DON'T LOOK NOW BUT IMMIGRATION TO B.C. HAS GONE NEGATIVE More people coming from Saskatchewan than all of Asia HERE'S AN IDEA: BUILD ON TOP OF RENTAL HIGH-RISES MORTGAGE SCRUTINY GETTING TIGHTER, NOT SMARTER PRIVATE MEETING ON HOW TO STOP FOREIGN INVESTORS PLANNED BRIDGE TO COAST WOULD DOUBLE VANCOUVER-CITY LAND BASE STRATA INDUSTRIAL REMAINS TRICKY FOR INVESTORS Harder to post positive cash flow than with a residential condo ALBERTA COMMERCIAL MARKET HAMMERED BY OIL PRICES
CLIMATE CHANGE - MEA CULPA HOT PROPERTIES BUYING HOMES IN EUROPE FOR TAXES OWING OLD WALK-UP APT BUILDINGS WORTH MORE THAN NEW BUSINESS TOWERS WHAT IT COSTS TO BUY MULTI-FAMILY LAND IN METRO VANCOUVER RENT CONTROLS OFF THE TABLE IN ALBERTA: RENTAL RATES SOAR MORTGAGE HELPERS NOW FACTOR IN DETACHED SALES LUXURY HOME SALES ARE SOARING DON'T EXPECT A BANK OF CANADA RATE CUT SEPT. 9 SUBSCRIBERS BOOK YOUR TICKET TO OUTLOOK 2016 CONFERENCE
Well, in a co-op essentially – residents buy a share allocated to a particular apartment in the co-op building but the building is owned by the Co-op Society. There are two kinds:
Profit and non-profit. The non-profit buildings are mostly government sponsored (through loans), have income restrictions and are meant to be given back at no profit. Actually most subsidies run out by 2020 … will be interesting to see what happens to them then!
The ‘profit’ ones are different. Actually, this style of ownership – while not popular in Vancouver is very much in vogue elsewhere. Most of New York is owned as a co-operative. And if you are paying […]
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.
There are a lot of doomers out there about the Canadian housing market. First, there was Deutsche Bank as well as our Central Banker Poloz that saw us 30% overvalued. Now CMHC is raising a warning finger.
In fact CMHC in its quarterly house price and analysis and assessment of 15 markets says Toronto, Winnipeg and Regina are all now considered high-risk markets. But unlike Poloz, CMHC says Vancouver is ok … but Toronto, Regina and Winnipeg are at HIGH RISK!
Add to this that high profile demographer Harry Dent says Vancouver is the single most bubbly city on the planet.
What does Ozzie think? Subscribe to […]
Investors are always searching for profit or yield, but how do you know what actual cash flow there comes out of a given property? Well, Real Estate investors – small and large – use what they call a cap rate to find the true net income. But to find that elusive rate is one of most difficult and perplexing problems for realtors and investors. Market comparables are often hard to find and the income and expense statements often only a wild dream by the owner.
Comparables for an older apartment building may also be harder to come by – not as easy as […]
DATE: Saturday, September 26, 2015
EARLY VANCOUVER NUMBERS - BEST IN 4 YEARS CHINESE BUYERS WILL KEEP COMING IF WE DON'T BORE THEM TO DEATH TROUBLED CITIES SHOW REAL ESTATE RESILIENCE VANCOUVER LAND LISTINGS REVEAL TOWERING PRICES PROPERTY TAX RULING MAY AID B.C. RETAIL TENANTS DON'T SWEAT THE DOWNTURN IN US HOUSING SALES INTEREST RATE PREDICTIONS WITH A GRAIN OF SALT