Selling in Vancouver. Is now a good time ?

[Will Thompson]

The market has been slow over the last few months in Vancouver. I believe this is due to;
1. Annual holiday slow down,
2. Chinese authorities making it harder to bring money over,
3. The 15% foreign buyers tax.

My thoughts are that the market will return to normal soon. However, I was contemplating selling a 2 bedroom unit in the near future. However, my existing tenant has forced my hand by giving notice. So I am faced with 2 options. Sell or rent for another year.

What would you do ?

 

[Thomas Beyer]

2020 would be better or 2040. Where would you redeploy cash for a higher ROI ?

What the long term 10+ year goal here ?

 

[Will Thompson]

Hi Thomas.
I purchased the property before I knew about REIN and as such, its not ideal in terms of cash flow. I believe I can purchase 2 or 3 good cash flowing properties by cashing out. Long term goal is to work with joint venture partners to make this a full time commitment within the next 10 years.

 

[Thomas Beyer]

I think you just answered your own question.

Go for it, man !!