Mainstreet Equity B.C. acquisition that is launching binge. Certainly one of Western Canada’s biggest landlords makes an aggressive purchase campaign focusing on little town B.C.

Mainstreet Equity B.C. acquisition that is launching binge. Certainly one of Western Canada’s biggest landlords makes an aggressive purchase campaign focusing on little town B.C.

Certainly one of Western Canada’s biggest landlords, which currently controls a 3rd associated with the Surrey, B.C., multi-family leasing market, is preparing a multimillion-dollar purchase expansion in British Columbia – a move this is certainly producing a currency markets buzz.

“Tell your visitors i will be buying,” Bob Dhillon, creator and CEO of Calgary-based Mainstreet Equity Corp.(MEQ.TSX) told Western Investor.

Dhillon, who has got taken Mainstreet from the 22-cents-a-share launch in the Toronto stock market to a $65-per-share behemoth with $2.1 billion in assets and almost 14,000 leasing devices, contends it really is smaller, older apartment structures that provide the investor opportunity that is best in B.C.’s multi-family market.

Their target renters, which he said are legion, are the ones in a position to spend $1,000 or less for rental, it may be closer to $1,400 even in the secondary B.C. markets he plans to buy into though he noted.

“We are typical about affordable housing,” Dhillon stated, “but Mainstreet is just a cash-flow device.”

To date in 2010, Mainstreet has invested about $89 million purchasing apartment buildings, mostly in Alberta.