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SignUp Now!Cap rates around 5 - 6% with current rents. Big upside. Some recent news suggests the bottom but investment remains weak, energy supply quagmires unresolved, and 100,000 EI recipients many with high skill. Housing starts still soft. Market is cautious.
Alberta is a tough renter's market right now. If you are in a strong equity position with excellent management there is opportunity for sure. This is not a province for weak balance sheets or high leverage combined with inexperience. Expect further rental regulations and putting a cap on rental increases by landlords is not out of the question. We may see rent controls.