(February 09, 2016
If you're currently renting in Metro Vancouver or the Fraser Valley you're probably looking at the skyrocketing price of rent and increase of home prices and wondering if it makes sense to step into the bi-polar lower mainland housing market.
Blood sells newspapers, advertising on television and elects some politicians so it comes as no surprise to us when we see the constant anti real estate headlines. They have been screaming for a decade the sky is falling - and have never been right - ever. In the meantime you and yours are still left with the conundrum.
As we stated there is indeed endless press about Vancouver being an unaffordable city, and in many ways it is. However, there are still plenty of terrific options available for a first time buyer to get into the condo and townhouse market affordably especially in the Fraser Valley. In fact it may be wiser for you and yours to purchase a long term affordable investment/revenue property in the Fraser Valley or other jurisdiction and rent in the urban areas than to purchase an overpriced Vancouver condo. Our real estate team are big fans of dirt and understand the issues of strata ownership or as we like to call it, a dog with a different set of fleas.
While, there is no ONE answer for everyone in the rent or buy debate there are some questions you can ask yourself to see if it is right for you! If you are not sure whether your qualified to purchase or to what amount we can have one of our outstanding mortgage partners pre qualify you and yours.
In the interest of the truth about real estate take a peak at the infographic below to see which may be right for you.
If you or anyone you know are considering the purchase or sale of your home or any B.C. real estate feel free to call us with your questions at any time, 604-767-6736
. Zero pressure. Zero obligation. Just plenty of friendly conversation and honest answers.