All Forum Posts by: Account Closed

@Cara O'Donnell

Sit on the front steps of st Alphonsus for ~20 min on a Friday/ Saturday around 10:30pm sometime... you’ll see.

Neighbourhoods rise and fall the same as overall cities, and that there area is currently spiraling downward. Why fight it out for a decade when you can grab a property in an area that’s already improving?

@Tom Lundberg

If you join the sk landlord assc (a completely useless organization, literally serving no purpose whatsoever) you can raise rents 2x annually. If not, 1x annually. Landlord required to provide 60 days notice of offer to renew, I send them a renewal notice ~80 days prior to lease ending and if they don’t sign the lease is considered over at the end date listed in lease agreement. Tenants not required to provide any notice to leave at end of a term lease so it’s on landlord to make contact and inquire. Easy stuff mainly. The ORT is 100% weighted in tenant favour, if you’re ever granted even $1 assume consider it gravy. They rarely even know the legislation let alone enforce it in an u biased manner.

@Will Dean

I buy mostly older properties and do fairly substantial rehab at purchase, I budget 10% R&M and sleep just fine at night with that number.

@Sonam Nathani

Highly unlikely this is your responsibility to pay for. In addition, if this was a legitimate plumbing defect, your landlord is likely responsible for the cost of the rug doctor too. From the info you have provided, this seems like an unscrupulous landlord trying to tax an unknowing tenant. Call your office of residential tenancies and seek guidance.

@Hai Loc it’s overbuilt. And WAY overbuilt in the condo market. It’ll be minimum 5 years before ANY appreciation happens in condos. I believe as a whole it’s at bottom currently but I also see a flat bottom. Expect 3 years @1% natural appreciation (essentially none) for most detached home areas. New development areas will be even flatter.

@Tom Lundberg NE BC is pretty hot right now from what I understand. Lots of eyes on it at the moment

@Benjamin L.

Most local police forces have an active map of all reported crimes by area. Updated monthly. Usually colour coded by crime type

@Benjamin L.

Most local police forces have an active map of all reported crimes by area. Updated monthly.

@Hai Loc much of Saskatoon would be at .7% or so. Slightly under in many cases. Especially for mom n pop type folks who farm out management to one of the many absolutely useless companies that operate locally.

Kelowna isn’t in the best part of the cycle right now, exercise caution.

I’m in SK and it is possible in Saskatoon. Not common, not easy, but possible in certain property types. Small towns would be more possible but with the higher risk higher reward should be expected.