It’s a GREAT Time to Invest in Rental Properties!

It’s a GREAT Time to Invest in Rental Properties!

The rental market in Canada and Saskatchewan has really exploded within the last year, and the National Rent Report as of was just released. πŸ‘‹πŸ‘
πŸ”ΉHere are some key points:
Regina – The average rent for a one-bedroom was $1,225, marking a 1% monthly increase and a 19.6% annual increase. The average rent for a two-bedroom was $1,410, reflecting a 0.2% monthly increase and a 13% yearly increase.
Saskatoon – The average 1 bedroom rent was $1192, which was a 3.7% increase month-over-month, and 11.2% increase year-over-year, while the average 2 bedroom rent was $1411, which was a 0.4% increase month-over-month, and a 13.7% increase year-over-year.
Regional differences in rent increases were noticeable, with Nova Scotia, Alberta, and Saskatchewan leading with annual rent escalation rates of 19.1%, 17.8%, and 17.5% respectively.β€’ In January 2024, asking rents in Canada hit a new high, surging by 10.0% annually to $2,196.
Becoming a property investor can be a lucrative venture, especially when rents are on the rise. In Saskatchewan, where rental rates have seen significant increases, investing in rental properties can offer a promising rate of return and a steady source of income. By purchasing properties in high-demand areas and renting them out at competitive rates, investors can capitalize on the growing demand for rental housing.
πŸ”ΉLet Me help you build your current investment portfolio or if you are NEW to becoming a property investor, let me help get you started identifying properties with good potential for rental income. Additionally, helping keep you informed about rental trends, property values, and regulations in the province can help you make informed decisions and maximize your returns. With the right strategy and a well-managed portfolio, property investment in Saskatchewan can be a rewarding and profitable endeavor.
πŸ‘‰Oh and did I mention over and above helping you make the move into expanding or creating your investment portfolio, my Brokerage, Global Direct Realty Inc. has a Property Management Division to further assist in managing your property investments if you need.
πŸ“²Call Me for more information and let’s talk Real Estate & Real Estate investing for your future.
Your Real Estate…My Expertise!