Are we finally entering a Buyer’s market?
With recent news headlines such as “Housing prices in Vancouver dropping due to greater supply,” “B.C. residential sales decline,” and “B.C. residential real estate downturn largely behind us,” I bet you’re all rather confused as to what’s going on in the real estate...
Liberals Win Election 2015: What will it mean for us real estate investors?
The Liberals’ first budget after their landslide victory in the 2015 federal election won’t be released until next spring, but that hasn’t stopped analysts from looking at Trudeau’s campaign promises to try and tease out what it might mean for the economy and rental...
Financial Literacy: Don’t Let Your Family Be Another Statistic
Did you know that the average family has over $16,000 in credit card debt, and that over 50% of families live paycheck to pay check? And did you know that the average college graduate has over $23,000 in debt? If you have a good grasp on your own finance and you can...
Property Management Myth Busters
Many people may feel that using a Property Manager to take care of their investment property is an unnecessary added expense. Some may even want to manage their property themselves if it is in the same town they are living in. And with so many Property Management...
REAL ESTATE INVESTING FOR THE NEWBIE
You’ve made the decision to take more control over you financial health by investing in real estate. And just like the decision to take care of your physical and mental health, taking care of your finances seems like a no-brainer. So why is buying your first...
Magic Happened in Just 12 Months!
My first year as a Realtor was a huge success! April 30th marked my one year anniversary as a licensed BC REALTOR, and it’s been a great year! I became a Finalist for Realtor of the Year with Canadian Real Estate Magazine, I was featured in the REIN Real Estate...
Top 5 Ways to Find Real Estate Deals
No matter how wealthy people are, everyone loves to get a great deal. It makes us feel good when we buy something on sale as when we buy things at substantial discounts like 50% -70% off, it’s natural for us to get excited about the money that we saved. We go as far...
Is 4 the New 13?
I'm in the market to purchase a three-bedroom townhouse in Richmond and have been searching for a few weeks. For those of you who don’t know the Richmond, it’s a suburb in the Greater Vancouver area 30 minutes south of Downtown Vancouver where the Vancouver...
The ONE THING the Richest People in the World Do
I was invited to a Financial Planning Firm's project party a few months ago held at the Vancouver Fairmont Hotel. The speaker that evening asked the audience, “What’s the ONE THING the Richest People in the World have in common?” I thought to myself, would it be...
Why Buying a Bosa Condo Won’t Make You Rich – Part II
In Part I of my article “Why Buying a Bosa Condo Won’t Make you Rich,” we saw how buying a property where expenses were higher than the rental income didn’t make financial sense. Many of you commented on the opportunity cost of the down payment of $110,229 and how you...
Why Buying a Bosa Condo Won’t Make You Rich – Part I
I had the pleasure of meeting Jim Bosa, President of Appia Developments, at the Realtor’s launch of Phase II of their North Burnaby Solo District project last month. Appia Developments are one of North America’s premier property development firms within the popular...