Is Chilliwack still good place to invest?

[KhoaN]

Hi everyone,
Look like Chilliwack/Sardis price had shot up quite a bit in the last couple years. Is it still a good place to invest? I live in Alberta and had checked it out last month, I prefer the Sardis area. If my budget is $400k-500k, what would be the good segment and what's the cap rate?

Thanks,

 

[Thomas Beyer]

Why would it not be ? You expect folks to leave, or prices to come down, or interest rates to go up ? You expect global warming to destroy crops there ?

CAP rates are 5% or less usually. 6% on old crappy assets if you don't count deferred maintenance.

 

[Tina Myrvang]

Hi everyone,
Look like Chilliwack/Sardis price had shot up quite a bit in the last couple years. Is it still a good place to invest? I live in Alberta and had checked it out last month, I prefer the Sardis area. If my budget is $400k-500k, what would be the good segment and what's the cap rate?

Thanks,

I think the first place to start is your Property Goldmine Score card.
We are also holding our annual ACRE LIVE event in Coqutilam, BC on November 4, 5 &6, 2016 at the Hard Rock Casino on United Boulevard.
Go to www.reincanada.com and go to our Events Calendar