BC Housing is putting in a 45 unit complex to house the homeless 2-3 blocks from my house. What effect might this have on neighbourhood property values?
Hi All,
I recently received a notice from BC Housing that 45 new homes will be built two blocks up and one block over from my house. These homes will be to help solve the city homeless situation and include studio apartments with 24 hour a day support staff. Knowing this population, it...
Hi Thomas. I've tried to include everything in that short list of numbers, so utilities, maintenance, internal and structural insurance, and city taxes. Thank you for those tips! Are you confident those areas are appreciating more quickly than Victoria? After what happened to oil and Alberta...
Hi Corey. So my equity stake is $126,400 based on the original downpayment. Full disclosure my family and I live in the property and the $4000 rent was professionally estimated several years ago at time of purchase. To clarify, I don't need an investment property to retire in a couple of...
Hi All!
I am seeking investment ideas that could meet or surpass an investment property that I already have. It is a rented property as follows:
1. Valued at $800,000 in Victoria
2. Mortgage of $450,000
3. Payments of $2000/month.
4. Rental income $4000/month
5. Annual maintenance and...