Posted : September 5, 2023
Over the past 18-months, we have been having many conversations with multifamily investors regarding the BC apartment market. The overall confidence level being cautious at best as interest rates are killing deals, and the delta with price expectations being too large between Buyer and Seller to make the investment work. However, the conversation also steers towards where are we seeing the opportunities. Our answer as of late: Alberta. What would steer typical BC apartment investors into the Alberta market? Despite the obvious cost of living and affordability differences, Alberta has done a great job diversifying from the heavy dependence on a fluctuating oil and gas industry, with recent growth in the renewable energy and technology industries. With many job opportunities in these sectors and a staggering growth in remote work, Alberta has become an attractive place for skilled professionals from all sectors.
Click Here to read more.