All Forum Posts by: Anthony Therrien-Bernard

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

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.

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

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.

Good day.  When does it make sense to make tenants pay utilities.  I have this 4-plex on contract and the current tenants have the utilities included in their monthly rent.  2 are paying 650 and the other 2 paying 550.  Which in this case is not cashflow positive.  The quickest way is to increase rent by $50 on the new lease or the tenants pay utilities, divided equally of the 4 of them.  Only 1 tenant live in each unit.

Thank you.

Hey fellow real estate investors!

I'm Alex, an aspiring real estate investor with a background in social media and influencer marketing. I've got four years of experience as an account manager in client services, but my heart truly lies in real estate.

I'm here because I believe mentorship is the key to unlocking my potential. I'm hungry for knowledge and eager to learn from experienced investors who've made their mark in the industry.

I'm highly coachable, adaptable, and thrive on feedback. With my skills in communication and networking, honed from my background in social media, I bring a fresh perspective to the table.

If you're an experienced investor based in Canada, and open to mentoring, I'd be honored to connect with you. Let's learn from each other!

Shoot me a message here or email me at alex(at)affluentimpact.com. I'm available for a call or meeting whenever suits you best. Looking forward to connecting with passionate individuals in this amazing community!

Not exactly a new member introduction; this is a re-introduction.  I live in Toronto.  BP was my first step towards my investment journey.  I got busy taking actions, learning lessons, making relationships and working with mentors the past couple of years.  I realized that I miss hanging out with the good folks of BP and came back to do just that.  (I've been regularly listening to BP podcasts by David Greene and team, though).

I got inspired by everything BP, joined some mentorships, started buying rental properties, quickly did a pivot to flips, and has since flipped upwards of 20 properties since 2021.  Made some money, lost some money, learnt a lot of lessons, made a lot of connections, raised a lot of money - continued to pivot based on market conditions and regions.  Most (but not all) of my projects were in Calgary, Canada.  Now, buying my first flip property in Cleveland.

I just posted this to thank everyone for inspiring each other.  And, to inspire anyone sitting on the sidelines to start taking actions.  It is a bit scary on this side, I've had a couple of "near-death" moments but in the end I realized that there is a solution for every challenge.  As long as you don't give up and keep exploring problems and solutions, you'll be just fine.  Cheers!