Landlord Armageddon in Calgary – is the sky falling?

 

 

pe-li-rental-sign-620

headlines like these from CBC and other sources definitely make headlines. For the most part landlords are vilified as opportunistic weasels in times when rentals are tight, however 2016 being a complete renters market, things have taken a dramatic shift in Alberta and Saskatchewan.  Yes I won’t sugar coat it. It’s downright ugly and a crappy time to be a landlord in the prairies.

http://www.cbc.ca/beta/news/canada/calgary/calgary-rental-market-cmhc-vacancy-rates-1.3758070

The flip side, and especially for me and my investors, is that times like these are small, and have provided the PERFECT time to purchase rentals as landlords read these newspapers and start shitting their pants and hit the sell button. Since 1980 there have been 3 noticeable downturns, each producing a small period in time in which quality buildings were on ‘sale’ for the inevitable bounce back  shortly thereafter. In my estimation, the remainder of 2016 and 2017 will be the best buying opportunity in years, and perhaps decades.  Be greedy when everyone is fearful, and that time is now.

 

    Success Stories

  • mansard sold out

    Mansard Terrace

    710 8th Street East, Saskatoon Saskatchewan

    Will purchase October 2017 $1,470,000 with a 65% loan @3.25% for 5 years

    Cash invested $630,000

    ROI: Please contact for more information

    Sold for: Subscription filled - Currently Active

    View Project ➝
  • marsin Sold out

    Marsin Apartments

    2440 Louise Avenue, Saskatoon Saskatchewan

    Will purchase October 2016 $1,200,000 with a 75% loan @3% for 5 years

    Cash invested $420,000

    ROI: Please contact for more info

    Sold for: Currently Active

    View Project ➝
  • chaben

    Chaben Place

    3609 Chaben Place, Saskatoon Saskatchewan

    Purchase March 2016 for $2,710,000 with 75% loan at 3.4% for 5 years

    Cash invested  $840,000

    8 investors to share in the profit share and equity

     

    ROI: Please contact for more info

    Sold for: Currently Active

    View Project ➝
  • beaumont-place

    Beaumont Place

    4902 50th Avenue Beaumont Alberta

    Purchased December 2014  $2,900,000 with 75% loan at 3.55% for 3 years

    Appraised for  $3,050,000 (October 2014 appraisal)

    Current Value (July 2016) $3,700,000

    Cash invested  $900,000

    ROI: Please contact for more info

    Sold for: Currently Active

    View Project ➝
Menu