VPS suitable for European users?

Hello, going to expand my social network to European users but I doesn't want my European users to have a very slow connection time. I'm currently hosting at one web host, which is great for our current users. I would like to find a VPS that would be great connection speeds in both countries but I guess that this might be hard (if not impossible), as I have trouble connecting to European sites here from Canada. I'm on a budget and I'm looking for a 1-2GB RAM VPS, with around 50GB disk space and 2 cores. It doesn't have to be those specs. Can I rely on GTHost.com vps hosting? Thank you very much.