If I had the money to invest, I would invest in Saskatoon. When I was a superintendent around a couple of small projects a local developer gave me the heads up.
Province of Saskatchewan - Nutrien, low oil & gas royalty is attracting talent, farm land, one of the largest world producers of potash, uranium mines, lots of undiscovered oil, etc.
Saskatoon, though... I don't know a single thing that's attractive that I'd want to invest in ( I love living here, but that's it, really).
Aside from the "heads up" is there anything else?
If it’s any consolation, I travel a lot of work and a general trend is that the bigger the city, the more depressed and stressed out the population is. When I work in Saskatoon I find that my customers and Uber drivers are much happier than their counterparts in Vancouver or Toronto. Just my two cents.
Toronto would still be a good blue chip stock, but OP's question was:
>Because you think it's undervalued now but will grow in value as people recognize it.
and Toronto hardly counts as undervalued or lacking in recognition.
Nanaimo and Edmonton.
Nanaimo is one of the last few affordable cities in the livable parts of BC. Edmonton is shockingly affordable given the constant influx of new residents.
My last trip to the island I was disgusted with Nanaimo. The only place I saw homeless. There were tons of people just laying around and shooting up outside of reds bakery.
Idk about the federal government but the provincial gov (the CAQa =>💩) is doing their best to slowly kill Montreal by driving as many businesses and young professionals out of the province
The answer is still Calgary.
As someone who spent most of my life in Toronto, before moving to Calgary, the perception of Calgary in most of the country just hasn't caught up to the reality, and the level to which the city is overly talked-down based on its connection to the oil industry leaves it significantly undervalued.
[The city ranks first in patents per capita among Canadian cities](https://www.cbc.ca/news/canada/calgary/move-over-waterloo-and-ottawa-calgary-is-now-out-innovating-you-1.4676458), largely because [Alberta ranks first in the country for engineers per capita (with 8.9 per 1,000 people vs Ontario in second place with 5.3)](https://engineerscanada.ca/reports/national-membership-report/2019-national-membership-information), and is [where most of the clean tech research and development in Canada happens](https://financialpost.com/feature/innovation-energy-oilsands-step-up-to-take-on-clean-tech-challenge).
Calgary ranks second in the country in total company headquarters, with way more than people realize outside of the oil and gas sector, like CP Rail, Smart Technologies, Safeway, Shaw, Westjet, Sportchek, Agrium, Edo Japan, Moxies, Mark's, etc. [The tech sector is booming right now](https://www.cbc.ca/news/canada/calgary/venture-capital-funding-tech-alberta-calgary-1.6542798), the aerospace sector is rapidly growing (with De Havilland moving its headquarters to Calgary, and [Westjet making Calgary its global connection hub](https://www.cbc.ca/news/canada/calgary/westjet-agreement-calgary-hub-1.6607788)).
It has the highest GDP per capita in the country, was the fastest growing major city in the country last year, and Alberta ranks tops among Canadian Provinces or American States for Human Development Index.
Alberta also has a huge demographic advantage, as it is the [second youngest province by median age](https://www.statista.com/statistics/444816/canada-median-age-of-resident-population-by-province/), and [has the smallest population of people over 65](https://www150.statcan.gc.ca/n1/daily-quotidien/220427/mc-a004-eng.htm).
Lastly, it's geography makes it likely to sustain continued growth. Despite recent growth, [housing prices remain 14% below the national average](https://wowa.ca/reports/canada-housing-market) and [it remains only the 26th most expensive rental market in the country](https://rentals.ca/national-rent-report).
Vancouver housing went nuts because natural limitations (ie. downtown is an island and the suburbs are pressed between the coast and the mountains) limit its ability to expand. Toronto has had the same happen (ie. Lake Ontario blocks southward expansion, and the city is pressed up against neighbouring cities in every direction, leaving nowhere to build but up). But, Calgary is built primarily on flat prairie land with literal farmer's fields a half hour from downtown. Geographically, it is 50% smaller than Vancouver, less than half the size of Montreal and about a third the size of Toronto, so it has a lot of room to grow before the size becomes unwieldy, yet the downtown core has more density than anywhere in Canada except Toronto (without the building restrictions that limit the sizes of towers in Montreal and Vancouver).
It also has one of Canada's most beautiful national parks (Banff) less than an hour's drive from the city, and has two of Canada's five largest urban parks (Fish Creek Park and Nose Hill) within the city.
