Calgary AB, How are rental properties doing there?

[Alarich Alvarez]

Hello,

I am interested in acquiring a property in Calgary as a rental. I understand the market over there has taken a hit with migration and wages due to the oil crisis and that it seems like the crowd trends towards houses rather than apartment units. I am not expecting any appreciation, just cash cashflow. I am thinking of properties with a 200k-350k range.

What has the general experience been there for this purpose?

I am thinking of a condo around the downtown area. Any thoughts on how this would play out? Vacancy issues year-round?

What would be the better move for this type of purpose with that cash range within the city?

Any possible feedback or insight would be greatly appreciated!

Thank you!