Investing

Perhaps you are a landlord looking to expand his/her rental property portfolio or would like to take advantage of the buyer’s market and start a property investment portfolio? 

With interest rates so low, it is a good time and somewhat of a smorgasbord to choose from in terms of inventory, style selection, price point, locations, etc. However, property investors looking for new rentals should know that the high-end corporate executive rental market has fallen off, it is not anywhere close to what it was in 2012-2014, or even 2015. Many landlords in Calgary have had to take a hit of 20-30% or so from rents asked 18 months earlier. Sure, the corporate market will pick up, however, when that happens, we are not sure. You can go onto www.rentfaster.ca and see how many homes are for rent in a particular style or community.

Taking the balanced route is a good way to purchase in this market. Spread the risk in the mid-level, where you capture the largest resale buyer audience and the rental market. Kind of like playing a swift game of Monopoly = you do not want to just end up with Park Avenue and Boardwalk, you want to spread the risk. Too expensive to maintain, whereas other properties on the board are easier to maintain, and still reap rewards. Investing in the city during this market condition, or any market, is not much different. Let us take a closer look at some useful calculation tools.

I would strongly suggest first talking to your personal accountant/mortgage broker/bank before running out and adding stock to your property portfolio.