An increasing number of homebuyers are turning their backs on traditional property hunt methods and getting more creative
Frustrated by the limited quantity of “good” investment properties listed on the MLS system, buyers are focusing more on building relationships with specialist Realtors and companies.
“We are seeing a lot more people move away from the MLS to get good investment deals,” says Corey Young from the Alberta on Fire Investor Team in Edmonton. “With the inventory low in many big markets, buyers have to do a lot more work to get the right properties and at the best price.”
Speaking to CREW, Young says more investors are also switching to turnkey new builds as that is where the deals area.
“We have established relationships with so many builders so we are able to get the deals that buyers just can’t when they walk into a sales centre,” he says. “We are seeing a lot more investors pick up duplexes and triplexes now as well in the Edmonton area. “
Young says single-family home buyers should target properties that have a garage on site, adding that this is now a top priority for renters. “With the harsher winters, more people are looking for large garages for their cars and storage.”
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