Quote:
Originally Posted by gladaki
I read somewhere about cap rate rule of thumb which states that the monthly rent should be equal to or greater than one percent of the total purchase price of an investment property.
Does this applicable in calgary market ? Do you recommend getting into rental property in Calgary ?
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That rule of thumb hasn't been true since interest rates were WAY higher than they are now.
I think Calgary real estate is probably a decent buy right now, but that rule of thumb isn't realistic.