Investing in Alberta
Hi there - having just moved from Alberta and still trying to sell a house there, I would say to be cautious with the market right now. Sometime last May, the tap just shut off and the crazy high prices that Alberta had been experiencing just kind of dried up. If you are able to find something for a good bargain and sit on it for a year or so, you may do okay. However, the market is not supporting the quick purchases and flips that it was a year and a half ago.
I am noticing that prices are significantly lower than they were during the crazy boom - in Sherwood Park, where I am selling, there wasn't a house under $400,000 for awhile, now there are a lot under $400,000 - so if you bought now it is possible that it would appreciate back to where it was last year, but not in the immediate future.
Anyway - real estate investment can always be tricky - you need to research your market and be sure that you can absorb the risks.
Have a great day!!!!!