Vacancy rates
- Thread starter kanabel
- Start date
- Joined
- Dec 6, 2007
- Messages
- 72
Vacancy in Red Deer is around one month (8 to 10%). Rents have come down and lots of houses on market for rent. Be creative and pro active in advertising.
Firoz
QUOTE (kanabel @ Feb 20 2010, 08:59 PM) Hi there!
In a buying mode again! Anybody knows current vacancy rates for Red Deer and Edmonton?
In addition, if anybody would recommend Red Deer realtor, would be appreciated.
Thanks
Dejan
Firoz
QUOTE (kanabel @ Feb 20 2010, 08:59 PM) Hi there!
In a buying mode again! Anybody knows current vacancy rates for Red Deer and Edmonton?
In addition, if anybody would recommend Red Deer realtor, would be appreciated.
Thanks
Dejan
- Joined
- Aug 30, 2007
- Messages
- 13,881
QUOTE (kanabel @ Feb 20 2010, 08:59 PM) In a buying mode again! Anybody knows current vacancy rates for Red Deer and Edmonton?
In addition, if anybody would recommend Red Deer realtor, would be appreciated.
use 10% to 12% .. or one month on average .. it varies by sub-area and price range .. over $1100 higher vacancies .. and your SPECIFIC property may have much lower or much higher vacancies .. have a reserve of 3-4 months expense (mortgage + tax + condo/utility) payment minimum
In addition, if anybody would recommend Red Deer realtor, would be appreciated.
use 10% to 12% .. or one month on average .. it varies by sub-area and price range .. over $1100 higher vacancies .. and your SPECIFIC property may have much lower or much higher vacancies .. have a reserve of 3-4 months expense (mortgage + tax + condo/utility) payment minimum
QUOTE (ThomasBeyer @ Feb 22 2010, 11:52 AM)
use 10% to 12% .. or one month on average .. it varies by sub-area and price range .. over $1100 higher vacancies .. and your SPECIFIC property may have much lower or much higher vacancies .. have a reserve of 3-4 months expense (mortgage + tax + condo/utility) payment minimum
Thanks!
How does Edmonton fare? Last CMHC report suggests 4.7% for Edmonton average, even though some areas hit 7+%. I work as a driver in central part of Edmonton, and for quite some time I've seen a lots of "vacant" signs, some offering incentives. Even though from Edmonton most of my investments are in Regina, and even today when I do the numbers, better cash flow over there, vacancy and unemployment rates low as well. Rent the place within day or two. Trying to get back to Alberta investing but as more as I dig, numbers and current vacancy and unemployment don't look good to me.
Thanks both (previous post too) for advice and insights. They are appreciated as always
Dejan Kovacevic
use 10% to 12% .. or one month on average .. it varies by sub-area and price range .. over $1100 higher vacancies .. and your SPECIFIC property may have much lower or much higher vacancies .. have a reserve of 3-4 months expense (mortgage + tax + condo/utility) payment minimum
Thanks!
How does Edmonton fare? Last CMHC report suggests 4.7% for Edmonton average, even though some areas hit 7+%. I work as a driver in central part of Edmonton, and for quite some time I've seen a lots of "vacant" signs, some offering incentives. Even though from Edmonton most of my investments are in Regina, and even today when I do the numbers, better cash flow over there, vacancy and unemployment rates low as well. Rent the place within day or two. Trying to get back to Alberta investing but as more as I dig, numbers and current vacancy and unemployment don't look good to me.
Thanks both (previous post too) for advice and insights. They are appreciated as always
Dejan Kovacevic
- Joined
- Aug 30, 2007
- Messages
- 13,881
QUOTE (kanabel @ Feb 22 2010, 01:30 PM)
Thanks!
How does Edmonton fare? Last CMHC report suggests 4.7% for Edmonton average, even though some areas hit 7+%. I work as a driver in central part of Edmonton, and for quite some time I've seen a lots of "vacant" signs, some offering incentives. Even though from Edmonton most of my investments are in Regina, and even today when I do the numbers, better cash flow over there, vacancy and unemployment rates low as well. Rent the place within day or two. Trying to get back to Alberta investing but as more as I dig, numbers and current vacancy and unemployment don't look good to me.
Thanks both (previous post too) for advice and insights. They are appreciated as always
Dejan Kovacevic
do you invest in real estate with a one year view ONLY ?
prices / rents will be a higher a year from now .. and vacancies lower !
Yes, SK is a great place to invest too !
Thanks!
How does Edmonton fare? Last CMHC report suggests 4.7% for Edmonton average, even though some areas hit 7+%. I work as a driver in central part of Edmonton, and for quite some time I've seen a lots of "vacant" signs, some offering incentives. Even though from Edmonton most of my investments are in Regina, and even today when I do the numbers, better cash flow over there, vacancy and unemployment rates low as well. Rent the place within day or two. Trying to get back to Alberta investing but as more as I dig, numbers and current vacancy and unemployment don't look good to me.
Thanks both (previous post too) for advice and insights. They are appreciated as always
Dejan Kovacevic
do you invest in real estate with a one year view ONLY ?
prices / rents will be a higher a year from now .. and vacancies lower !
Yes, SK is a great place to invest too !
QUOTE (kanabel @ Feb 20 2010, 06:59 PM) Hi there!
In a buying mode again! Anybody knows current vacancy rates for Red Deer and Edmonton?
In addition, if anybody would recommend Red Deer realtor, would be appreciated.
Thanks
Dejan
Realtor--Nicole Gardiner--she will do a great job for you! Call her at 403-348-8553.
Ian Dunsmuir
In a buying mode again! Anybody knows current vacancy rates for Red Deer and Edmonton?
In addition, if anybody would recommend Red Deer realtor, would be appreciated.
Thanks
Dejan
Realtor--Nicole Gardiner--she will do a great job for you! Call her at 403-348-8553.
Ian Dunsmuir
QUOTE (ThomasBeyer @ Feb 22 2010, 12:40 PM)
do you invest in real estate with a one year view ONLY ?
prices / rents will be a higher a year from now .. and vacancies lower !
Yes, SK is a great place to invest too !
No, long term, but there are some personal reasons at this moment that I don't have enough time to cope with finding good long term cash flow and eventual vacancies. Since I'd like to use chance of getting high ratio, I feel more comfortable with SK I guess as I have established system there. Not giving up on Alberta at all. If not now, maybe postponing until later in the year.
Dejan
do you invest in real estate with a one year view ONLY ?
prices / rents will be a higher a year from now .. and vacancies lower !
Yes, SK is a great place to invest too !
No, long term, but there are some personal reasons at this moment that I don't have enough time to cope with finding good long term cash flow and eventual vacancies. Since I'd like to use chance of getting high ratio, I feel more comfortable with SK I guess as I have established system there. Not giving up on Alberta at all. If not now, maybe postponing until later in the year.
Dejan