Alberta forecast for 2016

[Steve R.]

Hey guys,

what is your take on what is happening in Alberta with the oil down?

rents in Calgary are already going down and vacancy rate is above 5%

some experts predict oil to go down to $10 per barrel, that would put economy in Alberta in a hole for a long time, even if oil prices start going up end of next year because industry cannot recover that fast.

Are you still going full speed on buy and hold, flips, etc?

[Ellen Hearsey]

I believe Edmonton is a prime investment city.  I'm actively looking for under-valued homes in Edmonton and expect to be able to help folks who need out due to mortgages above their means - many of them will still need a home in Edmonton for their families.  Rental rates may be down for a while but not difficult to ride out the storm provided there is adequate cash flow.  It's all about finding the right properties. My focus is on mid-range under-valued single family or suited rental properties that will cash flow with mid-range rents.  The employment created by the new Rogers Place Arena and ease of access with LRT transit expansions will have the city primed for future growth and profits.  Bold when all around us are fearful and fearful when all around us are bold.

http://www.edmontonjournal.com/Rogers+Place+construction+time+budget+officials/11248644/story.html

http://www.edmonton.ca/ets/transit_projects/future-lrt-projects.aspx