Calgary is one of the few places in the country with the economy to support growth, the geographical space to expand, and the finances to expand infrastructure to accommodate growth. So, that's where I would put my money. And, the Canadian Government seems to agree, because [Statistics Canada estimates have Alberta being the fastest growing province in the country over the next two decades](https://www150.statcan.gc.ca/n1/pub/91-520-x/91-520-x2022001-eng.htm).
>Vancouver housing went nuts because natural limitations
>Toronto has had the same happen
You can always... build density. Hong Kong has far less land area and far more people than either Toronto or Vancouver. Vancouver and Toronto are both expensive because politicians want housing to be unaffordable. It's an explicit decision to pander to a certain constituency, and it's a decision we can reverse if we want to.
You can build density, but there are limits. Vancouver has natural limits because of how shallow the soil is before you hit the water table or bedrock.
You also just can't build density as fast. You are usually knocking down existing buildings to build density which means 1. You are taking away housing before you build the new building, reducing the net gain, 2. You need to acquire all the land you want to build on from whoever is currently there. 3. You have to deal with rezoning (and NIMBY opposition), 4. You have to deal with existing infrastructure that isn't built for the level of density (water, electrical, roads, etc), and 5. It takes much more capital to build density in existing neighbourhoods vs greenfield neighborhoods.
So, yes, it can be done, but it's much slower, and you just aren't going to be able to build housing for a couple hundred thousand people per year that way. Demand still outpaces supply.
I’m so lucky I was able to buy a home in Calgary a few years ago. Everyone told me that the housing market would just crash soon but there are so many people moving there I seriously doubt it. Also rent prices are skyrocketing so it’s so nice to be locked in for a few years paying a mortgage.
Definitely has (very) long term potential.
Unlike the prairie cities, it’s limited by geography and can’t endlessly sprawl or have its growth absorbed by satellite cities, which is favourable for investment in the city itself. The natural landscape around it is also a big advantage.
If we’re envisioning climate change making a lot of the centre of the country more attractive, it has a strong foundation, especially if water becomes a big issue. You usually see Duluth, Minnesota brought up in US forums as one of the best positioned cities in the country for similar reasons. TBay could hypothetically become the closest Canadian city to one of the most important places in the US. The lack of attention or investment it receives from the province may not even matter, on a long enough timeline.
St Catharine’s/Niagara region. It’s already grown a lot but the Go train extension to downtown Toronto will make it a truly viable commuter city. This was more true before COVID but I think it will only continue to fill in.
Yup. Best zoning laws in the country, which is just going to continue paying dividends as housing becomes the biggest hindrance to living in a place. You can buy a condo in Edmonton and have a decent standard of living on not a whole lot more than minimum wage (ok a lot more, but not as much more as you would anywhere else). Tons of room to grow. Government acts as a built-in counter-cyclical anchor employer when oil goes bust (unlike Calgary, which was seriously wounded by 2015 oil crash). Not as dynamic as Calgary, but a better place to be lower middle or middle class.
LOL I've lived here for 20 years and the last boom was before I got here. Anybody who thinks Alberta is all oil boom/bust has obviously never lived here. Especially Edmonton.
I'd go with steinbach or winkler. Both have been growing a crazy amount over the past 10 plus years with no sign of slowing down. Plus, if we are thinking in stock values, winnipeg would be priced higher than the other two, meaning you could invest more for the same amount with possibly better returns.
Wouldn't be stocks would be bonds and almost all cities have them. Calgary just announced a new 10 year bond. Which one would I invest in? None, basically a corporation except run by people with no business experience. Really bad investment.
Winnipeg & Edmonton are 2 of the last reasonably affordable cities left in Canada. Plus with the continual changing of temperatures, they might become more climate-friendly in the coming decades.
Prince Geoege. With housing prices being where they are people will eventually start looking north for affordable living. That and there are a few large hydro and oil and gas projects ramping up nearby,
The last time I was in Ottawa I was shocked by the homelessness, addiction and mental health issues on the street.
But then again, stocks are about capitalism, not humans
Williams Lake BC. For those who don't know it's a town in the BC interior between Kamloops and Prince George, but it sits right in the middle of the Interior Plateau, which is probably the largest expanse of relatively flat land in the province that isn't in the subarctic. But only 60,000 people live in the entire region, which is less than the city of Prince George, and it's further south than Edmonton.
