I continue to see sellers make what I feel to be the biggest blunder they can and that’s to sell a property that has a tenancy agreement in place. By doing this they are leaving 10’s of thousand on the table with their final selling price. There are rare situations where selling a unit with a tenant can make sense but in 90% of the situations you're far better off getting the tenant out and selling the unit vacant. I also discuss the importance of buying quality and overpriced downtown Vancouver condos.

I touch on a number of topics in this blog including the possible rollback on the 2% stress test. The recent interest rate reductions in Canada and the further ones coming in the US. As well I touch on Downtown Vancouver condo demand and overall demand to live in Vancouver and how it will keep getting stronger in the coming decades.

Had a viewer dole out some good advice to a friend who was frustrated with his tenancy turnover as well as the amount of rental income he was generating on the property. As it turns out the unit he was renting out was in very poor condition and needed to be renovated. In this situation the owner would be well advised to spend some money renovating the unit. Not only will he be able to charge a much higher monthly rent but it will attract a far better quality tenant. Saving him additional money in lost rent and time.

Vancouver is an expensive and difficult real estate market to buy in but it can be done. You're going to have to work hard and make sacrifices if you want to own your own home. I still see people pointing fingers and making excuses as to why they can’t afford a home. In this blog i’m going to give you the cold hard truth on what it’s going to take.