In my role as a real estate expert closely monitoring the Greater Vancouver area, I’m observing a significant shift in the housing market. A key aspect of this change is the noticeable uptick in new rental home registrations, with over 19,000 units in 2023 alone. Additionally, the launch of a project to build more than…
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…
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…
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…
Life is about timing, and in real estate investment, timing is crucial as well. How can you get the timing right? I believe that in both life and real estate, patience and consistent effort create the right timing. Opportunities constantly present themselves to everyone, but only those who are prepared can sense and seize them….
Eunice Lee explains [Korean] Along with the news that we will significantly open our doors to immigrants announced last Friday, we would like to talk about the impact of the influx of immigrants on the real estate market. An unprecedented number of economic stimulus packages have been poured out over the past eight months. The…