The tradeoff is that, HFX aside, appreciation will be less here than in the GTA, Vancouver, or other parts of the country.However, if your choice is Calgary or TO, I would expect Calgary's recent economic slowdown to be creating more opportunity to find homeowners in trouble, but you would need to weigh this against the overbuilt levels of new inventory and the fact the buying population has also declined ...

also happening around this time in september, the UN is planning the new plan to manage the entire globe called the sustainable development summitin the last jubilee year in 1967, Israel won the 7 day war when they recaptured thier land beating egypt, the west bank and defeated syria.in the jubilee year before that in 1918, the british empire took back jerusalem from the turkish ottoman empire.the next coming jubilee starts on sept 14th 2015recent economic, financial and military signs all pointing to disaster belowcountries are moving away from the dollar.

That type of economic change brings in more renters from the "no longer homeowner" pool.  

UNIT SIZES:1-10, and 17-26 are 9x1469-56, 54-49, and 34-47 are 9x9the two corner units 48 and 55 are 19x9x1127-32, are 4x911-16, are 14x4It is located in an area close to where I have substantial real estate holdings and the area is in the midst of escalating population and economic growth.

Like someone said, Brooklyn isn't going anywhere, but Florida...between hurricanes, politics, and potential economic downturns, well the same doesn't hold true. 

If you can increase economic occupancy (the number of people actually paying rent each month), improve conditions and raise rents, and operate the property where you are maintaining everything and adding things like water conservation that reduce expenses you can dramatically increase the value of the property on just a 10% increase in NOI.My personal opinion is that apartments are a better vehicle for long term passive income.

That 42 - 47% income tax burden of which Chad wrote above ... well health care is one of the principal reasons.

@Trevor EwenI've been waiting for the "bubble" in much of Canada to lose cohesion for about a decade, yet somehow it continues to defy economic sanity.

I am a huge believer in the Roth IRAs, Health Savings Accounts (HSA), and Coverdell Educational Savings Accounts (CESA). 

Sorry I haven't been on, but family health crisis' happened (parents are elderly and unwell).I hope to find a mentor that deals with passive income very, very soon.