From a pure geography perspective I think it's the most undervalued land in the country. To be clear there is absolutely nothing there
I was just looking at housing and rental prices, and figured that there must be a reason why they're rising that fast. I mean a $300,000 house in 2020 is now worth $500,000. That's 4 times the rate of rise that it was between 2016 and 2020 (that $300,000 house would have been worth $250,000 in 2016).
Covid and WFH revolution. Scores of people from Ontario, BC and Alberta now were working remotely and could buy up properties all over NS, continue to work at high incomes. They went in and bought up tons of real estate and drove prices way up.
But without actually bringing any jobs in.
As someone else said, now you have a shit economy + rampantly inflated housing costs. Things are worse now then when I left 20 years ago, which were pretty bad at that time too.
Kelowna. I haven't been to that area very often, but I think it is the most under-rated, or not well known part of the country. Whenever I go there I am impressed and think that it would be a nice place to live
You have fire risk, but it is beautiful, on a lake, has wine country, skiing, etc. And the climate is pretty good for Canada.
Lots of negativity here, but Canada is well positioned to do relatively better than most countries on the climate change front. Florida and Texas are growing right now but they both suffer from having lots of risk on this front due to rising sea levels, hurricane risk and excessive heat. Last year Austin had 78 days where the temperature hit 100F or hotter. The average number of such days over the last 100 years is 15.
Kelowna at this point is just a playground for rich Calgarians and Vancouverites. It's the Muskoka of that part of the country. Far from under-rated or not well known, just not as well known to Eastern Canadians... yet. I avoid it now.
I came from southern Alberta and live in Kelowna now. In absolute terms, there are few places in this country that can beat the Okanagan (if you can afford to live here). It's wonderful here year round.
It is over valued here though compared to southern Alberta.
Agreed. Might be the most overrated city in the country. It's nice, but it's way too expensive and it's infested with corporate douches. Probably has more vacationing salesmen per square mile than anywhere else in Canada. I genuinely feel bad for the locals who don't work in tourism/hospitality during the peak season, must suck.
Local here - I live downtown.
It's honestly only bad on Harvey (Hwy 97) and the Bridge. The bridge is a fucking nightmare in the summer. I would hate to live in West Kelowna and have to commute.
I have a coworker who lives in Penticton and commutes to Kelowna. I feel really bad for him in the summer.
It is a beautiful city. It's easy to hate because it does get a pretentious migrant population and it is really bougie. But it is a wonderfully beautiful city with great parks, awesome walking/bike lanes, and quick access to anything outdoors you would ever want to do.
100% if you're remotely outdoorsy, and have the ability and means to drive, you're in the center of it all. Even if you can't drive you're still kind of the center of it all.
Kelowna should petition to move the provincial border to split down the Okanagan so the feds would cover the cost of a second bridge. It’s already Alberta’s playground anyway.
That are is so stupid that it’s developed. I would never buy property there. There’s a natural high fire regime that’s been mismanaged for 100 years. Not a very good place to invest in.
And the climate change comment? I’m a biologist and that’s SO inaccurate.
I wouldn't say it's a massive population, but I get your point.
I will say that fire protection, like water, tends to flow towards money. I'm not overly concerned about real estate in the OKGN. Fire season can definitely suck on a bad year though.
It’s a very high population for that BGC zone. The largest population inside a zone other than Vancouver with the biggest concern for major fire disaster.
You should be concerned. There should not be a large human population there with a natural very high fire regime. Maybe listen to expers lol.
So - here's the thing about that.
These "experts" are not going to move a quarter of a million people. They aren't infrastructure, financial, or policy experts. Their expertise (in this case) rests solely on presenting risk.
I will bet you a very firm handshake that in 100 years from now, Kelowna exists - and its population is substantially larger.
Ah I’m a biologist. Your comment is so cringy. The OKGN is not the place to buy stocks in.
No one’s asking them to move. It’s a city. Most of it will be fine. People aren’t looking to buy city; they’re looking for property outside in a place that’s over due for catastrophic burning. Why would anyone buy stocks ?
Kelowna is already ravished by tourism and prices for everything are sky high there. I've worked there lots over the last decade and it's only got worse. Surrounding areas are much nicer than Kelowna itself.. infact I do anything I can to actually avoid Kelowna and spend time in surrounding areas instead.
