All Forum Posts by: Gurjot Grewal

@Zorya Belanger @Account Closed Thanks for your reply, I have picked up this book. Ill also look into your other suggestions. 

 Thanks, appreciate your insight @Chris Baxter. Will do some more research into smaller communities around the areas I was considering.

@Chris Muller Thanks for the reply. It sounds like exactly what I'm looking for, my worry was it may be outdated. On the point of distance, that is definitely something Im considering. Calgary/Edmonton would be a hour flight, and on the cheaper side which is very nice. And agreed a property manager is a must for me.  

Perhaps I have gone a little overboard on the analysis, I will take that into consideration. I am definitely open to smaller centres in other provinces. Are there any specifics that you would suggest I focus on in terms of; population size, hours from a large city centres etc ? 

@Chris Baxter Thanks for the quick reply. The main metrics I have been looking at are; population growth, immigration laws, housing appreciation history, unemployment rates, vacancy rates, diversity in economy, median house price/median rent.

Sydney I chose based off somewhat recent changes leading to more jobs and population growth in that area. Whereas prior the population had been declining, my thought process is maybe other investors are not considering sydney as halifax seems to be where alot of investors are going.

Calgary is where my partner used to live and understands the areas pretty well.

The rest are based off what I have seen on here with older posts as well as what I'm hearing on podcasts to be honest. 

Hello BiggerPockets, 

I am brand new to this platform and currently in the learning phases of real estate. The past few months I have read some of Brandon Turner and David Greene books and absorbed countless hours of audio content through podcasts. I feel confident at this point to start approaching my future team and my goal is to close on my first property by the end of this year. My problem is I am unable to decide on a market to invest in. Being from BC I have decided to pursue long-distance investing. I have analyzed Edmonton, Calgary, Saskatoon, Regina, Halifax, Sudbury, Windsor and some smaller communities; Prince George, Crankbrook, Sydney, but I just cannot decide where to start truly putting all my time into. 

I would like to start with a duplex, either half and half or a house with a basement suite. Interested in long term buy and holds, appreciation would be nice but cash flow is a must. 

I feel that what is holding me back is my lack of understanding the cycles of real estate so I came across this book; " Secrets of the Canadian Real Estate Cycle: An Investor's Guide "by Don Campbell,  would this still be relevant to the Canadian markets in 2022? I am hoping this will give me more insight into the different markets we have in Canada, allowing me to finally choose where to pursue. Would also appreciate any advice more experienced investors may have to offer or even pointing me in the direction of more information. Thanks in advance.