Public transportation like you describe coming in 3.5 years almost always raises property values and usually greatly increases rental profits and stability therefore resale value.

Transportation issues are a problem regardless that needs to be addressed.

.- low prices- very good price-to-rent-ratios in the B class neighborhoods, and fantastic price-to-rent-ratios in the C class neighborhoods,- low property taxes- very landlord friendly laws- major city with good transportation, good infrastructure, and solid employmentNotice that appreciation is not on the above list. 

Transportation can be difficult if you don't drive or own a car.

@Brandon Borah Unless you have a time machine that will transport you back to 2006, I doubt that you'll find anyone that will do that, but I could be wrong.

I would like to be within an hour transportation of the city though.

Current sales went down but prices are still climbing.We recently invested in Victoria as it has the correct economic fundamentals in place (GDP, Unemployment rate, transportation and population growth)Banks in Canada have always been careful as far as lending (which has sheltered us from the 2008 real estate crash) and there’s no signs of seeing that change in the near future.

Possible causesOverpricingQuality of UnitQuality of Neighbors (homes and businesses)Location of Neighborhood, Amenities, Transportation, and Employment OpportunitiesSupply and Demand in your areaEffectiveness of your marketing  (Are you reaching the potential renters best suited for this property?)

My godson delayed getting a car because public transportation was a better option where he lived.

-Close to public transportation, schools and water..What am I missing here?