Best Place to Buy Land in Canada

Where should I buy land in Canada?

As land experts, this question comes up often! Where should I buy land in Canada? The real question is, where can you afford to buy land in Canada? I will try to answer this question to the best of my abilities while wearing my investor’s hat.

Investing in land may seem a stretch to most due to the current market value. Ontario’s going rate for a single 1acre lot is about $1m, if its on the water, forget it! Even Quebec has seen fantastic growth year over year, making certain lots out of reach, unless you want to live in the boonies.

Verdict

Therefore, I truly believe that Nova Scotia is the top province to buy land, and here’s why. In 2021 alone, the province experienced an increase of over 12% growth across all land types (Farm, vacant, residential, commercial). Nova Scotia is still considered extremely affordable compared to British Columbia and Ontario.

The possibility to purchase a 2.5-acre waterfront lot for $120-150K is still very possible in Nova Scotia, whereas this would cost millions in Ontario and British Columbia. West shorelines of Canada have topped millions, central Canada has also hit its wild prices, well where does that leave us? East, we need to go east!

Another important fact that makes Nova Scotia the best province to buy land is that they’ve recently hit a milestone of 1 million in population! They’re the first Atlantic province to hit that milestone, this just goes to show people are there to stay and not just to vacation! With the influx of new residents comes a need for services both professionally and retail. I strongly project a boom in franchises in Nova Scotia. There’s a missing presence from a lot of big names across the province all I can see is an opportunity and exponential growth.

The majority of our customers are from Ontario, many returning to what was once called home and many are just tired of the insane housing prices and living costs. The word is slowly spreading, and investors are starting to point towards Nova Scotia, it’s becoming a hot topic! Endless views, surrounded by the Ocean, it’s an underrated and untapped province with an abundance of upside. You’re either in or out, don’t miss out!