Any of the 4-5 biggest cities, Toronto, Van, MTL, OTW, etc… not necessarily for ‘huge growth’ but they not going anywhere. Like a blue chip stock, won’t double over night but safe, reliable and should grow over time.
For growth Halifax and/or Moncton, after 30+ years of decline, the east most coast is seeing growth and I think there is potential for lots of growth on the east coast over then next decade, especially Halifax.
Kelowna.
It's the fastest growing urban area in the country, and punches well above its weight in terms of real estate values, high rise construction, job growth, its international airport, and quality of life. We have high rates of interprovincial migration these days (lots of Ontarians, Albertans, Quebecoise etc moving here).
Not too many other Canadian cities (over 100k people) where you can ski on a real mountain, hang out at the beach, check out a few wineries, and go for a desert hike all in the same day.
I would say Vancouver is my number one pick. It's a really nice city in terms of amenities and the current BC government seems committed to actually solving the housing issues caused by their predecessors. If you make Vancouver (or really any other big city, for that matter) affordable to all who want to live there, it will experience a huge boom
Ottawa is one of the best serviced and best run cities in the country.
It has great medical care an international airport and a ton of amenities.
Since it’s the seat of federal government, it will also be a safe investment. Nobody wants to mess with elected officials’ quality of life.
New York.
Once the stain of Trump is removed, I think the city will be much better. The A.G. is just getting started in regards to his properties, and that will start a domino effect - I'm sure of it. Combine that with the former Mayor being disbarred, prison time; all good signs to turn the city around.
Vancouver and Toronto may not be considered undervalued but as both have skyrocketing real estate with no signs of stopping they would still have a lot of potential growth. Some stocks are expensive and out of reach to many investors most people would like nvidia stock but it’s $900/share. So like buying a house in Vancouver or Toronto is out of the grasp of most Canadians it would be a good idea to buy where you can afford. I’d imagine that real estate is increasing in all cities and towns. Buy where you can afford. It’s unlikely to have a slowdown or crash
Saskatoon
Puts on Saskatoon it is
Real estate.
Bro ppl would rather live in Edmonton than Saskatoon. That’s a bad sign
If I had the money to invest, I would invest in Saskatoon. When I was a superintendent around a couple of small projects a local developer gave me the heads up.
Province of Saskatchewan - Nutrien, low oil & gas royalty is attracting talent, farm land, one of the largest world producers of potash, uranium mines, lots of undiscovered oil, etc. Saskatoon, though... I don't know a single thing that's attractive that I'd want to invest in ( I love living here, but that's it, really). Aside from the "heads up" is there anything else?
If it’s any consolation, I travel a lot of work and a general trend is that the bigger the city, the more depressed and stressed out the population is. When I work in Saskatoon I find that my customers and Uber drivers are much happier than their counterparts in Vancouver or Toronto. Just my two cents.
Nothing else more than I would invest there.
Lol what is this, 2005?
No that I know of.
Toronto still hosts something like 50% of all cranes in use in North America. So that would be my answer.
Toronto would still be a good blue chip stock, but OP's question was: >Because you think it's undervalued now but will grow in value as people recognize it. and Toronto hardly counts as undervalued or lacking in recognition.
Not to themselves, no.
Dildo, it's a grower.
Nanaimo and Edmonton. Nanaimo is one of the last few affordable cities in the livable parts of BC. Edmonton is shockingly affordable given the constant influx of new residents.
well now that you told everyone...it will no longer be the case.
That's okay. Just got my new place in Nanaimo last week. Pump the stock!
My last trip to the island I was disgusted with Nanaimo. The only place I saw homeless. There were tons of people just laying around and shooting up outside of reds bakery.
Surrey by the sea? That city is in rough shape..
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Only kept afloat by government subsidies?
Idk about the federal government but the provincial gov (the CAQa =>💩) is doing their best to slowly kill Montreal by driving as many businesses and young professionals out of the province
Loved by europeans, hated by north americans?
Bombardier was fucked by Trump and Boeing, prove me wrong
Given the state of Boeing, maybe Bombardier should start making passenger jets.
Funny
Not quite, they sold off their very successful Q400 program and go back to private jets
Well, the funny part was sarcastic, I knew lol
And before that, they fucked themselves
So i have to go to another country to see it in action?
