Hi Everyone:
I am interested in purchasing a townhouse in Airdrie, AB as it is ranked 3rd place in Alberta top 10 towns.
However I am trying to do my due diligence and tries to plan the worst case scenario. I want to find out what the rental market was like during last recession time.( 2008-2012, I am trying to risk mitigate by considering what may happen during bad time, as my rental properties in Calgary have experienced about 10-15% rent reduction during last time) Would Airdrie, being a small town, experience more of rent reduction during bad time?
If you have invested in Airdrie or have invested in small towns, I would greatly appreciate to hear your thoughts/experience.
Thanks in advance!
Ken
I am interested in purchasing a townhouse in Airdrie, AB as it is ranked 3rd place in Alberta top 10 towns.
However I am trying to do my due diligence and tries to plan the worst case scenario. I want to find out what the rental market was like during last recession time.( 2008-2012, I am trying to risk mitigate by considering what may happen during bad time, as my rental properties in Calgary have experienced about 10-15% rent reduction during last time) Would Airdrie, being a small town, experience more of rent reduction during bad time?
If you have invested in Airdrie or have invested in small towns, I would greatly appreciate to hear your thoughts/experience.
Thanks in advance!
Ken