Your lack of understanding is frustrating, especially since I know exactly what Im talking about.
Calgary rentals are most often NOT from new builds so the number newly built in Calgary is the least significant factor. They are mostly used homes or apartments that are BOUGHT and converted to rentals. That’s where the surplus comes from - when you live in BC and can sell one house there for 1.8 million and come to Calgary and buy THREE 600,000 homes or a small apartment block and rent them out, its a smart financial move.
Im done with the gaslighting my friend. I manage a landlords group, I have 120 landlords in my group we discuss this stuff weekly.
Your lack of understanding is frustrating, especially since I know exactly what Im talking about.
Calgary rentals are most often NOT from new builds so the number newly built in Calgary is the least significant factor. They are mostly used homes or apartments that are BOUGHT and converted to rentals. That’s where the surplus comes from - when you live in BC and can sell one house there for 1.8 million and come to Calgary and buy THREE 600,000 homes or a small apartment block and rent them out, its a smart financial move.
Im done with the gaslighting my friend. I manage a landlords group, I have 120 landlords in my group we discuss this stuff weekly.