People shouldn’t invest because of the macro economics. China is collapsing and they will pull their money from abroad in vancouver and Toronto- vancouver is inheriently a better city to invest in if you can. There’s rumours of the province introducing rent caps too so when that comes people won’t be able to gouge renters like they have the last two years to offset their mortgage. Also- our national inflation continues to not be controlled so interest rates will stay high for longer and with Calgary having the most housing starts in Canada there will be more supply here than other cities in the next two to three years
Thanks for your comment. I will say that much of what you are stating can be categorized as speculation though. I'm not saying that you can't be right, but there are many other factors that you may not be taking into account in your statements. Is China the primary driver of price and migration to Alberta? Why or why not, and where are you citing that fact from? What exactly about Vancouver do you believe makes it a better city to invest in today? A CREA study I discussed in another video no longer puts Vancouver in the top 5 places to invest in Canada? Over 50,000 people moved to Alberta to date in 2023 (both international and inter-provincial migrants). Could higher housing starts here be an attempt to keep up with demand? When are rumoured rent caps coming to Alberta? Lots to consider at the macro and micro level. Yes, Investing always takes an element of risk but it is good to look for pros and cons to every decision and review reputable sources whenever possible.
You can still have cash flow in Calgary if you find proper investment property.
People shouldn’t invest because of the macro economics. China is collapsing and they will pull their money from abroad in vancouver and Toronto- vancouver is inheriently a better city to invest in if you can.
There’s rumours of the province introducing rent caps too so when that comes people won’t be able to gouge renters like they have the last two years to offset their mortgage.
Also- our national inflation continues to not be controlled so interest rates will stay high for longer and with Calgary having the most housing starts in Canada there will be more supply here than other cities in the next two to three years
Thanks for your comment. I will say that much of what you are stating can be categorized as speculation though. I'm not saying that you can't be right, but there are many other factors that you may not be taking into account in your statements. Is China the primary driver of price and migration to Alberta? Why or why not, and where are you citing that fact from? What exactly about Vancouver do you believe makes it a better city to invest in today? A CREA study I discussed in another video no longer puts Vancouver in the top 5 places to invest in Canada? Over 50,000 people moved to Alberta to date in 2023 (both international and inter-provincial migrants). Could higher housing starts here be an attempt to keep up with demand? When are rumoured rent caps coming to Alberta? Lots to consider at the macro and micro level. Yes, Investing always takes an element of risk but it is good to look for pros and cons to every decision and review reputable sources whenever possible.