All Forum Posts by: Oday Hoorani

@Steve R. Thank you Steve for the information. I will try to dig deeper into calgary and make my numbers work.

@Dax Gurr There are plans to expand the Ctrain there I believe, and also the city is introducing a new train line on Center street (Cutting between NW and NE right by the airport) but this would take at least 8-10 years in my opinion.

Dear all,

My name is Oday, and I just jumped onto real estate investment. I am currently living in Calgary and looking for rental investment properties. 

After doing some research, and draft math - Im having trouble finding good deals around. Calgary's market is down, however its still too expensive to break even for a rental property. I have looked into different cities, and its almost the same thing. 

Mainly its due to the high purchasing price along with an average mortgage rate of 2.5 - this raise expenses to almost break even with the average rent rate. I am mostly looking for properties around universities (constant supply of tenants).

Does anyone have an advice for me of where to look? which cities? I found that the Canadian market is not really friendly for investment (Compared to the US for example). Am I the only one? or is everyone facing the same problem? 
Please share your knowledge and cities recommendations.

Thanks!