Paul Chaput is back for his second guest appearance from the Edmonton Real Estate Forum. He is the Senior Vice President at Institutional Property Advisors, a division of Marcus & Millichap. Paul is a leader in western Canada brokerage, which we’ll be focusing on today.

We get taken through how BC, Alberta, and the rest of the real estate markets in the west have performed before the pandemic as well as during it. Paul also shares his thoughts on what the rest of the year should look like for these markets, including more growth in Alberta.

Topics covered include:

• Steady growth that the prairies were seeing when Paul was last on the show in 2019.
  
• A surprising rental stat regarding Edmonton versus Calgary.
  
• Cap rates in Alberta.
  
• How the price of oil tanking at the beginning of the pandemic hurt the housing market.
  
• The rising rents seen throughout this year in Alberta.
  
• The fundamental change at the beginning of the pandemic that is now reversing.
  
• What real estate market in western Canada Paul first saw coming back to life in 2021.
  
• The effects of people being priced out of Vancouver.
  
• Being able to forecast growth to investors in proformas.
  
• Using leverage versus needing leverage.
  
• What Paul thinks the Alberta market will look like as the year progresses.
  
• Advantages that Alberta has which attract more investment.
  

More about our guest…..

Paul Chaput, having gained experience and notoriety at another commercial brokerages as a top producing multi-family investment sales specialist, joins Institutional Property Advisors (IPA) as a seasoned industry veteran. Well versed in all aspects of the multi-family market, Paul regularly assists his clients execute their various real estate strategies. Over the course of his 20 years in commercial real estate, Paul has been involved in the acquisition and disposition of over $2.5B worth of real estate throughout Western Canada. Paul has had the honour of being a guest lecturer at the University of Calgary’s Haskayne School of Business, as well as a speaker and moderator at numerous Real Estate Forums.

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