Estevan or Regina, Saskatchewan

[Tyler Purser]

Is anyone familiar with Estevan, looking to purchase a property but have heard some off-putting information regarding work in the oil industry / saskpower. I am currently working at saskpower making some decent money and so my wife and 2 kids moved out here so i would not have to travel or be away from the family. Now I am renting a place for 1500 a month and my place in regina is being rented out. With any extra cash I can accumulate I was going to buy another property. Just can't decide whether to buy a place to reduce monthly housing expence or go offensive and buy a rental to increase income. Was hoping to have a conversation of the pros and cons. Thanks

[Blaze Mutton]

@Tyler Purser Hey! I am from Estevan but I currently invest in Regina. There is bad news around “The Oil Patch” and Saskpower has been decommissioning boilers. But everything runs in cycles and oil exports in Sask are close to their all time highs of 2014, with oil exceeding 80$/barrel ( which is really good ) and it’s expected to keep rising back above $100. I’m not a fortune teller though and I personally invest in Regina myself. There was a lot of new-build apartments in the last boom that are sitting vacant right now so be aware of that. I know the coal mine was looking bleak for awhile but my father is a senior foreman and said they are so far behind on coal deliveries so it’s hard to say honestly. But if you have any other questions don’t hesitate to ask