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Demand for luxury homes in Canada intensifies amid rising global wealth - 2 June 2011

According to a recent report by RE/MAX, one of North America’s leading Real Estate Agencies, luxury house sales in Canada have surged in close to two-thirds of the market between January 1 and April 30 of this year, compared to the same period in 2010.

While the majority of regions reported that locals were the primary drivers of demand for luxury product, foreign investment has also augmented sales activity in several Canadian markets. A number of factors position Canada as an attractive option for international investors, foremost that its real estate remains a bargain by international standards, given its ranking for quality of life, political and economic stability and the strength of its property laws. To those from abroad, it’s the perfect mix.

The financial status and number of millionaires is rising once again. While estimates vary, recent studies have concluded that the high net worth population in Canada and/or abroad is trending upward and will experience considerable expansion moving forward. Of particular interest, residential real estate holdings have increased among high net worth individuals, as they express a clear preference for tangible assets. This trend is expected to continue, and serve to boost high-end residential real estate in months ahead, as the move to diversify assets continues in 2011.

As Canada’s millionaire club swells in size, inventory will play an increasing role in future, particularly in Canada’s gateway centres - news which is very welcome to Landcorp International, European marketing agent for luxury lifestyle resort Forest Lakes Country Club located in the maritime province of Nova Scotia.

Set amidst a beautiful 1000+ acre site with extensive natural forests, Forest Lakes will offer a magical blend of idyllic natural surroundings combined with the luxury of a premier resort community. It will also boast a golf course designed by world renowned Nicklaus Design, the resort will be an attraction for locals and tourists in Nova Scotia alike.

Landcorp International is currently introducing investors to the opportunity to invest in Forest Lakes Country Club from £20,000 with predicted returns by the Developer of 100%+ once planning permission is achieved.

Click here to download a comprehensive investment brochure and a complimentary guide to investing in Canada.

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