Just looking for some opinions of the future of Alberta Real Estate and just the economy in general. I am a reasonably young successful oil field professional that has a small portfolio (4 Suited Homes) that I started buying in 2011. With the C-69 bill looming and predictions of another liberal majority government in 2019 @ 37 years old I have never felt so uncertain about my future. With wages in my industry on a steady decline and property values falling as fast as the rents I find myself after 7 years of Realestate investing with not much more than the equity I bought with my hard earned cash.
I know real estate goes it cycles but I can't help but feel like this time its different with everyone from the east & west working to completely shut down our energy sector. I don't think I have had a day go by in the last 6 months that I haven't thought about having a fire sale on my property and just sitting on cash to remove the stress of these difficult times.
I know real estate goes it cycles but I can't help but feel like this time its different with everyone from the east & west working to completely shut down our energy sector. I don't think I have had a day go by in the last 6 months that I haven't thought about having a fire sale on my property and just sitting on cash to remove the stress of these difficult times.