Some great ideas from the book Real Estate Investing in Canada by Don Campbell:
Increase in Average Incomes. If a town's average income is increasing, real estate will do the same. RBC produces a quarterly report analyzing
affordability of housing specific markets across the country. As a rule of thumb, a well-balanced market for
investors has a Housing Affordability Index of about 33%. That means that it
takes 33% of pre-tax income to pay for a median piece of property.
Increase In-Migration and Demand. Areas where the population is growing faster and
are gaining a reputation as a great place to live.
Jobs. Strong growth in new industries and jobs. This will make average incomes to increase and more people moving into the city/province.
Local, Regional and Provincial Political Climate. Look for business friendly environment with minimal
taxation (both income and property) and with a fair landlord and tenant law
Transportation Expansion. Distance is not longer measured in kilometers but in minutes.
Ripple Effect. In real estate, when a specific market has a
boom, the surrounding areas follow, but often not at the same rate.
Follow the Real Estate Investment Network "Success Formula":
REIN Success Formula