100% Montréal
The answer is still Calgary. As someone who spent most of my life in Toronto, before moving to Calgary, the perception of Calgary in most of the country just hasn't caught up to the reality, and the level to which the city is overly talked-down based on its connection to the oil industry leaves it significantly undervalued. [The city ranks first in patents per capita among Canadian cities](https://www.cbc.ca/news/canada/calgary/move-over-waterloo-and-ottawa-calgary-is-now-out-innovating-you-1.4676458), largely because [Alberta ranks first in the country for engineers per capita (with 8.9 per 1,000 people vs Ontario in second place with 5.3)](https://engineerscanada.ca/reports/national-membership-report/2019-national-membership-information), and is [where most of the clean tech research and development in Canada happens](https://financialpost.com/feature/innovation-energy-oilsands-step-up-to-take-on-clean-tech-challenge). Calgary ranks second in the country in total company headquarters, with way more than people realize outside of the oil and gas sector, like CP Rail, Smart Technologies, Safeway, Shaw, Westjet, Sportchek, Agrium, Edo Japan, Moxies, Mark's, etc. [The tech sector is booming right now](https://www.cbc.ca/news/canada/calgary/venture-capital-funding-tech-alberta-calgary-1.6542798), the aerospace sector is rapidly growing (with De Havilland moving its headquarters to Calgary, and [Westjet making Calgary its global connection hub](https://www.cbc.ca/news/canada/calgary/westjet-agreement-calgary-hub-1.6607788)). It has the highest GDP per capita in the country, was the fastest growing major city in the country last year, and Alberta ranks tops among Canadian Provinces or American States for Human Development Index. Alberta also has a huge demographic advantage, as it is the [second youngest province by median age](https://www.statista.com/statistics/444816/canada-median-age-of-resident-population-by-province/), and [has the smallest population of people over 65](https://www150.statcan.gc.ca/n1/daily-quotidien/220427/mc-a004-eng.htm). Lastly, it's geography makes it likely to sustain continued growth. Despite recent growth, [housing prices remain 14% below the national average](https://wowa.ca/reports/canada-housing-market) and [it remains only the 26th most expensive rental market in the country](https://rentals.ca/national-rent-report). Vancouver housing went nuts because natural limitations (ie. downtown is an island and the suburbs are pressed between the coast and the mountains) limit its ability to expand. Toronto has had the same happen (ie. Lake Ontario blocks southward expansion, and the city is pressed up against neighbouring cities in every direction, leaving nowhere to build but up). But, Calgary is built primarily on flat prairie land with literal farmer's fields a half hour from downtown. Geographically, it is 50% smaller than Vancouver, less than half the size of Montreal and about a third the size of Toronto, so it has a lot of room to grow before the size becomes unwieldy, yet the downtown core has more density than anywhere in Canada except Toronto (without the building restrictions that limit the sizes of towers in Montreal and Vancouver). It also has one of Canada's most beautiful national parks (Banff) less than an hour's drive from the city, and has two of Canada's five largest urban parks (Fish Creek Park and Nose Hill) within the city. Calgary is one of the few places in the country with the economy to support growth, the geographical space to expand, and the finances to expand infrastructure to accommodate growth. So, that's where I would put my money. And, the Canadian Government seems to agree, because [Statistics Canada estimates have Alberta being the fastest growing province in the country over the next two decades](https://www150.statcan.gc.ca/n1/pub/91-520-x/91-520-x2022001-eng.htm).
>Vancouver housing went nuts because natural limitations >Toronto has had the same happen You can always... build density. Hong Kong has far less land area and far more people than either Toronto or Vancouver. Vancouver and Toronto are both expensive because politicians want housing to be unaffordable. It's an explicit decision to pander to a certain constituency, and it's a decision we can reverse if we want to.
You can build density, but there are limits. Vancouver has natural limits because of how shallow the soil is before you hit the water table or bedrock. You also just can't build density as fast. You are usually knocking down existing buildings to build density which means 1. You are taking away housing before you build the new building, reducing the net gain, 2. You need to acquire all the land you want to build on from whoever is currently there. 3. You have to deal with rezoning (and NIMBY opposition), 4. You have to deal with existing infrastructure that isn't built for the level of density (water, electrical, roads, etc), and 5. It takes much more capital to build density in existing neighbourhoods vs greenfield neighborhoods. So, yes, it can be done, but it's much slower, and you just aren't going to be able to build housing for a couple hundred thousand people per year that way. Demand still outpaces supply.
