»
There are still lots of opportunity to invest in the Grande Prairie Market, with rents at $500.00 per bed room our up/down units are cash flowing at $2,500.00 per month. Even if rents drop to 450 per bedroom per month, that offers a 7 to 8% cap rate. Mutual fund RRSP’s just don’t hold up to the return on investment that real estate offers. As things tighten up the basic food, clothing, and shelter “instinct” kicks in and you just cant live Canada with out a home. The number of renters will increase as average people will spend money on cost of living rather than growth equity.