Nova Scotia the new hotspot in Canada

Nova Scotia is the 'hot' new area of Canada that is attracting a new generation of property investors from the UK who are fed up with the economic gloom.

The quality of life and the fact that Canada remains mostly unaffected by the credit crunch has resulted in an increase in interest in what real estate agents call 'Canada's Ocean Playground'.

It is also the place to spot actors and other celebrities, especially on the South Shore as it is a popular area with film directors. Parts of the blockbuster Titanic were shot in Nova Scotia and Jack Nicholson, Demi Moore and Billy Joel are regular visitors.

'Literally “New Scotland”, Nova Scotia is in some respects a home from home, with nearly 30% of the population of Scottish heritage and the climate similar to that of northern Europe,' said a spokesman for Undiscovered Properties.

The latest figures from the Canadian Tourism Commission show a 40% increase in visitor numbers to the area from 2006 to 2007 and predictions indicate a further rise for 2008.

'It is not only the language that appeals to investors and visitors from the UK, the four season climate and the similar culture have always attracted emigrants, but given the current economic climate and negative feeling in Britain, it is the high quality of life and the fact that Canada remains mostly unaffected by the global economic slump that is drawing more and more people to its shores,' he added.

Waterside living, sailing, golf, the outdoor life and even whale watching are the kind of attractions that add to the area's appeal. Popular and award winning Cape Breton is accessible by land, sea and air and has a well established international clientele.

Nova Scotia was ranked the 4th best island in the world to live on by Conde Nast and 10th best by Travel & Leisure magazine.

'All this combines to make rental returns to investor clients an important consideration in their choice of where to invest,' said the spokesman.

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