stadium.
The vibrant recreation and cultural industry give real estate investors more options in terms of leasing. A landlord can choose to go the traditional route and offer long-term leases. On the other hand, they can also target short-term vacationers through online platforms such as Airbnb and Expedia.
Some of the highlights and attractions in Regina include the Government House, Wascana Centre, the Saskatchewan Science Centre, the Farmer’s Market and the Royal Saskatchewan Centre.
Transportation and Work Commutes
As a first time investor, you must note that not all your tenants will have private vehicles. They will rely on public transportation to move from point A to B. The availability and efficiency of transport options must also be something you take into account.
The city has a tried-and-tested public transit system that ferries millions of passengers throughout the year. Regina is also ideally located on the Trans-Canada Highway, allowing for easy movement to other provinces and cities. There is also the railway, offered mainly by two service providers: the Canadian National and the Canadian Pacific.
Economic Growth
The city, and the province at large, has been experiencing consistent, stable growth in its economy. The province has cemented its place as the breadbasket of the country, thanks to its ideal topography and climate. Regina Saskatchewan is a chief producer of gas, oil and potash, all of which fetch excellent prices on the market.
Many investors and companies have made moves into the city. Regina is now bustling with industries that deal with agriculture, mining and steel-related products. With an ever-improving economy, locals are enjoying the benefits in the form of employment. As such, professionals are also moving to Regina.
Another reason why businesses are moving to Regina is the price of doing business. As a province, Saskatchewan’s sales tax stands at 6%. This is one of the lowest in the country. Businesses in the East are being taxed much higher.
Combine all of these aspects, and property becomes a major opportunity. As a real estate investor, you can fill in the demand for housing for a great price. All these relocating people need a place to lay their heads at night.
House Affordability
A big concern for new real estate investors is the price. However, compared to the orthodox investment options such as Vancouver, Toronto and Mississauga, home prices in the Regina market are very affordable.
The affordability of housing regardless of the property type in this city is bound to change in the years to come. The stable economic growth and interest by investors and prospective homebuyers means that demand is increasing for a limited stock in property. The average price of real estate is bound to go only one way: up.
The Verdict: Why Purchase Regina Real Estate Investments
Investing in real estate offers you a chance to gain additional passive income from the comfort of your home. Depending on your investment goals, you can use your year over year growth build your portfolio, save for retirement or diversify your risks.
For investors looking for an ideal investment property in the Saskatchewan housing market, Regina’s favourable conditions should make it a premium choice. With this city's growing economy and relatively cheaper real estate options, now is definitely the time to invest in the southern Saskatchewan city.
As you build your portfolio, you might find yourself in a bind. Regina real estate is diverse and offers a variety of options. Choose the team at Leenan Property Management. The experienced personnel can help you make an informed choice and later on, assist you to maximize your rental income in the city of Regina.
