NS: Baddeck recognized nationally as top investment neighbourhood

Julie Collins
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The Cape Breton Post

Canadian Real Estate Wealth magazine’s top 100 report listed the Cape Breton village as strategically placed to take advantage of the tourist influx.

In this file photo taken in August, participants in the junior sailing program at the Bras d’Or Yacht Club in Baddeck prepare for a lesson. — Julie Collins, The Cape Breton Post

[BADDECK, NS] — The Village of Baddeck is listed as a neighbourhood to watch and one of the top 100 investment neighbourhoods across the country by Canadian Real Estate Wealth magazine.

Over six months an editorial team from the magazine used a host of statistics and industry analysis to form the top 100 neighbourhoods in which to invest, the most comprehensive list of its kind.

With the support of Re/Max and Verico Financial Services, the only national magazine for Canadian real estate has also looked to successful realtors, mortgage brokers and major investors in all 100 communities to validate the selections.

“This was more than a research project,” said Canadian Real Estate Wealth editor Nila Sweeney. “Our hope is that the top 100 will bolster Canadian confidence in the real estate market and portray the diversity of investment opportunities outside of our major cities, although they too are represented.”

The evaluation data included population, median price capital growth (12 months), vacancy rate, crime severity index, infrastructure and proximity to employment centres.

In the magazine’s top 100 report, it listed Cape Breton as a popular tourism destination that attracts hundreds of thousands of holiday-makers every year, and Baddeck as strategically placed to take advantage of the tourist influx.

“I’m very pleased to see that Baddeck was listed,” said Victoria County Warden Bruce Morrison. “Baddeck has always taken pride in being a safe, attractive, viable community.”

Morrison said this type of validation is welcome, especially in tough economic times.  

“Baddeck has always been recognized as a premier tourist destination. We have numerous attractions and there are many viewscapes that are second to none when it comes to the Bras d’Or Lakes.”

The results will hit the newstands on Oct. 22 in the magazine’s November issue.

Small town neighbourhoods in Ardrossan (AB), the Bowl District in Prince George, (BC), Valley View in Brandon (MB), and downtown central in Paradise (NL) were also recognized.

Canadian Real Estate Wealth magazine is Canada’s only monthly publication dedicated to Canadian real estate investors.

This special feature will also be presented live at the upcoming Canadian Real Estate Wealth Investor Forum in Vancouver on Nov. 17 and 18 at the Vancouver Convention Centre. Attendees to this conference will receive a free copy of the full report on the top 100 neighbourhoods.

 

 

Organizations: Canadian Real Estate Wealth magazine, Max and Verico Financial Services, Canadian Real Estate Wealth Investor Forum Vancouver Convention Centre

Geographic location: Baddeck, Cape Breton, Ardrossan Prince George Valley View Brandon Canada Vancouver

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  • no economy
    October 20, 2012 - 13:09

    It's just speculation being driven by the realtors hoping that more people will flip properties there so they can keep scraping the obscene 6% fees they garner. Reality is that Victoria County is in decline and has been for generations. Traditional resource industries in Cape Breton are on the way out and as Sydney and Port Hawkesbury go, so goes Baddeck.