Prince George, British Columbia Rentals?
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.