Is Multifamily Investing Dead?

[Dayne Peterson]

I've seen a large surge of multifamily development deals come up in Alberta over the last 4-5 years. ( for the seasoned investors ) In your  opinions this market - is it too late to start getting into development while there are easing of zoning restrictions and more options for cmhc financing? Im considering to start up in Saskatchewan Canada - Have land under contract for a 20 unit- but am curious to local opinions for those who have done it prior. 

[Stevo Sun]

Quote from @Dayne Peterson:

Thanks for sharing @Stevo - that's what my fear was as well. I follow several investor Alberta  facebook groups and they were commonly flooded with cmhc mli select deals. 

anyone from Edmonton can compare? 

I know Saskatoon is building lots in the suburbs but not much high density in the downtown area which is surprising to me.

 I think Edmonton might actually be worse for that. Rents in Edmonton are not as high as Calgary and the property prices are even lower. I think there are even more MLI Select deals there coming online. If you are buying a detached single family home I would say either city is probably okay. But if you are strictly looking to buy a MLI Select deal, I would hold off.