I often talk about the 2 worlds of Vancouver condos. How location and the strata corp you're buying into are two of the most important factors to take into consideration when you're looking at condos.

Time for a refresher video on my Golden Rules of Real Estate and why you must have at least an 8-10 year holding period if you're going to buy a home. I also discuss the perils of trying to time a market and the problem I have with CMHC and their big bold prediction earlier this year that turned out to be dead wrong!

Successful people all share many common traits and characteristics. In this video I set out what separates most multi-millionaires from the average person who is struggling financially.

Here are some highlights from a recent seminar I attended put on by BFL Canada regarding the recent spike in strata insurance costs. Some of the topics discussed include: Why have strata premiums gone up by as much as 200-300%? Why have they been raising the water claim deductibles? What are the major causes of claims for strata’s? What can strata’s and owners do to reduce claims and insurance costs moving forward?

I just sold this House/Single Family at 2438 GRAVELEY STREET, Vancouver East, BC Renfrew VE.View this recently sold House/Single Family or see all my home sales

I just finished uploading this Apartment/Condo for sale, 216 7500 MINORU BOULEVARD, Richmond, BCWell maintained unit and proactive strata. Spacious and bright, south facing unit on quiet side of building. 933 sq.ft. plus large covered balcony. 2 bedroom and 1.5 bath. S/S Appliances. In-suite laundry and storage. Building replacement of walls, windows, doors, balconies, decks, roof and parking garage, down-pipe and gutter system done in 2015. A new rain-screen cladding system installed. Conveniently located close to transportation & shopping. No rentals allowed. Age Restriction = 19

I just sold this 1/2 Duplex at 2020 E BROADWAY, Vancouver East, BC Grandview Woodland.View this recently sold 1/2 Duplex or see all my home sales

I just finished uploading this Apartment/Condo for sale, 411 4233 BAYVIEW STREET, Richmond, BCIn the heart of historic Steveston Village, this TOP FLOOR UNIT has overheight (12’) ceilings in living room, open kitchen, SS appliances, gas cooktop. Large master bedroom with walk in closet. Extra large outdoor covered balcony with river views. Gas fireplace, in-suite laundry, storage. Enjoy the lifestyle of living steps to riverfront, restaurants, shops, community centre, library, buses, parks & more. 1 secure underground parking. Well managed strata with guest suite, gym, and rec room. Rental & pets ok.

Wanted to discuss some of the fantastic things that occur on a regular basis as an investor both in Real Estate and Equities. Special dividends, Stock splits, Company spin-offs. Dividend increases on the Real Estate side are things like rental increases, interest rate reductions land and unit assemblies. Most of these things you will never hear much about in the main stream media but they are happening on a daily weekly and monthly basis to investors who simply buy high quality assets and hold them for long periods of time.

The NDP is at it again. Two years ago they reduced the allowable rent increase a landlord could request from CPI + 2% to only the CPI. Earlier this year they reduced that even further and announced an endemic 1.4 % increase for 2021. Last week they took that off the table and have announced a ZERO rent increases until at least Summer 2021. The NDP says we are all in this together. Looks to me like they are asking landlords to be in this far more than anyone else. Especially when you consider that property taxes are going up on average by over 10%. Insurance by over 100% and Strata fees by over 10%.