I continue to see people including our Premier Mr. Eby and several financial publications not knowing the difference in the characteristics of an investor vs that of speculator. Watch and I will explain the difference.

I often see people who want to buy their first home and an investment property in a short period of time. Here is my advice to them and the steps for financial success that I recommend they take.

Happy Saturday. Hope you enjoy this video on the steps to financial success and how there’s never a better time to start than today.

Time for another update on the current rental market in Downtown Vancouver. Also it’s now official the NDP has removed all rental restrictions on BC condos as well as age restrictions.

Just built and pre-sale luxury condos in Downtown Vancouver are a difficult sale right now. Inventory is growing and prices are continuing to slide. Many of these buyers are going to be looking at substantial losses on these units when they finally do sell. The main culprit is the massive spike we have seen in borrowing costs. Many of these homes were bought with the expectation they could be flipped at a profit. In other situations the sellers' plans have changed and now need to sell. Some of these new strata have as many as 60 listings and the developers still have units for sale as well. Some sellers are doing large reductions in hopes of cutting in front of the competing units to get them sold.

I just finished uploading this Apartment/Condo for sale, 2202 2202 688 ABBOTT STREET, Vancouver West, BCElegant home with unobstructed water views in Firenze Tower II. This spacious 2 bedroom, 2 bathroom includes a large den & solarium. Incredible amount of natural light fills this upper floor, corner unit with its South West facing outlook. This is a perfect home for enjoying the Downtown lifestyle, or makes a perfect investment unit as AirBnB and short term rentals allowed. Fantastic building amenities include 25m indoor pool, hot tub, sauna, and party room. Walking distance to Gastown, Yaletown, Chinatown, T&T, Rogers Arena, BC Place, Costco, Skytrain and great restaurants. 1 Parking stall & 1 locker included. Pets and Short Term Re ...

Creating wealth and financial security takes time and there are no shortcuts. The power of compounding will take you there but you're not going to notice much in the early years. Just let your investments run and keep compounding or as Warren Buffett calls it "The Snowball".