All Forum Posts by: Stevo Sun

Thanks for sharing @Stevo - that's what my fear was as well. I follow several investor Alberta  facebook groups and they were commonly flooded with cmhc mli select deals. 

anyone from Edmonton can compare? 

I know Saskatoon is building lots in the suburbs but not much high density in the downtown area which is surprising to me.

I've seen a large surge of multifamily development deals come up in Alberta over the last 4-5 years. ( for the seasoned investors ) In your  opinions this market - is it too late to start getting into development while there are easing of zoning restrictions and more options for cmhc financing? Im considering to start up in Saskatchewan Canada - Have land under contract for a 20 unit- but am curious to local opinions for those who have done it prior. 

@Stevo Sun The workforce needed to operate these data centers (I believe there are well over a dozen sites that are proposed) may not be as large as the oilpatch, but the workforce needed to build them would be immense. Not to mention all the subsidiary jobs that will be created to support such an influx of trades. Also, these sites are chosen because of their direct access to natural gas for essentially unlimited electricity potential. This means that there will be immediate demand (customers) for natural gas right in our own backyard. The oilpatch will benefit for ongoing production and continual maintenance. Another reason for these sites up here is the incredible amount of heat these data centers generate. The ongoing costs in a cold weather climate are greatly diminished, not to mention the relatively easy access to water for those same purposes. As you mentioned, who knows if this will come to fruition, but the economic potential is absolutely incredible.

@Stevo Sun : So, Only for Calculator having pro membership worth it? Any alternative for calculator without pro membership.

Hello from Calgary, Albertan. I am a New member to this platform but, long time listener of BP podcast. I am looking for Canadian Rental Deal Analysis Calculator. Is there anyone who can guide me on it? 

 Looking forward to get add into the Canadian groups as well..

I’m looking to start investing in real estate this year and would appreciate insights from experienced investors on the best strategies in today’s market. With new regulations in Canada like the flipping tax and property gains tax, I want to be mindful of the risks involved.

I’m exploring a few options and would love to hear your thoughts on each:

1. Airbnb Rentals: Is short-term rental still a profitable and sustainable option given current regulations?
2. Residential property rental: Could this be a scalable and profitable approach, or is it too risky?
3. Commercial Property Rental: How viable is investing in commercial spaces for steady income?
4. Other Strategies: Are there safer or more profitable alternatives I should consider?

I’m also concerned about challenges like dealing with difficult tenants and navigating new taxes. Any advice on how to mitigate these risks would be greatly appreciated.

Looking forward to learning from your experiences.

Thank you!

I am considering building up on my fourplex. 2 additional units. The cost would be about 500k about $250k cheaper than it would be to buy another duplex property in my area. I will likely get approval based on my zoning. The footings support an addition. I would be taking equity out of the property to build. I am debating the move and would like to know the downsides I might be overlooking. Currently the building runs well, good tenants who are below market rent but there is harmony and dependable cash flow. Thoughts?

Thank you. In this case the current financials on the property aren't great(rents well below market value and the owners family living in several of the suites) so the lenders will likely not provide the funding based on poor NOI. The actual potential value of the property is disproportionately higher than you would expect based on current revenue. Also, the owner expressed concerns over the capital gains tax early in the discussion...so I am thinking the opportunity to do vendor financing will help me get a good purchase price and help the vendor with taxes. Also, I plan to put 20% down...rather than 25%...which will allow me to keep cash on hand to complete the needed rehab. I am assuming that most lenders require 25% DP.