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post #1 of 8 (permalink) Old 07-17-2007, 11:12 AM Thread Starter
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Real Estate in Vancouver

I am very interested in investing into some real estate in Vancouver whether it's a single or multi family home. It will be a second home /investment,

Anyone from this area that could chime in on this topic?
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post #2 of 8 (permalink) Old 07-23-2007, 12:23 AM
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Re: Real Estate in Vancouver

Get ready to shell out....the price is bloody ridiculous.
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post #3 of 8 (permalink) Old 07-23-2007, 11:45 PM Thread Starter
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Re: Real Estate in Vancouver

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Originally Posted by Birch
Get ready to shell out....the price is bloody ridiculous.
I guess Im expecting this. Cant be much crazier than NY. Just hoping I can buy like a 2 or 3 family and have the income at least break even with the debt.
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post #4 of 8 (permalink) Old 07-24-2007, 02:29 AM
kvn
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Re: Real Estate in Vancouver

its quite expensive.. esp if ur wanting to invest in the higher end areas.. do you have an idea about where in vancouver you want to buy a house.. kinda hard to shed light without a lil bit of detail
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post #5 of 8 (permalink) Old 07-24-2007, 08:51 AM Thread Starter
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Re: Real Estate in Vancouver

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Originally Posted by kvn
its quite expensive.. esp if ur wanting to invest in the higher end areas.. do you have an idea about where in vancouver you want to buy a house.. kinda hard to shed light without a lil bit of detail
I am headed out there in a few weeks. I will have a better idea once I get more familiar with the area.
KVN Do you live there?
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post #6 of 8 (permalink) Old 07-24-2007, 11:50 PM
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Re: Real Estate in Vancouver

typically with Vancouver real estate prices most people have to rent out the basement to supplement the mortgage. I don't think you will be able to get enough rent to break even. look at www.mls.ca for references.
Vancouver r.e. will continue to rise at a steady pace unlike in 2006 (went up 38% or something like that, see www.cmhc.ca statistic report).
in my opinion if you are looking for investiment where 1) rental can cover mortgage 2) strong growth potential, look at Saskatchewan, Saskatoon or Regina. just my opinion. good luck
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post #7 of 8 (permalink) Old 07-25-2007, 07:21 PM Thread Starter
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Re: Real Estate in Vancouver

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Originally Posted by simonw
typically with Vancouver real estate prices most people have to rent out the basement to supplement the mortgage. I don't think you will be able to get enough rent to break even. look at www.mls.ca for references.
Vancouver r.e. will continue to rise at a steady pace unlike in 2006 (went up 38% or something like that, see www.cmhc.ca statistic report).
in my opinion if you are looking for investiment where 1) rental can cover mortgage 2) strong growth potential, look at Saskatchewan, Saskatoon or Regina. just my opinion. good luck
great- I will certainlylook into this. Thanks!
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post #8 of 8 (permalink) Old 07-26-2007, 04:02 AM
kvn
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Re: Real Estate in Vancouver

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Originally Posted by Harlem Broker
I am headed out there in a few weeks. I will have a better idea once I get more familiar with the area.
KVN Do you live there?
yeah i live in west vancouver.. but I'm not in town until mid/late august. But if your wanting to invest anywhere on the north shore, be very prepared to pay the price for it lol..
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