British overseas investors continue to be drawn to Canada according to Undiscovered International Property, which today announces the launch of Eagles Ridge Resort, an exclusive property development in the Laurentians, Quebec.
Canada is now the fourth most popular destination for overseas property purchasing Brits, up two places from last year. Canada offers a quality of life unsurpassed by other developed countries. It was recently voted the ‘best place to live’ out of the G8 countries by the United Nations and is attracting over 5,000 new Britons as permanent residents every year.
Eagles Ridge is situated near the internationally-renowned Mont Tremblant region - Eastern Canada’s number one ski resort. The development spans 1,800 acres of rolling hill woodland surrounding five freshwater lakes, and will offer 400 three- and five-bedroom prestige properties, each commanding a plot of 1.5 – 5 acres of land. Eagles Ridge, Tremblant Lakes is also set to become the lowest density project in the Laurentians region.
Undiscovered International Property specialises in projects that create luxurious properties in spectacular regions. With Eagles Ridge, they are creating a resort that offers 10 unique styles of home in traditional log cabin and grand weatherboard styles; built from sustainable timber sources, using dead-standing forestry logs to minimise eco-effects.
Eagles Ridge will be a luxury resort of classic North American design featuring a 75-bedroom boutique hotel, a designer 18-hole golf course by renowned golf course architect Graham Cooke. There will also be self contained facilities that include a grocery store, boating club, equestrian centre, gymnasium, swimming pool and restaurant.
Canada’s position as a stable property market is reflected in 12% year-on-year property inflation growth. The currency exchange is also strong, with the Canadian Dollar currently standing at $2.14 to the pound.
A very limited release of the first Eagles Ridge properties will be available in autumn 2007, with the full complex completed by 2012. Properties will start from £267,000, with a proportion of the development offered on a fractional investment option, typically quarters, starting from just £80,000. All ownerships will be on a freehold basis
“Canada is an attractive destination to the British investor and those seeking a better lifestyle,” comments John Prior, Director, Undiscovered International Property. “Breathtaking new developments, with favourable financial and fiscal factors, coupled with strong historic ties, mean the destination is set to become a fruitful market for British investors. Canada’s size and scenic diversity provides a dynamic property opportunity,” he says.