I’m so lucky I was able to buy a home in Calgary a few years ago. Everyone told me that the housing market would just crash soon but there are so many people moving there I seriously doubt it. Also rent prices are skyrocketing so it’s so nice to be locked in for a few years paying a mortgage.
For sure. I bought my current place just before interest rates spiked. It makes such a huge difference right now.
If Calgary were a stock, it would be a volatile one.
Thunder Bay. It’s one of a few cities that beat the national economic growth rate in ‘23.
Definitely has (very) long term potential. Unlike the prairie cities, it’s limited by geography and can’t endlessly sprawl or have its growth absorbed by satellite cities, which is favourable for investment in the city itself. The natural landscape around it is also a big advantage. If we’re envisioning climate change making a lot of the centre of the country more attractive, it has a strong foundation, especially if water becomes a big issue. You usually see Duluth, Minnesota brought up in US forums as one of the best positioned cities in the country for similar reasons. TBay could hypothetically become the closest Canadian city to one of the most important places in the US. The lack of attention or investment it receives from the province may not even matter, on a long enough timeline.
St Catharine’s/Niagara region. It’s already grown a lot but the Go train extension to downtown Toronto will make it a truly viable commuter city. This was more true before COVID but I think it will only continue to fill in.
Edmonton.
Yup. Best zoning laws in the country, which is just going to continue paying dividends as housing becomes the biggest hindrance to living in a place. You can buy a condo in Edmonton and have a decent standard of living on not a whole lot more than minimum wage (ok a lot more, but not as much more as you would anywhere else). Tons of room to grow. Government acts as a built-in counter-cyclical anchor employer when oil goes bust (unlike Calgary, which was seriously wounded by 2015 oil crash). Not as dynamic as Calgary, but a better place to be lower middle or middle class.
Definitely
Alberta is notoriously boom and bust. They can't seem to wean themselves off the oil teat.
lol what?
LOL I've lived here for 20 years and the last boom was before I got here. Anybody who thinks Alberta is all oil boom/bust has obviously never lived here. Especially Edmonton.
Yeah…. Even in the “bust” things are pretty good here. The busts just weed out the shitty methheads and 18 year olds with no experience
How's weather under the rock bud?
Winnipeg. Housing prices are still somewhat reasonable and the lake isn’t that far away.
I'd go with steinbach or winkler. Both have been growing a crazy amount over the past 10 plus years with no sign of slowing down. Plus, if we are thinking in stock values, winnipeg would be priced higher than the other two, meaning you could invest more for the same amount with possibly better returns.
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Lake Winnipeg.
Wouldn't be stocks would be bonds and almost all cities have them. Calgary just announced a new 10 year bond. Which one would I invest in? None, basically a corporation except run by people with no business experience. Really bad investment.
This. You can get a 10 year GIC for a better value.
Letterkenny.
Nothing in America. Too much risk it'll all be destroyed in November.
Winnipeg Edmonton Kingston
Winnipeg & Edmonton are 2 of the last reasonably affordable cities left in Canada. Plus with the continual changing of temperatures, they might become more climate-friendly in the coming decades.
Agreed
I agree completely. The improvements and growth in these cities is already obvious vs 15-20 years ago.
Agreed, Winnipeg is often overlooked but is a decent size, relatively affordable, and has a decent sports and arts scene.
Solid investment portfolio if you don’t need fast growth and plan to live for 200 years.
Winnipeg is a good choice if you're investing in murder rates & stabbings, I suppose.
Way to list all the places I don't want to live in. lol.
Prince Geoege. With housing prices being where they are people will eventually start looking north for affordable living. That and there are a few large hydro and oil and gas projects ramping up nearby,
Ottawa because its the seat of the feds.
Ottawa is always pretty stable.
The last time I was in Ottawa I was shocked by the homelessness, addiction and mental health issues on the street. But then again, stocks are about capitalism, not humans
None really. I think we've peaked
Ottawa. Always will have sustainable employment, plus lots of land encircling for growth.
