Yesterday I celebrated a HUGE milestone - I had my 100th deal in Calgary go firm! This means I have helped 100 clients across Canada to invest in pre-construction properties in Calgary in 2022 alone! I wanted to say thank you to all of my clients who have made this possible.

Landlords, don’t forget that you must give at least 90 days notice before a rent increase. This means if you want the rent increase to take effect as of January 1, 2023 you need to give the notice by the end of September!

Calgary rents just shot up 5.8% in one month for 1 bedrooms and sit 28.3% higher than this time last year. Higher interest rates are keeping people renting who would have bought and increasing immigration is straining the tight rental market. The result > higher rental prices with no end in sight.

Most developers are being very open and honest about the struggles they are facing which I appreciate it. In developments, I have seen appliances swapped out for other brands, entire communities delayed because there were no sewer pipe available in the entire province, and even closings delayed because kitchen cabinets could not be sourced.

I’ve delayed investment decisions and waited countless times before making a choice because I wanted to see what happens or I tell myself I’ll invest in the next phase and I have missed some great opportunities. Then as soon as the door shuts closed, I curse myself saying “Why didn’t I do it?!” The majority of times it was the right call and I regret being too cautious.

I’ve delayed investment decisions and waited countless times before making a choice because I wanted to see what happens or I tell myself I’ll invest in the next phase and I have missed some great opportunities. Then as soon as the door shuts closed, I curse myself saying “Why didn’t I do it?!” The majority of times it was the right call and I regret being too cautious.

Keeping your money in a bank account, a GIC earning barely any interest, or worst of all in cash means that you are GUARANTEED to lose value EVERY SINGLE DAY when inflation is high. Do this instead.

According to data from Zumper, 3 of the most expensive cities in Canada to rent a 1 bedroom were in BC (Vancouver, Burnaby and Victoria). Toronto was just behind Vancouver with a median 1 bedroom renting for $2,100 (up 5% MoM and 22.8% YoY). 2 Bedrooms are renting for $2,700 (up 2.7% MoM and 22.7% YoY).

The Bank of Canada just announced that they will be raising interest rates by 1%. This increase was higher than the expected 0.75% increase because inflation has been running at almost 8%, well above the bank’s target of 2%.

Doug Schweitzer, Alberta Job Minister, recently said that 200,000 more jobs were added in Alberta since January 2021. The unemployment rate in Alberta has dropped to 4.9%, the lowest it’s been since 2015.

The rent increase guideline is the maximum amount a landlord can increase rent during the year for most tenants. In Ontario, that amount for 2023 is 2.5% which is below the current rates of inflation. Compare that to Calgary ….

Telus will be investing an incredible $17 billion into Alberta's network infrastructure. This means they will be hiring for a massive number of highly skilled, well paid positions, mostly in construction and engineering positions.

Canada was just ranked as the top country in the world to relocate to by 50 other countries around the world. Most immigrants settle in major cities and I am bullish on Calgary, Toronto, Vancouver & Montreal long-term!

I see investors making his mistake every day which causes them to miss out on opportunities that could be cash flow positive over $500/mth (I'm even guilty of this myself). I found an apples-to-apples comparison that demonstrates this so watch the video to learn more.

I had the pleasure of being interviewed by Dan Johanis on his podcast, Spilling the Tea. We talk about my career path into real estate, how I was able to grow my real estate portfolio to $4.5M and I reveal interesting facts about my past you likely don't know about.

The Calgary market is outperforming all other major cities in Canada, driven by 3 major factors: Oil Over $100/barrel, the burgeoning IT sector, and incredible affordability nationally. I expect this trend to continue in the coming months.

The Toronto resale market has been forced to take a pause caused by 3 major factors: Rising Interest Rates, Buyer Fatigue and Confusion over New Government Rules. Expect a more balanced market into the spring but with increasing rents.

Investing in Calgary or any part of Alberta from out-of-province is just like buying real estate in your hometown. Everything can be done remotely and even from the comfort of your couch!

Sales in February were down significantly YoY but still remain historically high and prices continue to rise. The flight to the suburbs is over, low-rise affordability is a factor and the high-end condo market is growing.

2022 is going to be a wild ride that will be impacted by mortgage rates, inflation, immigration and a lack of listings.