Medium-Term rentals in Canada
Hello everyone! I am a rookie investor currently living in Ontario, Canada and I was recently made aware of the medium-term rental strategy through a Bigger Pockets Podcast.
It seems like a very lucrative strategy and I was wondering if anyone has any experience with medium-term rentals in Canada. I assume that the majority of tenants would likely be travel nurses so it seems logical that a market with a large hospital would be ideal...I just feel like there are a lot of cities that have decent sized hospitals so I'd love to hear opinions on what markets could be most profitable.
I've been interested in markets out east (Nova Scotia, New Brunswick) or possibly somewhere in Alberta, as the purchase prices seem to be much more attainable for a newbie, but again I'd love to get some insight form more experienced investors!
Thank you in advance :)