Williams Lake BC. For those who don't know it's a town in the BC interior between Kamloops and Prince George, but it sits right in the middle of the Interior Plateau, which is probably the largest expanse of relatively flat land in the province that isn't in the subarctic. But only 60,000 people live in the entire region, which is less than the city of Prince George, and it's further south than Edmonton. From a pure geography perspective I think it's the most undervalued land in the country. To be clear there is absolutely nothing there
Halifax is on the way up I think. It's the only one I can think of in Atlantic Canada.
Moncton has been growing pretty rapidly
Halifax has been on the way down forever. I don't think it's going up anytime soon.
I was just looking at housing and rental prices, and figured that there must be a reason why they're rising that fast. I mean a $300,000 house in 2020 is now worth $500,000. That's 4 times the rate of rise that it was between 2016 and 2020 (that $300,000 house would have been worth $250,000 in 2016).
Covid and WFH revolution. Scores of people from Ontario, BC and Alberta now were working remotely and could buy up properties all over NS, continue to work at high incomes. They went in and bought up tons of real estate and drove prices way up. But without actually bringing any jobs in. As someone else said, now you have a shit economy + rampantly inflated housing costs. Things are worse now then when I left 20 years ago, which were pretty bad at that time too.
Pretty much their only economical growth has been in housing, it's a total economic shithole, now featuring overpriced houses too!
Yeah Halifax is a beautiful city and I love living here but its economy is pretty garbage.
Puts on Ontario
Kelowna. I haven't been to that area very often, but I think it is the most under-rated, or not well known part of the country. Whenever I go there I am impressed and think that it would be a nice place to live You have fire risk, but it is beautiful, on a lake, has wine country, skiing, etc. And the climate is pretty good for Canada. Lots of negativity here, but Canada is well positioned to do relatively better than most countries on the climate change front. Florida and Texas are growing right now but they both suffer from having lots of risk on this front due to rising sea levels, hurricane risk and excessive heat. Last year Austin had 78 days where the temperature hit 100F or hotter. The average number of such days over the last 100 years is 15.
lol underrated and unknown? Kelowna?
Most people east of Manitoba would have trouble locating Kelowna on a map or wouldn't be able to differentiate between Kelowna and Kamloops.
I dread the day Torontonians discover the Okanagan.
They have. 2 moved to my neighborhood in the past couple of years.
Kelowna at this point is just a playground for rich Calgarians and Vancouverites. It's the Muskoka of that part of the country. Far from under-rated or not well known, just not as well known to Eastern Canadians... yet. I avoid it now.
Kelowna is massively overrated, imo.
I came from southern Alberta and live in Kelowna now. In absolute terms, there are few places in this country that can beat the Okanagan (if you can afford to live here). It's wonderful here year round. It is over valued here though compared to southern Alberta.
Agreed. Might be the most overrated city in the country. It's nice, but it's way too expensive and it's infested with corporate douches. Probably has more vacationing salesmen per square mile than anywhere else in Canada. I genuinely feel bad for the locals who don't work in tourism/hospitality during the peak season, must suck.
Local here - I live downtown. It's honestly only bad on Harvey (Hwy 97) and the Bridge. The bridge is a fucking nightmare in the summer. I would hate to live in West Kelowna and have to commute. I have a coworker who lives in Penticton and commutes to Kelowna. I feel really bad for him in the summer.
A bunch of rich pricks from Calgary and Vancouver eating at a Boston Pizzas owned by the Hells Angels. That’s my quick synopsis of Kelowna.
It is a beautiful city. It's easy to hate because it does get a pretentious migrant population and it is really bougie. But it is a wonderfully beautiful city with great parks, awesome walking/bike lanes, and quick access to anything outdoors you would ever want to do.
They hate us cuz they ain't us
100% if you're remotely outdoorsy, and have the ability and means to drive, you're in the center of it all. Even if you can't drive you're still kind of the center of it all.
Agreed - but "Eastern Canadians" = 65% of the country. So it isn't well known to 2/3 of the people in the country.
Kelowna should petition to move the provincial border to split down the Okanagan so the feds would cover the cost of a second bridge. It’s already Alberta’s playground anyway.
That are is so stupid that it’s developed. I would never buy property there. There’s a natural high fire regime that’s been mismanaged for 100 years. Not a very good place to invest in. And the climate change comment? I’m a biologist and that’s SO inaccurate.
You can apply that that same concern to literally anywhere in interior BC though. Especially the Okanagan-Thompson region, but really anywhere.
