Wholesaling in Alberta Canada

[Luis Rojas]

I am looking for anyone in the Canada, specially in the Edmonton/Lacombe/Red Deer areas to share how the wholesaling market is. I have a partner that is new to real estate investing and she is looking to do wholesaling deals in that area. To me it seems like wholesaling in Canada is not as common as in the States, but is it still worth a while? 

Thanks  

[Ram Srinivasan]

@Todd Shields @Luis Rojas

I believe wholesaling doesn't work in Canada as well as it does in the US for a couple reasons:

1) The rate of mortgage default is MUCH lower than it is in the states. CDN banks are notoriously strict for lending

2) Market is much pricier here than in the states, limiting the pool of investors who are looking to getting into the game

3) Canada's information laws are so much stricter than in the US where so much is information is public record. For example, you may pull the title of the house, and find an owner - but you are not able to know exactly where that owner resides. Pulling title costs $, which is another barrier to entry. We don't have a whole lot of "list source" type of companies that exist in the states.

I am no expert on the fix and flip whole sale game, but I believe door to door, mass marketing are probably the two ways wholesalers can play the game here.