If purchase drop by 1% fewer employees will be needed, starting a cycle of layoffs.  

Kelowna isn’t in the best part of the cycle right now, exercise caution.

Mostly driven by "normal business cycle", "after corona boom" and Expo in Dubai I can see a price increase.

And lots of things can be true at once: Low interest rates creating bubbles, late to the cycle beginner money following trends, legitimate inflation hedge, long term market patterns favoring rental assets, downsizing boomers creating a larger market than poorer milennials (which is a huge group as well) covid disruption.

This is huge.I bought one last cycle for 55k where the previous owner was deceased.

Because people thinks there're lot more population growth in certain place, they spurs new building development which at the end of the cycle is creating oversupply to the market.

I plan to purchase a few this year to get my feet wet and find out a good cycle of dealing with tenants.

Using this method I’ve been able to cycle the same capital through three different properties in two years.

The market cycles, hence the old phrase " date the rate, marry the property" because when rates do come down you refinance and produce more cashflow.

It will be like normal business cycle, and as other's have mentioned, locally dependent.