Prince George, British Columbia Rentals?

[Stanley Kong]

Has anyone had any experience in the Prince George market?

I searched the BP forums and it seems like virgin territory. 

I took a look at CL rental prices for one bedroom it is around $550 - $675 (I'm assuming for forestry and UNBC students) for a 3br unit it costs around $850-$1200. 

I did a quick analysis of a duplex on the market and it proved to be cashflow positive.

http://www.realestateanalysisfree.com/1423-1425-NA...

The reason I took interest in Prince George is because my work (TSX:ZZZ) is actually sending me there for a week or so to train some new staff.

At that time I'm going to schedule a realtor to take me around (anyone have any recommendations?) and at the same time check out the local market.

Before I do that tho.. Is there anything that I am missing fundamentally?

Is it just a ghost town that should be avoided in the entirety?

Can't be THAT bad if Sleep Country decided to open shop there..

Looking forward to hearing from all you smarter people.

[Pawan J.]

Hey I've been up there quite a bit in a past life for work also. Apparently the population hasn't changed much in a while 70k ish so not seeing much population growth is likely.
Heard they are putting in a winery also over the river. Wondering what your capex is that your estimating, vacancy rates and appreciation rate?
When you go pro on BP there is a great rental calculator to use.