Best market in Canada

ThomasBeyer

Senior Forum Member
REIN Member
#21
Don’t wait to invest in real estate - Invest in real estate and wait ! (TM)

You made a wise choice to further your education, your family's networth and your mindset to move from "Ready, set, set, set, set ..." to GO.

Where you invest is less relevant than that you invest!

Here are some initial REIN posts that I have done over the last 9 1/2 years that you may find a good read.

How to get started http://myreinspace.com/threads/how-to-get-started.4363/

5 ways to make money http://myreinspace.com/threads/5-ways-to-make-money.3318/

50/50 JV - How is this fair ? http://myreinspace.com/threads/50-50-is-this-fair.1983/

Red, green and blue money - what are the three crucial elements of real estate and JVs: http://myreinspace.com/threads/blue...expert-deserves-to-make-some-money-too.29091/

What is better: Cash-Flow or Maximum ROI ? http://myreinspace.com/threads/what-is-better-cash-flow-or-higher-roi.26596/


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mdinani

New Forum Member
Registered
May 21, 2018
2
0
1
28
#22
Calgary / Edmonton for industrial

Toronto / Vancouver for office (especially development) - if you can get your head around the economics. Tech companies are seriously investigating these markets, as they should be.

Multi in Canada right now - hard to justify buying in place as cheaper to develop, lots of nearly obsolete product. In general, I don't like multi in Canada right now but depends on location and pricing. I think better returns in multi right now in Canada probably from a mezz debt position.

I like Kelowna but may be oversupplied and some developers are pulling back. It is a bit of a balance between how much talent they can attract in their tech sector and need for units.

Stay out of small cities Alberta, especially Red Deer. Medicine Hat has surprisingly won some substantial tech contracts and I think poised for some interesting growth - but need to be very picky and take a strong urban perspective. The city has a legitimate cost advantage in utilities which should bode well for growth in tech companies as electricity is a major cost.
Would you say there is oversupply in kelowna for all types of units or just a specific kind?

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ThomasBeyer

Senior Forum Member
REIN Member
#23
Calgary / Edmonton for industrial

Toronto / Vancouver for office (especially development) - if you can get your head around the economics. Tech companies are seriously investigating these markets, as they should be.

Multi in Canada right now - hard to justify buying in place as cheaper to develop, lots of nearly obsolete product. In general, I don't like multi in Canada right now but depends on location and pricing. I think better returns in multi right now in Canada probably from a mezz debt position.

I like Kelowna but may be oversupplied and some developers are pulling back. It is a bit of a balance between how much talent they can attract in their tech sector and need for units.

Stay out of small cities Alberta, especially Red Deer. Medicine Hat has surprisingly won some substantial tech contracts and I think poised for some interesting growth - but need to be very picky and take a strong urban perspective. The city has a legitimate cost advantage in utilities which should bode well for growth in tech companies as electricity is a major cost.
Would you say there is oversupply in kelowna for all types of units or just a specific kind?

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Kelowna just got hit with a speculation tax (hiring Albertans, BC second home owners and foreigners) AND has seen vast price increases the last 3-4 years unwarranted by incomes ie decoupled from fundamentals. Proceed with caution. Ok to buy what cash flows. Rest risky.


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
 
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bb2

Frequent Forum Member
REIN Member
Sep 10, 2007
118
76
28
edmonton
www.vivarenttoown.com
#24
Don’t wait to invest in real estate - Invest in real estate and wait ! (TM)

You made a wise choice to further your education, your family's networth and your mindset to move from "Ready, set, set, set, set ..." to GO.

Where you invest is less relevant than that you invest!

Here are some initial REIN posts that I have done over the last 9 1/2 years that you may find a good read.

How to get started http://myreinspace.com/threads/how-to-get-started.4363/

5 ways to make money http://myreinspace.com/threads/5-ways-to-make-money.3318/

50/50 JV - How is this fair ? http://myreinspace.com/threads/50-50-is-this-fair.1983/

Red, green and blue money - what are the three crucial elements of real estate and JVs: http://myreinspace.com/threads/blue...expert-deserves-to-make-some-money-too.29091/

What is better: Cash-Flow or Maximum ROI ? http://myreinspace.com/threads/what-is-better-cash-flow-or-higher-roi.26596/


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MichealDJohnson

New Forum Member
Registered
May 17, 2018
3
0
1
23
#25
As Canada is booming and well known for its infrastructure, investing in Toronto is best choice. Moreover, condos are the beneficial to invest.
 

ThomasBeyer

Senior Forum Member
REIN Member
#26
As Canada is booming and well known for its infrastructure, investing in Toronto is best choice. Moreover, condos are the beneficial to invest.
High tax Canada is booming, eh? With debt addicted politicians in 2 major provinces and on the federal level?

At least in Ontario sanity & a common sense understanding that spending and taxing is limited returns to Canada as the PC party under Doug Ford takes a comfortable majority .

Next up, in May 2019 Alberta and then perhaps on the federal level in fall of next year too !

Bravo.

Meanwhile BC will follow AB NDP and ON Liberals down the tax tax tax road to less prosperity and far more debt the next few years until BCers too wake up from the “party now - pay tomorrow” hangover !!

http://torontosun.com/news/provincial/doug-ford-declared-winner



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