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Updated about 3 years ago,
Investing in Edmonton, Alberta, Canada
Hey Everyone, I am looking to make moves in the Edmonton, Alberta, Canada market. My wife and I are entrepreneurs and have decent access to liquid cash (400,000K) to invest. Just curious what others are seeing with the recent downturn, Covid, Oil prices, unemployment rate, would anyone offer suggestions whether Edmonton is worth looking at for deals ? My concern is real estate values haven't increased since the oil crash in 2014. We have been considering going to the US market since it seems like there are better CoC returns and more deals to be found.
Also, for other seasoned investors, how are you finding the right properties in competitive markets like ? There are some already strong established flippers and investors who seem to have the market consumed. Before the 20% under market properties come up they are tied up by established investors. Tips on how to break in to a market that is very competitive ?
Cheers, thanks for all your ideas.
Chris