Investing in Real Estate
Investing in Vancouver Real Estate can be a wise move
Rental Properites - According to the Investment Rental Property Survey by Blue Shore Financial, more than 40% of local Vancouverites plan to invest in rental properties to support their retirement incomve. The rental market will always be in high demand with vacancy rates hovering around 1 - 2 %. The Simon Fraser University, Brentwood and Highgate areas are all prime investment areas because of their convenient locations and price per square foot to rent per square foot ratio.
The goal is to achieve a monthly positive cash flow. For example:
- One Bedroom Condo - $300,000
- Monthly Mortgage Payment - $1,100
- Rent per month - $1,500 to $1,800
Long Term Investments - Brentwood Park, Vancouver Heights and Willingdon Heights continue to show promising investment opportunities. These neighbourhoods are conveniently close to Vancouver and offer great communities and outstanding views.