Market in Canada for Multi-Family

[Anna Korishch]

Hello Everyone!

My husband and I are beginners in real estate investing from GTA, Ontario. Since prices here look too expensive for us we decided that we would like to choose another market for investing in. We are ready to invest long distance. This is why we would like to get some understanding regarding what markets work for others.

We would like to invest long-term in rental multi-family properties. We are planning to start with small residential properties in order to get some experience. The idea is to buy 3- or 4-plex this year that would require some minor renovations and rent it out. Ideally, we would like to buy properties that have some cashflow ($100 per unit would be great) and some average appreciation over a long run.

Currently we own several condos in Toronto, one in Vancouver and a single-family home in Edmonton. All these investments are mostly passive. We would like to become more deliberate knowledgeable and active real estate investors in the nearest future.

If anyone is ready to share where they invest and what markets work for them it will be highly appreciated. I am new to BiggerPockets, forums and real estate networking in general, so any suggestions and constructive criticism are welcome as well.

Thank you for your time!

[Jordan Perry]

@Anna Korishch I have had some success with investing from a distance in Atlantic Canada (New Brunswick and Nova Scotia), but as Chris Baxter said, The market in Atlantic Canada is tightening up quickly Especially Moncton). I have been focusing on Saint John New Brunswick lately and have had some success (I purchased a 4 unit in Fredericton and 6-unit in SJ late last year and have another 4 unit currently under contract in SJ). 

I would be happy to share my experiences of investing out of province and how I build teams to help in each location. Feel free to P.M me!