Canada’s Ocean Playground Tempts UK Investors

Canada has caused quite a stir in recent weeks with Canadian officials in the UK actively ‘touting’ for skilled British workers who may be tempted by a new life ‘over the pond’. This sustained positive approach to UK workers is likely to result in the biggest mass exodus from these shores since the days of the ‘ten pound poms’. However with 603,000 Brits already enjoying the Canadian lifestyle and benefiting from substantially reduced living costs, one can start to understand why Canada is so attractive to overseas property investors.

The recent downward spiral of the UK economy is undoubtedly why Canada has stepped up its bid to entice as many as 50,000 new residents, however with generous salaries, properties up to a third cheaper, offering considerably more square footage and the price of petrol at under 60p a litre, the benefits of living and investing there are plain to see.

Ailse MacFarlane Marketing Director of Landcorp International said, “Canada is still a land of opportunity and one which is becoming ever more popular particularly at this time of economic woe in so many other countries. Nova Scotia often referred to as ‘Canada’s Atlantic Playground’ and still with the Queen as its Head of State, is one region that is making its mark. Being just two hours from New York there is no shortage of footfall and at a time when the American markets are in freefall, Nova Scotia is an attractive proposition that looks set to capitalize on other countries’ misfortunes.”

Landcorp are currently marketing pre-development land in Nova Scotia in conjunction with Terra Firma Development Corporation Ltd.

Tasked with creating a sustainable development that integrates with the natural environment, Terra Firma has now released a limited amount of land from the 1,000 acres of stock that it holds in order to raise additional development capital to achieve planning permission for the luxury lifestyle resort ‘Forest Lakes Country Club’.

Ailse continues, “The land which now comes to the market has already being designated and zoned by the government as future development land. Planning permission is anticipated on being achieved by 2010, so any investor now purchasing either quarter or half acre plots should anticipate returns of between 100 – 150% with an exit strategy forecast for the end of 2010. Such are the potential levels of return on this investment that I doubt many other property or land investments come even close.”

Forest Lakes Country Club will boast numerous facilities including, 18 hole golf course, driving range, club house, lakes, water sports and a luxury boutique hotel to mention but a few. Prices for quarter acre plots start from just £8,875 with half acre plots starting from £17,750.

This opportunity qualifies for SIPP inclusion thus avoiding UK Capital Gains Tax as well as offering tax relief on contributions.

News submitted by Landcorp International