Updated almost 6 years ago on . Most recent reply
Calling all Alberta Investors!
Hey Alberta Investors!
As many of you Canadians are aware, Albertas economy is still recovering after the oil bust. With that being said, I'm curious to hear of what other investors think of Calgary or Edmonton for investors.
Thanks for any input guys and gals.
Most Popular Reply
What I mean is prices have not come down below (or even near) the elevated levels seen in 2008 (prices rose like crazy from 2006-08). This even though Calgary has been through 2 oil price crashes and 2 recessions in the last 10 years. 1 SFR I bought for around $335k in 2010, sold for $462k in 2015, all the while barely making anything in rents. Stuff like this got me frustrated (the cash flow part) and now looking down south, maybe I'm doing it wrong.
I typically look for properties in older established neighbourhoods in southwest/east Calgary. Communities like southwood, Braeside, Acadia, etc. These have wider lots, more amenities, established schools, etc.