Squamish’s Future Ski Resort Still a Possibility

Squamish’s Future Ski Resort Still a Possibility

The Garibaldi at Squamish project, a significant ski resort development and the only new ski resort in BC to get conditional environmental approvals from the provincial government, recently saw its assets sold for $80 million following a court approval. The bid, involving one of the original investors, the Aquilini group, is indicative of their commitment…

The Globe & Mail’s Analysis of the Canadian Housing Market: Present Conditions and Prospects

The Globe & Mail’s Analysis of the Canadian Housing Market: Present Conditions and Prospects

In Brian Yu’s article “Gimme Shelter,” featured in today’s edition of The Globe & Mail, he delves into the current trends and future outlook of Canada’s housing market. Despite a respectable level of housing starts, about 250,000 units annually, this rate falls short of meeting the increasing demands of Canada’s growing population. Surprisingly, the number…

Makes Sense to Buy Now?

Makes Sense to Buy Now?

Recently, I was asked whether it still makes sense to buy an investment property given the high interestrates. My answer: absolutely yes, provided you (1) find the right property (good location, well priced and with a good rent generating potential),(2) are able to fund the down payment needed to reduce or eliminate any negative cash…

Why the Last Quarter of 2023 Might Provide a Buying Opportunity in the Resale Market

Why the Last Quarter of 2023 Might Provide a Buying Opportunity in the Resale Market

Historically, real estate sales slowdown and new listings increase in the latter part of the year. I expect this year to be no different if buyers decide to stay on the sidelines and take a wait-and-see approach because of the gloomy economic conditions, inflation remaining well above BoC’s 2% target and the expectation for interest…

WHY PRESALES?

WHY PRESALES?

Down Payment & Leverage Most pre-sales (pre-purchase) projects allow for a down payment of 5-25% over a period of about two years before completion, and there is no need to take out a mortgage loan until completion. Therefore, for those who have the funds for a down payment but fall short of qualifying for a…