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    Future of Alberta

    I doubt Keystone will ever be built. Bad time to be starting a multi-family project in Edmonton imo - rental or condo. Supply > Demand. Rental vacancy is at 7.2% and multi-family starts increased substantially in 2020 despite lower immigration and the pandemic. Other negatives are rates are...
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    New 4 plex build cost

    Agreed. I don't think RNDSQR has been very successful with this model lately. It looks like most of their recently completed projects and projects under construction weren't selling well so they have shifted to make them rentals. Building expensive, modern units would probably work better in...
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    Crazy low mortgage rates now on CMHC Multi-family - just refinanced at 1.66 % :)

    Nice work. Definitively nice to have such low rates. Some pretty hefty financing fees associated with a 85% CMHC mortgage though. Need to account for legal, broker fee, cmhc application fee, cmhc insurance premium and any cmhc amortization extension fees
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    Calgary condos undervalued

    This deal wouldn't get me too excited either and we aren't looking to buy in Calgary at this time, however it is easier to find good deals when there is an abundance of supply and low demand so if you have a bullish outlook on Calgary looking at the condo market may be a good idea. I'm not that...
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    Calgary condos undervalued

    Normally I would agree with you Martin and would avoid buying condos however I have a friend who just bought a 2 bed, 1 bath condo with an underground parking stall in the Beltline of Calgary in a high-rise concrete older building that I would classify as B class for $160,000. Spent $15,000 on...
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    Alberta - Where is the opportunity ?

    Agree with this. I have a pretty bearish outlook for downtown cru in general and think rent appreciation will be very weak if not negative compared to inflation. Online shopping is going to continue to grow making it extremely difficult to run a successful business selling goods. Areas like...
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    Calgary condos undervalued

    Definitely agree with you Matt. Better opportunity for buying individual condos at this point in Calgary. Multi-family assets are trading at a pretty substantial premium
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    A possible future for oil.

    The oil price collapse was a supply and demand issue but I wouldn't say it is all OPEC's fault. Global oil supply is about 96.5 million barrels per day and OPEC currently produces about 32.5 million barrels per day of it. From the trough of 2009 to peak 2015 production OPEC increased their...
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    Will you buy a property only cash flow but no appreciation potential?

    Will you buy a property only cash flow but no appreciation potential? - Yes, if it gives you a good yield and you think it is a desirable place that you will be able to keep full. In general I wouldn't bank on property values to appreciate more then inflation in a lot of Canadian markets...
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    Squamish Market

    I think Squamish is a good place to live and invest. Close to Vancouver, strong growth and low vacancy rate.
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    How many days before lease expires , you contact your Alberta tenants for renewals

    In Calgary we use to give 90 days but have cut that in half recently because we found that 90 days gave the tenant too much time to shop around.
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    Best multi-family mortgage rates right now?

    We use a guy out of Vancouver.... Derek Townsend of Citifund. He's been great and I would recommend him. Hope he can get us a deal like WSJ got! I'll post what we get when we decide to fund
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    Best multi-family mortgage rates right now?

    Congratulations. Amazing rate. Who was the lender?
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    Best multi-family mortgage rates right now?

    Thomas, do you think CHMC isn't worth it? Better to go conventional?
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    Best multi-family mortgage rates right now?

    We did a 10 year term 2 years ago and I regret doing it also. I agree with your prediction of interest rates staying low for long
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    Best multi-family mortgage rates right now?

    Thanks for the advise Thomas. I think we'll go with a 5 year
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    Best multi-family mortgage rates right now?

    We are in the process of re-financing a building of ours (38 units in Calgary) and are going with CMHC - 65% ltv, 25 year amort with either a 5 or 10 year term (still deciding). Talked to our mortgage broker yesterday and he told us the rate yesterday for a 10 year term was 2.3%. Pretty cheap...
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    What would you do?

    I think your idea of buying in Alberta after things bottom out is a good idea because you'll capitalize on the exchange and if you time it well, will likely get some decent capital appreciation on your property where most other markets will remain quite flat
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    WTI Supply and Demand Global Volumes

    Not as detailed as what you are looking for but the International Energy Agency has some decent data on global supply and demand...