Townhouse in Calgary - Rent or Sell?
Hey everyone. I currently live in my townhouse purchased 6 years ago in Calgary, Alberta. We are in the process of moving out and have to decide whether to rent it out or to sell it. As many of you may know, the market in Calgary has had a bit of a rough go over the past year and a half but it does seem to be recovering. That being said, for rent I won't be able to cash flow, just (hopefully) be neutral, I am surrounded by a huge number of condo and townhouse complexes, and it isn't the type of property we are looking to use as our niche going forward. Does it make sense to just pull out and start fresh doing suited bungalows (the niche we're going after) or should I just call it an ace in the pocket, leave it alone for a few more years and hope that 1) it gets rented and 2) that rents increase a little bit? Any thoughts and suggestions are welcome.
Thanks