Be sure to subscribe to my YouTube channel to receive notifications of my new blogs.Record low inventory levels in the Vancouver condo market are one of the key drivers for the condo prices staying firm or in some cases continuing to rise. Yes, you heard it here first. It’s Feb 24, 2017 and I’m starting to see condo prices rising again in the starter level price range in Richmond (priced under $350K) as well as 1 and 2 bed condos in Vancouver, priced under $900K. The 2 main drivers of this are ultra low interest rates, and low inventory levels.  There are simply more buyers than units for sale. I’m finding that the main reason for the low inventory is that many sellers don’t want to be buyers. They’re afraid of getting an accepted o ...

I'm getting ready to launch my book "Along for the Ride. Getting Your Money Working for You Through Real Estate and Stocks", which will be available as paperback and e-book. In this book, I have written some of what is covered in my video blogs, with more detailed content offering a simple, straightforward blueprint on how to create financial independence using real estate and stock investing.  These two overall methods (real estate and stock investing) are used to create a reliable stream of passive income. Or, as both my book and Warren Buffet call it, “a snowball” effect.  With Along for the Ride, learn to do the following: cultivate the right mind-set for real estate investing overcome the trader’s mentality make your first ...

I just finished uploading this Condo for sale, 110 7180 LINDSAY ROAD, Richmond, BCLEASEHOLD APARTMENT IN SUSSEX SQUARE. NICELY UP-GRADED 2- BEDROOM GROUND FLOOR UNIT. FEATURES LAMINATE AND CARPET FLOORING AND NEWER KITCHEN CABINETS. FULLY FENCED YARD OFF THE LIVING ROOM AND ONE PARKING SPACE. MAINTENANCE FEE INCLUDES HEAT, CARETAKER, HOT WATER, MANAGEMENT AND PROPERTY TAXES. EXTERIOR OF THE BUILDING HAS BEEN UP-GRADED WITH NEW WINDOWS. GOOD AREA NEAR SCHOOLS AND TRANSIT. OPEN 2- 4 P.M. SAT. FEB. 25/17.

Be sure to subscribe to my YouTube channel to receive notifications of my new blogs. In this blog I’m going to walk you through some of the investment units I have purchased over the past 25 years. Many of the units I have purchased have gone up right from day 1 and never had a period of time where the current value was less than what I purchased them for. However, about half the units I have purchased have been worth less than what I paid for them. This has always occurred in the first 5 or 6 years and that’s why I have always advocated a minimum holding period of 8 to 10 years.  In my experience that’s more than enough time to offset any normal market correction that will always be right around the corner.The bottom line is that I ...

The Vancouver real estate market has not worked off fundamentals (i.e. what the average Vancouverite earns for a living vs the cost of home ownership) for some time now. Instead the Vancouver market like many other popular cities in N.America is an equity driven market.  These are owners who have been in the market and accumulated a great deal of equity and capital gains over the past several decades.  A new buyer has emerged called the Half’er. People who sell their detached home for say 3 million and downsize to a 1.5 million condo

This past month I came across no less than 3 more articles talking about how Vancouver homeowners are becoming instant millionaires. How regular folks working 9 to 5 are somehow being cheated and that these newly minted millionaires should not be entitled to these gains. The latest article profiles a group of East Vancouver homeowners who are in the process of selling their homes as part of a land assembly. The author tries to create a feeling of injustice and animosity towards the homeowners. These types of articles formed the catalyst for my new book (out this Spring 2017) I will leave you with an early review from a US business publication on my upcoming book. VANCOUVER, BC. - Dec. 20, 2016 - In recent years, Vancouver has seen ...