With real estate a key economic driver for the province, British Columbia offers mortgage investors a compelling growth opportunity. The Greater Vancouver Area continues to be one of Canada’s most desirable housing markets due to its strong local economy, rapid population growth and highly valued neighbourhoods. The provincial capital of Victoria offers many of the same benefits, with homebuyers flocking to the region for its amenities and lifestyle options. Like many urban markets across the country, the city is focused on the development of all types of housing to meet demand, particularly given the outlook for strong population growth. While home sales and prices have dropped from the market’s February 2022 peak, there are early signs the market is stabilizing and set to rebound.

Ontario continues to offer mortgage investors a source of growth. Ottawa, the National Capital Region, is one of Canada’s most desirable housing markets due to its strong local economy, steady population growth and highly valued neighbourhoods. As the centre for government jobs, Ottawa’s housing market provides a haven during periods of economic or financial uncertainty. Optimism surrounding Ottawa real estate continues to grow as more buyers gravitate to the region from larger cities to secure more space and amenities.

Investing in Alberta’s mortgage market offers many opportunities for investors looking to generate steady returns in some of Canada’s most desirable cities. Calgary and Edmonton rank among the world’s most livable cities and are home to diverse local economies, strong population growth and a lower cost of living relative to other major metropolitan regions. A return to economic strength in the coming years is expected to boost Alberta’s housing market, including demand for private mortgages.