property invest

Best Properties To Invest For Home Rental Purposes In Vancouver

My opinion is to purchase condo or apartment properties rather than single house or town house. The major reason is the ROI (return of investment) for buying a condo for rent is much higher, considering the house price is much higher in Vancouver west side and/or Downtown Vancouver and/or Richmond. But it’s up to you to rent a furnished apartment or not. The rental price will be around $200 to $300 higher than those unfurnished condo.

Please feel free to contact Angel for your next property investment.

property invest

Vancouver Real Estate News: Housing supply and demand reach closer alignment in January

According to The Real Estate Board of Greater Vancouver (REBGV) latest report, residential property sales in Greater Vancouver totalled 1,923 in January 2010, an increase of 152.4 per cent compared to January 2009 when 762 sales were recorded and a 23.5 per cent decline compared to the 2,515 sales recorded in December 2009.

The news was released lately in VANCOUVER, B.C. on February 2, 2010.

In terms of historical perspective, January ranked as an average month for number of residential housing sales over the past decade, with higher sales in January 2002, 2003, 2004, and 2006.

Over the last 12 months, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver increased 17.2 per cent to $573,241 from $489,007 in January 2009. This price is 0.8 per cent
above the previous high point in the market in May 2008 when the residential benchmark price sat at $568,411.

There is also closer alignment between supply and demand in today’s housing market. At 18 per cent, the sales to-active listings ratio in January is approximately 10 per cent lower than we’ve seen in our market over the last six
months.

In January, sales of detached properties increased 141.4 per cent to 705 from the 292 detached sales recorded during the same period in 2009. The benchmark price, as calculated by the MLSLink® Housing Price Index, for detached
properties increased 19.5 per cent from January 2009 to $788,499.

Sales of apartment properties in January 2010 increased 146.8 per cent to 891 compared to 361 sales in January 2009. The benchmark price of an apartment property increased 15.2 per cent from January 2009 to $385,487.
Attached property sales in January 2010 are up 200 per cent to 327, compared with the 109 sales in January 2009. The benchmark price of an attached unit increased 13.4 per cent between January 2009 and 2010 to $482,478.

While everyone is wondering how the Olympics is going to effect on Vancouver’s real estate market in February and in the future, diverse selection and favorable interest rates continue to drive demand in the Greater Vancouver housing market.

Download the complete report with chart (PDF) here.

property invest

Real Estate Investment in Canada

From the perspective of a property investor, the total property sector in Canada is fully dependent on the development or population growth in a particular area. It also depends on the strength of the investment.
Commercial and residential real estates in Canada offer plenty of opportunities to the property investors.

Alternately, real estate investors cash in on the residential property market of Canada. They do this by beating trends, getting ahead of the market and buying in the fastest growing geographic region, at a time when, the market reaches the peak in that region. Then, investor’s cash in when they swap the assets before the particular geographic market hits a period of stagnation. Based on the latest positive market movements, in some regions, property investors who operated in this manner have received substantial benefits. This is indicative from their annual gains that have reached above 20%.

For real estate investors, Canada has two types of added bonus:

- It has a huge population of wealthy expatriates who either seek retirement or residence in Canada, or take up important employment positions under the skilled worker programs of the Canadian Immigration Department.

- Such immigrants seek properties for resale and rent and bring in a constant flow of “new” money into the property market. This adds to the sustainability of the real estate sector. It also creates a focus on investment in some areas and cities popularly known to such group of people. Extremely active Vancouver real estate market is one of the best example.

Within its borders, Canada has emerging markets. As safe and neutral country, it has changed from political strength to economical strength.

It has registered growth in plenty of business sectors, right from the urban expansion in Canada to the development of commercial and residential real estate sectors of their own.

Here, property investors can target their investments on any one of the developing cities of Canada. They can also purchase commercial or residential property units such as retail units, office space or industrial space.

Alternately, Canada has an expanding and well established tourism sector. It has crept further north and inland, and increased job opportunities especially in tourist accommodation markets and second home markets, in more Canadian towns than ever before.

There is no limit for a property investor in the Canadian real estate market. It depends on what the real estate investor seeks. In case, an investor targets his investments correctly, property sector in Canada supports sustainable income, short term gains and long term growth for that investor.

Real estate investment in Canada is organized and profitable. It is a safe haven for people who want to invest in real estate but could not do so due to the effect of housing crash in the United States. Hence, it is better to take this opportunity and invest in real estate of Canada for long term smart gains.