All Forum Posts by: Anthony Therrien-Bernard

Im completely new to this and living in Calgary,Canada. Was just wondering if this site has any benefit to someone living and looking to invest in Canada? Are there any people from Canada on here? Any info would be much appreciated. Thanks!

Hi Brandon,

Although BP is obviously very US-focused like Stevo said there is a pretty good group of us. I'm from Calgary as well

0 Votes

Quote from @Sam Chicquen:

Hey, everyone! Any real estate investors from Edmonton or Calgary here? I'm based in Ottawa and eager to connect with like-minded individuals for potential partnerships and deals. Feel free to send me a private message if you're interested!

Hi Sam,

I'm a real estate investor and investor-focused Realtor in Calgary

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Calgary, Alberta

Quote from @Stevo Sun:

Quote from @Jai Kalsi:

Hello Everyone,

I have $100,000 available for downpayment. I live in Abbotsford, BC, and looking to get a house in Calgary.

The goal is to have a positive cash flow of around $500-$1000 every month. Looking for a house with a basement. The budget is in the range of $450-500k. The monthly mortgage payment would be $2500+ 150 (property tax)

2 months ago the plan was to get a property in Vancouver downtown and run it as Airbnb as it is closer to my house. But thank god I didn't buy a property there as recently the law has been changed by which we can't do Airbnb anymore except than our primary residence.

Is anyone doing something similar?

Or is there any better idea than this? I am open to exploring more options.

Any advice would be helpful. Thanks.

I would be quite impressed if you found a property in Calgary that can generate that much positive cash flow right now. A house in the 400-500k range usually rent for 2500 or so. Our rents in Calgary are much lower than what Vancouver is.

Also assume your house is assessed to be 450k for property tax purposed then your tax would be around 2800 annually which is 200+ a month. Your insurance maybe another 100 or so.

So mortgage 2500 + tax 200 + insurance 100 + management 10% of rent (assume you need this if you are out of town?)

You are probably looking at 3,000 cash outflow a month. To generate a 500-1000 positive cash flow, your rent would need to be 3,500 to 4,000. That is quite high for the Calgary market.

A $500k semi-detached with a basement suite will generate much more than $2500 a month. Especially if it has a detached garage those rents will be in the $3000's depending on condition

1 Vote

Calgary, Alberta

Quote from @Neil Gin:

Hi,

First time looking to buy a rental property in Calgary alberta canada!

Any tips, for someone with no experience and where to start?

Hi Neil,

Do you live in Calgary or are you buying from out of province?

0 Votes

Calgary, Alberta

Quote from @Jay Cho:

Hello all

What are your best credit cards as a landlord?

I found that the Rogers World Elite Mastercard seemed to give the best cashback and no annual fees

https://rogersbank.com/en/rogers_worldelite_mastercard_detai...

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Quote from @Jim Spalding:

Canada is not typically a place to find good deals, not a lot of value IMO. Calgary is going through a bit of a boom right now with house prices 10% higher than they were last year, everyones trying to flock from Toronto or Vancouver and find value there. Sooner or later, demand is going to significantly exceed supply In Calgary, and Calgary will be just as expensive as any other Canadian city. This can perhaps drive people 100km north, to Edmonton, where the avg. price there is around 200k less than Calgary. For either city, Alberta is a pretty landlord friendly province, if you're planning to buy a rental property. Both cities have their pros and cons depending what your looking for as an investor but if it's purely prices Edmonton would edge out Calgary. hope this helps

Btw Edmonton is 300km north of Calgary

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Quote from @Amanda Andrews:

Hello, I am an investor. I buy unwanted and distressed properties creatively in Canada, any situation any condition. So far I have started in AB but I do plan to expand. I'm looking to work with realtors and or wholesalers. If you have any leads let's team up and help clients out of tough situations.

Hi Amanda,

I've been an investor for 10 years in Calgary and I am also an investor-focused Realtor, my business partner @Santhosh Nathan and I can help you get started

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Quote from @Steve Preddy:

Quote from @Anthony Therrien-Bernard:

The location shouldn't really matter, the numbers are the numbers. What issues are you running into?

Hey

Can’t entered a Canadian address into the formula. Also, not a big deal, but it’s in USD. Canadian real estate laws differ from those in the US.

USD or CAD won't matter in this instance. Real estate laws won't change financials either. Anyway we have a spreadsheet we use if you want to try that one: https://calgaryreihub.com/investor-resources/

1 Vote

The location shouldn't really matter, the numbers are the numbers. What issues are you running into?

2 Votes

Quote from @Theresa Harris:

Quote from @Anthony Therrien-Bernard:

Quote from @Theresa Harris:

I'm in Lethbridge. I have rentals in BC and AB and they are very different. AB is not as landlord friendly as BC and doesn't have property transfer tax. Insurance is a bit higher in AB. Property taxes are also different. In AB they seem to be about 0.8% of the assessed value. In BC it doesn't seem to be a % of the assessed value (which is good given the price of homes). Overall property taxes are a bit higher in AB relative to the price of the home.

As Stevo said many of the basics that apply to US rentals, apply to Canadian ones.

I hope you meant that BC is not as landlord friendly as AB!

Sorry-yes. BC is very tenant friendly, AB is more landlord friendly.

Makes more sense now!

0 Votes

Vancouver, British Columbia

All Forum Posts by: Anthony Therrien-Bernard

Anthony Therrien-Bernard has started 23 posts and replied 267 times.

Post: Is bigger poclets useful for people from Canada/investing in Canada?

Post: Building Contacts In Calgary Alberta!

Post: Buying a rental house in Calgary 2023 December

Post: First rental property in Calgary?

Post: (Canada) Best landlord credit cards

Post: Best Place to Buy real Estate in Canada

Post: Looking for Realtors and or wholesalers to collaborate with

Post: Is there a BP calculator for Canada?

Post: Is there a BP calculator for Canada?

Post: Aspiring Investor from Canada