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

  • Raleigh Square – Red Deer Alberta

    7180 Park Avenue, Red Deer, Alberta

    Purchased December 2017 for  $3,024,000 with a $2,740,000 VTB (90% for  3 years)

    Altyn Equities invested $200,000  and co-managed the venture

    Property was refinanced in September 2018 for $5,380,000, 8 months later!

    Approximately $1,000,000 invested for a value lift of over $2,350,000.

    Substantial Value increase in a short time frame by upgrading and raising rents accordingly.

    ROI: Substantial ROI - Please contact

    Sold for: Substantial - Please contact

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  • Church Road – Spruce Grove

    200 Church Road, Spruce Grove, Alberta

    Will Purchase August 2018 $1,750,000 with a 75% loan @4.5% for 5 years

    Cash required $750,000

    ROI: Please contact for more information

    Sold for: Subscription filled - Currently Active

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  • Mansard Terrace

    710 8th Street East, Saskatoon Saskatchewan

    Purchased 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

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  • Marsin Apartments

    2440 Louise Avenue, Saskatoon Saskatchewan

    Purchased 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 ➝
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