Red Deer?

[Kartelli]

Which areas are more "preferred" to look for investing for a 2 year term.

Preferrably newer with higher resale value.

Townhouses or apartment condo's in the area?

Im moving for a new job there, trying to invest into a revenue property in the mean time.

[DoubleLP]

SYLVAN LAKE.

Especially in the summer! Love those beaches!

[TKRIS]

Housing market here has cooled in the last 3 months. A friend of mine is currently selling his place in Sylvan.
3-4 months ago, he'd have gotten ~$35,000 more than he'll get now and it would have been sold in a week.

There are still several really good deals to be had in Blackfalds. Older, well maintained houses with double garages for ~$250,000.
Also, Schlumberger is moving their shop to Blackfalds, as well as another large company (who's name elludes me at the moment), so over the next 2-3 years, there will be approximatly 800 more jobs moving there. In a town of ~5,000 people, 800 jobs in an already good market could mean a pretty good return on investment.

Hope that helps,
Kris