So you’re priced out of your local market and wondering if there’s a better way. You’re not alone. Many investors across Ontario, British Columbia, and even Quebec are shifting focus to Alberta — and for good reason.
But how do you invest in an apartment building you’ve never seen, in a city you’ve only Googled? Let’s break it down.
Why Alberta Is Catching Fire Among Investors
Alberta checks boxes that are getting harder to find elsewhere:
- No provincial rent control, which allows your rents to reflect market conditions.
- Favorable landlord laws, especially compared to Ontario’s strict LTB system.
- Higher cash flow, it’s not uncommon to see positive cash flow on a 10–20 unit apartment, something that’s a pipe dream in most GTA markets.
- Economic growth in Calgary and Edmonton is benefiting from increased job growth, tech sector expansion, and a steady stream of interprovincial migration.
Case Study: Buying a 12-Unit in Edmonton vs. Hamilton
Let’s say you’ve got $400,000 to invest. In Hamilton, that might get you a 4-plex if you’re lucky. In Edmonton, that could be your down payment on a 12-unit building, purchased through CMHC MLI Select with only 15% down and a 50-year amortization.
Better yet, that Edmonton property might generate $2,500+ in monthly cash flow from day one.
Your Alberta Investment Checklist
- Find a local property manager (Green Casa is a great start in Calgary).
- Use a mortgage broker who understands CMHC-insured lending, as it’s key to leveraging properly.
- Tour the city virtually with Google Street View, virtual walkthroughs, and drone videos. It’s all possible before a site visit.
- Line up your inspection and appraisal during a 2–3 day visit once you’re under contract.
- Understand Alberta’s closing costs: no land transfer tax, no speculation tax, lower legal fees.
The Distance Factor: Not as Big a Deal as You Think
You don’t have to be physically present to be a successful investor. With proper communication, systems, and trustworthy partners, your properties can be just as well-managed from a province away.
Final Thoughts: Alberta Is Investor-Friendly for a Reason
Calgary and Edmonton are welcoming markets for out-of-province investors because they need more housing. That creates opportunities not just for good returns, but for impact.
If you’re tired of watching your money sit idle in overheated markets, Alberta’s multi-family sector might just be your next smart move.
