Medical Insura
A United Nations study of 50 developed countries predicts that by 2030 Canada will have the most aged population except for Japan. "Demography is a powerful predictor of economic trends," Moore explains. "It's virtually guaranteed that many more people will buy recreation and retirement property in Canada over the next ten years than we saw in the past ten years. In my view, this market is likely going to explode."
While recreation real estate sector does look promising, the financial analyst counsels a careful consideration of the full cost. A minimal investment in a luxury-style recreation home (assuming the buyer acquires full title rather than fractional ownership) will be more than $500,000. Moore notes that the "opportunity cost" coupled with taxes, maintenance,medical insura and other cash outlays will normally run at $40,000 per year or more. Beyond property-related expenses are travel costs, which will
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