Quote:
Originally Posted by ranchlandsselling
So, according to CMHC's average 1 and 2 bedroom rents of $1,130 and $1,357 for downtown....
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Great post, but just to nitpick a little, I think those rental rates are too low. My Inglewood condo is worth roughly $350k and I think I could get somewhere around $2500/month for it in today's market. Whether that is sustainable or not remains to be seen. The other factor you're leaving out is appreciation of the real estate. Obviously it's been higher over recent years than what one should normally expect, but in general, in Calgary, you can expect your property to appreciate.
It's all subject to the individual situation.