Is It Time To Buy A Revenue Property

house for rent

The Calgary rental market is primed for continued lower vacancy rates, having dropped 27.1%* in the last five years. With lower interest rates during that time, renters were able to purchase their first home, as many long time revenue property owners sold into strong selling markets.

It is an excellent time to purchase a rental investment, be it single or multi family properties. Perhaps you want to diversify your investment portfolio, your adult children are moving out/attending a local college or university, or looking for additional revenue from a primary residence.

The key is to acquire properties that offer the best occupancy stability; location is the #1 criteria. Generally, a deposit of 20% is required from Lenders, and interest rate fees, as well as ongoing improvements made to the property, are written off against rental income. Let’s discuss the best strategy for you.

* Alberta government stats - https://regionaldashboard.alberta.ca/region/calgary/residential-vacancy/#/?from=2017&to=2021

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