What's up with Shawinigan?

Question

Check out realtor.CA and tell me that Shawinigan doesn't stand out in the commercial multifamily world?

Chris Habets · Answer

Account Closed, obviously it's not a complete picture - hence why I'm starting a conversation about it in the world's largest real estate forum?

Chris Habets · Answer

Account Closed high commercial multi family inventory and very low cost per door vs anywhere else in the country.

Account Closed · Answer

@Chris Habets  while those are interesting observations, that doesn't mean the area presents a good investment opportunity.

Account Closed · Answer

@Chris Habets  stand out in which way?  Low per door price and lots of properties for sale... drivers? demographics?

Account Closed · Answer

-3.6% population decrease 2011-2016 (check the census). i would avoid. but yes, looking at the centris.ca properties the cap rates are great.

NA NA · Answer

Hey Everyone, I have been trying to find good secondary markets in QC to invest in. Any markets anyone recommends right now?

Philippe Busque · Answer

I invest in quebec city. As with any market, you need to know the right price for that given market and to have a deal it needs to be priced right. From what I know from a friend whos had success in Shawi, over 30k a door you are paying over market. And the dude is not afraid to cut every service from electricity to water to get people out.

Vacancy, people have no jobs, no money, most people on social assistance in quebec go there because rents are cheap. Theres money to be made like everywhere else but you need to know the market. Theres tons of investors from quebec who buy there thinking they are geniuses lol. They sell for a loss and never touch RE again.