VICTORIA STARTING TO BURN FRONTLINE DISPATCHES FROM THE MOTHER OF ALL HOUSING BOOMS NEW PRICE RECORD SET FOR 33' LOT IN KITSILANO FOREIGN BUYER MISCUE SHOWS DANGER OF FAST MARKET NEW $740,000 CONDOS NOW "AFFORDABLE" VACANT OFFICE TOWERS SHOW LOCATION NOT ENOUGH VANCOUVER FLIPPERS: HAVE YOUR MORTGAGE BROKER ON SPEED DIAL U.S. HOME BUYERS UNDERESTIMATE EQUITY BUYING WITH A TENANT ALREADY IN PLACE
THE VANCOUVER EARLY CRAZY NUMBERS CMHC ANALYSIS NOT AS CRAZY AS IT SEEMS VANCOUVER PRICE ACCELERATION "NOT" A CONCERN BC MAY MOVE PPT CEILING A BIT HIGHER AGING VANCOUVER 4-PLEX: $870,000 PER DOOR FORT MAC PRICES SLIDE, RENTALS SOAR CROWDFUNDING FINANCES REAL ESTATE PLAY FAILED COLWOOD CORNER SAVED BY ONNI 10 BEST AND WORST U.S. RENTAL MARKETS SNOWBIRDS FACE RESIDENCY SCRUTINY - AND PENALTIES QUESTIONS, QUESTION
At my outlook conferences I stated for 4 years that we had two markets – the very rich and everyone else. 4 YEARS!
Now Bloomberg calls Vancouver: North America’s Costliest City and says that “Rich Chinese Take the Blame – more and more point fingers at Chinese money”driving prices.
Actually when Bloomberg puts it on its front page it may be over! Having said that the fact is that Vancouver’s EAST SIDE EVEN IS MORE EXPENSIVE THAN NEW YORK! It is getting crazy. East Vancouver detached house prices have rocketed up 24% in the past year and are now increasing, on average, by $20,000 to $30,000 a month.
To put this in perspective, […]
4 BEDROOMS, 3 BATHROOM HOUSE, BUILT IN 2006 - ONLY $179,900 CASH FLOW PROPERTY IN THE LOWER MAINLAND LOOMING BC STRATA RULE COULD CHANGE RESALE MARKET - ALLOWING EASIER SALES OF ENTIRE BUILDING THE ILLUSTRIOUS JIM DINES ON THE GREAT MICHAEL CAMPBELL SHOW EAST VANCOUVER PRICES RISING FASTER THAN NEW YORK CITY CALGARY CONDO INVENTORY PILING UP LOTS OF DEALS REQUIRE BEST POSSIBLE PREPARATION FOR GETTING THE MORTGAGE PARKING CASH FOR PROFIT NORTHEAST MARKET OUTLOOK
1. Vancouver, 5 suites in 2 houses on a double (6400 square foot) lot in the Mount Pleasant part of East Vancouver. We have owned the property for 10 years and have steadily increased the rents. They currently gross $89,000 per year and we are looking at raising rents for 3 of the 5 suites on September 1st.
The cap rate is 4%. Price $1,688,000.
2. Chilliwack, 2 bedroom townhouse in Chilliwack $179,900. Rent is $1,200 – leaving a positive monthly cash flow of $285.