@Ian Ong look at secondary markets or partner on some out of province deals where the numbers make sense :)

You'll meet folks from all over the western states and western provinces of Can.

And those type of rentals in my humble opinion are the province of local investors who own a lot of them and run them as their business model.. for out of area investors the cost of owning will strip most cash flow over time.. to down right losing capital.. and capital preservation is a must in this business.

Nearly 20 years later, Eric’s portfolio has matured and now includes a wide a range of suites in multiple provinces.

LeeYes, a vendor carry is possible in Canada (Ontario or any other province).  

Now that was 2002 and it was  BC  maybe different in different province's 

Compared to other provinces like Alberta, our laws are awful.

(province,cities) What are your vacancy rates?

I own property here and out of province.

@Steve R.Most residential real estate agents are not going to be out scouting for ugly houses ... if one is dropped in their lap, they may bring it to you - or to an agent in their office who is willing to deal with it.You have a far bigger chance of finding your own: read the local classifieds and your provinces version of the Royal Gazette for foreclosure/mortgage/tax sale announcements; lace-up your runners and get in a morning 5-miler around the neighbourhoods of interest; talk to the postal carriers, etc.