Great discussion !
Like any backyard party, I love a wide spread of different foods and schnapps..... I use the same approach to our investment strategy.
Even knowing I love and trust REI, being bound by “my full time day job” and within a higher taxation bracket (and a company matching RRSP)...
I just renewed mine with a 5 year term but variable rate ...... variable rates have shown benefits in the last 50 years ....I trust history and stats
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Considering the time I spend in FMM I can tell you that the prices came down but they are still high in relationship to Edmonton or Calgary. Several families are currently hostage of their mortgages hence they can’t sell nor leave. Several “dropped the keys” at the banks and ran away. (Believe...
Thanks Matt and Tina,
Yes , I am looking into some potential opportunities in the central Okanagan as I know the area really well. (The prices have risen but I think we haven’t seen it the top yet as the area becomes stronger and more attractive as the years go by)
Cheers
Edison
Greetings fellow investors
I am buy and hold investor (rental properties) but I am considering investing in a pre construction in the BC interior.
What’s the typical down payment and closing costs ?
Is there anything important I need to be aware of or prepared ?
Thanks for you continuous...