TSXV:LRT.UN - Post by User
Comment by
Time2soaron Sep 11, 2009 2:31am
226 Views
Post# 16296153
RE: credit
RE: creditI am in Fort Mac. I rent off Lrt.un and rent is very expensive. The whole town has expensive rents. I originally from Ontario and I am adapting to the environment out here. It is very hard to adapt to the housing situation, but being out here you need a different mind set. This place is unlike any in the country, due to so many high paying jobs in close proximity. The rents dropped a bit but not much. 2 bedrooms fully furnished hard to find 1 cheaper then $2600.00 plus have to pay for electricity and parking, heat and water included. 1 bedrooms fully furnished are going for $2000.00 same deal with parking and electricity. I hope you find this information useful. This is my first time posting and I am taking the gamble and invested into these units as well as I think they are undervalued. Quoted market value of 7.015 million is way out of line. If lrt.un sells off all real estate properties and pays off all their Fort Mcmurray properties I believe this unit will do well because the margins would be insane. The expenses are not much more here then anywhere else in Canada, it is just the rent/property value that hurts here.