Investment Properites REIN members South of Calgary

[UTCVenturesLtd]

I am wondering about Okotoks, High River, Nanton, Claresholm, Ft. Macleod, Pincher Creek and the Crowsnest Pass areas. Are any of those towns good to invest in and still provide some opportunities? Any REIN members from those places? I have heard that there is a shortage of rental homes in the Pass and the mines will be expanding and wanting a LOT more employees. Combine that with the new resorts to be built... but that is just one area.

 

[DonCampbell]

Check out the Top 10 Alberta Town Research Report. You`ll find that High River and Okotoks both faired very well on there.

 

[HelenT]

When was the current `Top 10 Alberta Town Research Report` first published and when will the next Alberta report be published? Just wanting to know how up to date the reports are. Thanks

 

[DonCampbell]

QUOTE (HelenT @ May 17 2008, 11:14 AM) When was the current `Top 10 Alberta Town Research Report` first published and when will the next Alberta report be published? Just wanting to know how up to date the reports are. Thanks

Hi Helen,

We are releasing the brand new Top 10 Alberta Towns at the June 7th and 8th Quickstart. We release a new report once every 3 years or so as we focus on long term fundamentals. If we had to change them every year, then we wouldn`t be doing our job

. They are updated throughout that period.

There will be a few changes to the order (as there always is). Anyone who orders the current version will get the brand new one as well. It is over 70 pages of economic fundamentals and analysis. Here`s the link:
Alberta Top 10 Towns To Invest In

 

[HelenT]

QUOTE (DonCampbell @ May 22 2008, 04:37 PM) Hi Helen,

We are releasing the brand new Top 10 Alberta Towns at the June 7th and 8th Quickstart. We release a new report once every 3 years or so as we focus on long term fundamentals. If we had to change them every year, then we wouldn`t be doing our job

. They are updated throughout that period.

There will be a few changes to the order (as there always is). Anyone who orders the current version will get the brand new one as well. It is over 70 pages of economic fundamentals and analysis. Here`s the link:
Alberta Top 10 Towns To Invest In

In that case I already have the current version. I will look to get the new one when its available.

Thank you for the confirmation.

 

[roliver]

QUOTE (UTCVenturesLtd @ May 14 2008, 03:05 AM) I am wondering about Okotoks, High River, Nanton, Claresholm, Ft. Macleod, Pincher Creek and the Crowsnest Pass areas. Are any of those towns good to invest in and still provide some opportunities? Any REIN members from those places? I have heard that there is a shortage of rental homes in the Pass and the mines will be expanding and wanting a LOT more employees. Combine that with the new resorts to be built... but that is just one area.


I currently own three properties in the Pass.I have two rentals that cashflow and the other property is our recreational property that we also rent out enough to cover all of our cost. The two rentals are both rented out to workers working on the Shell plant upgrade. The one house we get 850.00/mth not including utilities and the other home we get 1350.00/mth furnished with gas and elec included. As for a shortage of rentals you are correct. There is very little supply and I we had a lot of interest for both homes when we started to advertise. People in the Pass are very frustrated due to the lack of rentals and there is a great need for three bedroom homes.

The issue with the Pass is that they are not seeing an increase in full time population. The number of children in the school system has been dropping every year. The target market for selling homes is to people from Calgary Lethbridge etc wanting recreational properties. However I feel that the CNP is at the verge of being a recreational hot spot and the values will keep going up for some time. Where else in the Rocky mountains can you buy a 3 bedroom,1000sq/ft home with a 55x120 lot with a mountain view for $120,000.00.

This area is a little more risky but I am willing to take the risk in my portfolio. If anything we just love spending time in the pass.

Cheers,

Robb

 

[joeiannuzzi]

Hi Robb. The potential for large profits in centres outside of Calgary and Edmonton definitely exists. That is why I exclusively cover small town economic fundamentals on Sundays for BC, Alberta and Sask. I go through towns such as Pincher Creek, Vulcan, Banff, Stony Plain, Cold lake, Innisfail, Grande Prairie and much much more.

 

[UTCVenturesLtd]

I currently own three properties in the Pass.I have two rentals that cashflow and the other property is our recreational property that we also rent out enough to cover all of our cost. The two rentals are both rented out to workers working on the Shell plant upgrade. The one house we get 850.00/mth not including utilities and the other home we get 1350.00/mth furnished with gas and elec included. As for a shortage of rentals you are correct. There is very little supply and I we had a lot of interest for both homes when we started to advertise. People in the Pass are very frustrated due to the lack of rentals and there is a great need for three bedroom homes.

222 3 Properties!! Awesome! A guy at work keep buying, fixing and flipping and flipped himself out of the market as he doesn`t own anything there now. I have a rec/weekender property http://www.angelfire.com/trek/tocnp that i have rented out for a year at the most once and a 6 month time prior. It was a pain to have to move the furniture so hoping to just rent it out for rec purposes,, fully furnished and then use it ourselves. It is located in Coleman near the Bushtown railway crossing. The ATV trail is nearby. I kept hearing of the shortage of rentals from others. A lot of the homes are old mining homes with 2 bedrooms. I do notice a lot of activity of them getting remodelled.

The issue with the Pass is that they are not seeing an increase in full time population. The number of children in the school system has been dropping every year. The target market for selling homes is to people from Calgary Lethbridge etc wanting recreational properties. However I feel that the CNP is at the verge of being a recreational hot spot and the values will keep going up for some time. Where else in the Rocky mountains can you buy a 3 bedroom,1000sq/ft home with a 55x120 lot with a mountain view for $120,000.00.

222 Compare the prices to Canmore/Banff. Once the new resorts get started, there will be a jump in population and an extreme rental shortage. Still a great time to invest for the long term there.

This area is a little more risky but I am willing to take the risk in my portfolio. If anything we just love spending time in the pass.

222 I have two retired neighbours who watch over my house. I find it like being in another world when i get the chance to spend some time there.

Dean