Calgary - good market for rental investing?

[Sheng Rao]

Hope everyone is staying safe! I am a big fan of BP and glad to see a strong presence of Canadian investors here. 

I am a rental property investor from Toronto. With price appreciation in GTA over the last few years, I am a bit hesitant to add another GTA property at this point in time. I started looking elsewhere and Calgary caught my attention for 1) prices appear less inflated, 2) relatively large population base, 3) more attractive Cap Rate, 4)  I grew up in Calgary and still have family there;

I would be interested to hear from all the Calgary investors on your experience/view, and a few questions below. Thanks!

1. What's the typical Cap Rate that you look for in SFH & Multiplex in Calgary?

2. What type of vacancy rate and maintenance rate do you budget for when assessing a rental property in Calgary?

3. Price appreciation seems quite stagnant over the last few years, how do you balance this in your investment decision?

Thanks all!