“Any projects that are complete and do have standing inventory, and are move-in ready, that’s where you’re seeing great opportunities for investors, because (in some cases) they can jump in and buy them, essentially, at pre-sale prices now.”

“Seton, last year, actually had 20 per cent of all of Calgary’s multi-family home sales, and a ton of investors,” she says, of the mixed-use development by Brookfield Residential commonly dubbed the downtown of southeast Calgary.

https://calgaryherald.com/life/homes/condos/condo-investors-value-location-and-amenities

Martin1968 said:

rent appreciation will be very weak if not negative compared to inflation.

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This right here is SK and AB in a nutshell going forward to 2021 if you add in value appreciation and say “most” property types.


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There’s opportunity to create products and services that target the elderly in Calgary

https://calgaryherald.com/news/local-news/calgary-experiencing-decelerating-population-growth-census

Rickson9 said:

“Any projects that are complete and do have standing inventory, and are move-in ready, that’s where you’re seeing great opportunities for investors, because (in some cases) they can jump in and buy them, essentially, at pre-sale prices now.”

“Seton, last year, actually had 20 per cent of all of Calgary’s multi-family home sales, and a ton of investors,” she says, of the mixed-use development by Brookfield Residential commonly dubbed the downtown of southeast Calgary.

https://calgaryherald.com/life/homes/condos/condo-investors-value-location-and-amenities

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Interesting insights.

Olisa Ebigwei said:

Interesting insights.

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A newbie to calgay real estate investment. Would appreciate any insights and hand holding available in the forum. Thanks.

Olisa Ebigwei said:

A newbie to calgay real estate investment. Would appreciate any insights and hand holding available in the forum. Thanks.

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Take your time. No need to rush. Research areas, types of homes, vacancies and rent levels. How to get started https://myreinspace.com/threads/educational-rein-posts-by-thomas-beyer.10663/


Thomas Beyer
Asset Manager, Investor, Author, Father, Mentor www.prestprop.com

==> Check out our latest RRSP or TFSA eligible two year investment with a 40%+ yield target at www.investoliver.ca

Developer said:

We own multi-family in Calgary and we haven't seen any good opportunity in Calgary in the multi-family sector despite the fall in rents and rise in vacancy. Most people who own multifamily in Calgary have owned for a while, aren't overly leveraged and have a healthy balance sheet so they can handle the tougher times. With interest rates so low many groups have a ton of cash and are looking to reinvest but there isn't much for sale so prices are still high. I think there are better opportunity in single family then multifamily investing in Calgary.

Edmonton has a lot more apartment buildings then Calgary and smaller investors so i'd imagine there will be greater opportunity in Edmonton because more groups will be over-leveraged.

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May I inquire on further detail surrounding your portfolio? We have just modelled our platform for Multi which stand to life ROI even in depressed markets and I would like some feedback from you directly.

If open, please contact me below. Thanks!

Alberta plans to fire entire real estate council board, orders total overhaul for provincial real estate governing body

Service Alberta Minister Nate Glubish is ordering the dismissal of all council members on the Real Estate Council of Alberta (RECA), which oversees the issuing of real estate licenses and consumer complaints, through amendments to the province’s Real Estate Act.

https://www.thestar.com/edmonton/20...or-provincial-real-estate-governing-body.html

Good opportunity to be a tenant!

In Canada’s Oil Capital, a Real Estate Glut Compounds the Misery

From the outside, the roughly diamond-shaped Nexen tower is one of the more recognizable features of Calgary’s skyline. On the inside, it’s a barren landscape. All 37 floors are empty.

More than 20% of office space is vacant, and one firm projects more than 33% of downtown will be open by early 2021, creating a cycle of falling rents, declining values and “a huge crater” in local government finances.

Four buildings are already completely empty, with the Nexen tower, at 600,000 square feet, being the largest after China’s Cnooc Ltd. moved its diminished staff in the city to a new location. And new buildings, such as the two-tower Brookfield Place development that opened three years ago, are still being absorbed by the market.
“The office market is more than likely going to see vacancy increase, probably substantially,” said Todd Throndson, Calgary managing director for Avison Young.

https://archive.is/ZjZM2

CMHC: There may be some opportunity for investors looking to buy in Calgary?

Housing prices in Calgary likely to drop by tens of thousands over next two years, says CMHC

Average house price in Calgary could drop as much as 110K by 2022

"We're in year six of a buyer's market, and so people have to recognize that you've got to be in front of people to see them because if you get too many houses in that area, it's not going to sell."

CBC

CMHC has been wrong before.


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Thomas Beyer said:

CMHC has been wrong before.

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Hopefully for investors looking for a better buying opportunity in Calgary, the CMHC will be right

Lots of inventory to choose from today!

Calgary's housing inventory reaches near historic levels as younger demographic shrinks

CMHC sees evidence of overbuilding in Calgary as number of unsold homes nears 19-year high

https://www.cbc.ca/news/canada/calgary/calgary-housing-prices-data-cmhc-statscan-1.5732754

I dunno about that one. I've heard reports of lots of people wanting to move out to the 'burbs after being under house arrest earlier this year. I wouldn't be surprised to see a lot of that inventory soaked up.

COVID created more divisions between have and have-nots. Those with a job over the last few months have been able to save a lot.

Much different story for B/C condos. Little liquidity and few options. Short-term, expect de-urbanization.

Calgary is one of the most liveable cities in Canada though. Mountains are an hour away, fantastic mountains, cheap office space, and affordable housing. The rout will not last forever here, it is an excellent place to live compared to the inaffordability of Toronto and Vancouver.