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Calgary's resale home market seen as investment opportunity


“We’ve been very bullish,” says Francey, CEO of REIN.
“When you buy that property, you can put a tenant in it at a rent that can cover costs and still be left with some cash at the end of the month.”
In the Greater Toronto Area (GTA), Vancouver and other parts of British Columbia and Ontario, that’s a more difficult task for investors where prices are generally much higher.
Francey further notes investors buy real estate for three reasons: to generate cash flow, to pay down the mortgage thereby increasing equity, and capital (or price) appreciation.
And Calgary’s market currently provides all three upsides for investors. ....

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