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Calgary and Edmonton?

KhoaN

Inspired Forum Member
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Joined
Oct 22, 2012
Messages
76
Hi,
Is it time to look into Calgary or Edmonton yet? and where?
Which segment is good in these market? detached/townhouse/condos...?

Thanks,
 

Thomas Beyer

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REIN Member
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Aug 30, 2007
Messages
13,881
Yes, it is an excellent time to look and educate yourself as the market appears to have bottomed out, but vacancies remain high and short-term upside is quite muted. Take your time. We just put under contract a few mobile home parks at prices 25% below what they would have sold 2 years ago.

Consider writing some stink bid low low offers on condo projects as you may get a steal. High end homes over $1M alos have dropped a lot, some 50% in distress sale situations. Various land parcels in foreclosure for sale too in numerous locations !
 

Matt Crowley

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Dec 14, 2013
Messages
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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.
 

Tina Myrvang

Client Care Lead
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REIN Member
Joined
Nov 15, 2010
Messages
1,502
Come out to ACRE in Edmonton October 14,1 5 and 16.
We will be at Northlands Expo centre Friday night 7:00 pm to 10:00 pm and back for 8:30 am Saturday and Sunday.
Don Campbell will share with you his insights on the latest trends in the Canadian real estate market, debunk common myths and show you how to use them to your advantage.
Click here to see all the details.
 
Last edited:

Thomas Beyer

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REIN Member
Joined
Aug 30, 2007
Messages
13,881
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.

Well said, Matt !
 

KhoaN

Inspired Forum Member
Registered
Joined
Oct 22, 2012
Messages
76
Thank you all for all the great tips. I will be at the Edmonton ACRE maybe Friday and Saturday. Hope to see some of you there.
 
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