May 5th, 2013
Want to be a landlord? As we saw in Part 1 Saskatchewan is a great place to invest. Let’s continue the discussion!
Part one was directed at potential landlords and income property investors in the rest of Canada and the rest of the world.
Whether you are a new investor, an experienced investor from Toronto who has had enough of the up and dawn laws for Ontario landlords, or someone overseas looking for an investment that brings you cash flow and appreciation, take a look at our province.
Despite a recent slow down, Potash is still at a very high level in the area. Oil is also enjoying a particularly good time, which is helping to keep many people in the workforce. In short, the boom is currently very strong and it doesn’t show any time of faltering any time soon.
McLellan doesn’t believe there will be a bust. He believes that Saskatchewan is going through a period where people are starting to realize what the area can actually bring to the world, including machinery and food, and starting to buy it.
Many of the businesses in the province are going through the same boom, and they are starting to face new challenges which they haven’t encountered before. McLellan points out that one of the main challenges encountered so far is that there is not enough people around to carry out the work that is needed. This is an issue which is expected to stretch out over the next few decades, which of course means there will be more migration into the province. Many of these people will be renters.
Success for the province is closely related to the production of grain products, such as wheat and barley. It is believed that both of these will play an even greater role in 2013 due to agriculture going through a boom.
To discuss this and other landlord and tenant issues go to the free Saskatchewan Landlord Forum