New to Real Estate 路 Toronto, Canada 路 Member since 2023 路 14 posts 路 10 votes
Does anybody have an idea on the best places in Canada for a new real estate investor to start out? I have heard Calgary is a good place because of prices but does anybody have any insight on where you can get the best deals?
Does anybody have an idea on the best places in Canada for a new real estate investor to start out? I have heard Calgary is a good place because of prices but does anybody have any insight on where you can get the best deals?
I don't think there's a single source to get good deals. But the most accessible is obviously the MLS. You can look at Zillow, Realtor.ca, etc to filter through the listings. I'm in Calgary and the best deal I got was from the MLS. I have also bought from a neighbor and such but unless you have some boots on the ground, your best bet would be finding a realtor you like and/or search the MLS.
Edmonton is 300km from Calgary and colder 馃槈
I also disagree with the assessment on price. Calgary (Alberta in general) is not land locked. The prices in AB will increase but will almost always be cheaper than Vancouver and Toronto.
Does anybody have an idea on the best places in Canada for a new real estate investor to start out? I have heard Calgary is a good place because of prices but does anybody have any insight on where you can get the best deals?
I don't think there's a single source to get good deals. But the most accessible is obviously the MLS. You can look at Zillow, Realtor.ca, etc to filter through the listings. I'm in Calgary and the best deal I got was from the MLS. I have also bought from a neighbor and such but unless you have some boots on the ground, your best bet would be finding a realtor you like and/or search the MLS.
Canada is not typically a place to find good deals, not a lot of value IMO. Calgary is going through a bit of a boom right now with house prices 10% higher than they were last year, everyones trying to flock from Toronto or Vancouver and find value there. Sooner or later, demand is going to significantly exceed supply In Calgary, and Calgary will be just as expensive as any other Canadian city. This can perhaps drive people 100km north, to Edmonton, where the avg. price there is around 200k less than Calgary. For either city, Alberta is a pretty landlord friendly province, if you're planning to buy a rental property. Both cities have their pros and cons depending what your looking for as an investor but if it's purely prices Edmonton would edge out Calgary. hope this helps
Does anybody have an idea on the best places in Canada for a new real estate investor to start out? I have heard Calgary is a good place because of prices but does anybody have any insight on where you can get the best deals?
I don't think there's a single source to get good deals. But the most accessible is obviously the MLS. You can look at Zillow, Realtor.ca, etc to filter through the listings. I'm in Calgary and the best deal I got was from the MLS. I have also bought from a neighbor and such but unless you have some boots on the ground, your best bet would be finding a realtor you like and/or search the MLS.
Edmonton is 300km from Calgary and colder 馃槈
I also disagree with the assessment on price. Calgary (Alberta in general) is not land locked. The prices in AB will increase but will almost always be cheaper than Vancouver and Toronto.
Canada is not typically a place to find good deals, not a lot of value IMO. Calgary is going through a bit of a boom right now with house prices 10% higher than they were last year, everyones trying to flock from Toronto or Vancouver and find value there. Sooner or later, demand is going to significantly exceed supply In Calgary, and Calgary will be just as expensive as any other Canadian city. This can perhaps drive people 100km north, to Edmonton, where the avg. price there is around 200k less than Calgary. For either city, Alberta is a pretty landlord friendly province, if you're planning to buy a rental property. Both cities have their pros and cons depending what your looking for as an investor but if it's purely prices Edmonton would edge out Calgary. hope this helps
Thanks for the insight Jim, I really appreciate it. I have another, what would the steps be like if I were to try to invest in the U.S in. a city close to Toronto, do you know how a Canadian could possible try to invest in a different country?
Market changes all the time. Presently I'm buying condos in Edmonton. Single family in Sask and multis in rural Alberta and Sask. All cash flow strongly and should appreciate a lot in the coming few years with the flood of people moving to AB and SK.