TINA (There Is No Alternative). When it comes to Vancouver Real Estate you either own or rent. Do the math on renting long term in a city as expensive as Vancouver then compare that to the cost of buying and holding your Vancouver home for the next 20-50 years. Throw in the principal residence exemption, 1.99% interest rates and the fact it continues to get more difficult every year to qualify for a mortgage and you should be almost possessed to save that downpayment and buy your principal residence.

The Vancouver market and for that matter the Lower Mainland real estate market is proving quite resilient. The latest stats from the Real Estate Board show a dramatic increase in sales since April. Buyers are back, good homes are selling quickly and inventory on good quality homes remains scarce.

I cover a lot of topics in this video. Everything from transparency and disclosure from people you see on the main stream media outlets, to the current state of foreclosures (court ordered sales), as well as a warning on the huge penalties sellers can receive when they sell a home with 2 or 3 years still left on the term. This ones a bit long but hey it’s Saturday.. hope you enjoy!

The process of buying and selling Real Estate in Vancouver continues to get more complicated each year. The COVID-19 pandemic will make things even more complicated and will forever change how we sell and market properties.

This is the 3rd video I have done on the dramatic rise in insurance rates that lower mainland strata’s have been facing. I also discuss a recent sale I saw in the Vancouver House and the sharp price drops I’ve see on a few units.

The power of leverage in buying your principal residence or an investment property should never be underestimated. Leverage is the way wealth is created. A simple example would be when you buy your principal residence for $100K and a 10% downpayment. If the property appreciates to $110K in 18 months many people would look at that and assume you made a 10% return when actually you have made a 100% return.

Many of my long term subscribers are well on their way or have already achieved a fair bit of financial freedom. For you - consider this more positive affirmation that you're on the right track and to simply stay the course. For the rest of you - I’m going to give you the roadmap of what you're going to need to do in order to become a multi-millionaire if that’s a goal you want to pursue. The formula and advice I’m going to give you here has been around for decades and it’s 100% guaranteed to work IF you apply yourself, work hard, stay committed and discipled for the next 20 years.

In this vlog I talk about people making predictions both in Vancouver Real Estate and the stock market and how you need to be careful on taking their advice. When considering a stock or ETF for your portfolio you have to consider suitability. In other words a stock that might be perfect for a 23 yr old might not be ideal for a 65 yr old.

The official stats for May 2020 were just released by the Vancouver Real Estate Board. May sales numbers were up substantially from April as we start to come out of the COVID-19 lockdown . Prices are also up slightly from this time last year. Sales are still well below our levels from May 2019 but listings were also down by almost the same percentage.

There are very few advantages a small retail investor has over the professional money managers of Wall St. The main advantage is to simply buy high quality dividend paying and growing companies with strong balance sheets and cash flows and then sit on your hands! Buy & Hold and keep these amazing American companies for decades at a time. Or buy a low cost index ETF like a Vanguard Dividend Appreciation fund (VIG). In Real Estate buying and holding is even more of an advantage because of the high transaction costs involved in buying and selling Real Estate.