Deciding on where to invest in Canada

[Mike Henricks]

Hi there,

I’m fairly new to real estate. I’m 21 years old and currently living in Edmonton, AB. I’m currently in the application process to get my mortgage associates license, and have been listening to the BP podcast for about a year. Until now I’ve been building cash to get started.

I’m trying to decide on where to invest in Canada. I’m interested in buy and hold rentals mostly for now. The numbers in Edmonton just don’t seem to work out to be profitable for me. I am an open book! Able to work anywhere in Canada as I work from home.

I don’t necessarily just want to hear names of locations, but more so how to decide and find where is best. So far what I’ve been doing to research is checking growth rates, as well as rent rates compared to property values and what the rate of growth for the rent is.

What do you recommend for deciding where to invest when you have no restrictions as to where?

Thanks all!

MH