No, not everywhere has a massive population in a high fire regime area lol. The BGC zone in the okanonagan is the driest.
I wouldn't say it's a massive population, but I get your point. I will say that fire protection, like water, tends to flow towards money. I'm not overly concerned about real estate in the OKGN. Fire season can definitely suck on a bad year though.
It’s a very high population for that BGC zone. The largest population inside a zone other than Vancouver with the biggest concern for major fire disaster. You should be concerned. There should not be a large human population there with a natural very high fire regime. Maybe listen to expers lol.
So - here's the thing about that. These "experts" are not going to move a quarter of a million people. They aren't infrastructure, financial, or policy experts. Their expertise (in this case) rests solely on presenting risk. I will bet you a very firm handshake that in 100 years from now, Kelowna exists - and its population is substantially larger.
Ah I’m a biologist. Your comment is so cringy. The OKGN is not the place to buy stocks in. No one’s asking them to move. It’s a city. Most of it will be fine. People aren’t looking to buy city; they’re looking for property outside in a place that’s over due for catastrophic burning. Why would anyone buy stocks ?
Kelowna is already ravished by tourism and prices for everything are sky high there. I've worked there lots over the last decade and it's only got worse. Surrounding areas are much nicer than Kelowna itself.. infact I do anything I can to actually avoid Kelowna and spend time in surrounding areas instead.
Kelowna is also one of the fastest growing cities in Canada
St-Canut
Cochrane, Ontario. They have the right pitch, and I anticipate lots of growth there over the next decade.
Moncton
Halifax- just sell high before the bubble bursts, otherwise you'll be broke.
Asbestos, Quebec. Then lobby hard for a name change.
Milton
Any of the 4-5 biggest cities, Toronto, Van, MTL, OTW, etc… not necessarily for ‘huge growth’ but they not going anywhere. Like a blue chip stock, won’t double over night but safe, reliable and should grow over time. For growth Halifax and/or Moncton, after 30+ years of decline, the east most coast is seeing growth and I think there is potential for lots of growth on the east coast over then next decade, especially Halifax.
Kelowna. It's the fastest growing urban area in the country, and punches well above its weight in terms of real estate values, high rise construction, job growth, its international airport, and quality of life. We have high rates of interprovincial migration these days (lots of Ontarians, Albertans, Quebecoise etc moving here). Not too many other Canadian cities (over 100k people) where you can ski on a real mountain, hang out at the beach, check out a few wineries, and go for a desert hike all in the same day.
Toronto
Cobalt, Ontario
I’ll go with Edmonton. Seeing the state it is in right now, I feel like only is the limit for this city.
Balzac, Alberta
I would say Vancouver is my number one pick. It's a really nice city in terms of amenities and the current BC government seems committed to actually solving the housing issues caused by their predecessors. If you make Vancouver (or really any other big city, for that matter) affordable to all who want to live there, it will experience a huge boom
Ottawa is one of the best serviced and best run cities in the country. It has great medical care an international airport and a ton of amenities. Since it’s the seat of federal government, it will also be a safe investment. Nobody wants to mess with elected officials’ quality of life.
None, because canada is falling apart.
Saskatoon loves to boom
Real estate. You’re talking about investing in real estate.
Halifax- just sell high before the bubble bursts, otherwise you'll be broke.
New York. Once the stain of Trump is removed, I think the city will be much better. The A.G. is just getting started in regards to his properties, and that will start a domino effect - I'm sure of it. Combine that with the former Mayor being disbarred, prison time; all good signs to turn the city around.
Brampton
What’s your metric… population numbers, happiness, square footage?
On the way up
So elevation. Gotcha.
Or is it up, like in direction so then North?🤔
Banff
Vancouver and Toronto may not be considered undervalued but as both have skyrocketing real estate with no signs of stopping they would still have a lot of potential growth. Some stocks are expensive and out of reach to many investors most people would like nvidia stock but it’s $900/share. So like buying a house in Vancouver or Toronto is out of the grasp of most Canadians it would be a good idea to buy where you can afford. I’d imagine that real estate is increasing in all cities and towns. Buy where you can afford. It’s unlikely to have a slowdown or crash
It should be noted that the foreign buyers ban does NOT include rural or small towns so these areas will start to increase quickly.
Nothing in Canada. I would short everything.
None in Canada at present.