A So, I have this strange hobby I picked up, which is been learning about Investments. My partner and I have been thinking a lot about investing, and since I have a little bit of extra time on my hands, I’ve decided that instead of just blogging all the time, I can maybe start doing some research. We thought about investing in stocks, all sorts of stocks, properties, both vacation and rental, and have looked into markets all over Canada and the USA since our marriage allows us to do so.
I have to say, that when I started looking at the statistics for the Vancouver housing market, I thought that there were some kind of mistakes being made. Like, I thought that maybe the data that I was reading was adding an extra zero maybe just from some bogus April Fool’s type source. No, there is no April Fool’s involved in this situation, unless maybe somebody convince do not invested Vancouver property 10 years ago. Right now, Vancouver is one of the most expensive cities in the world. In all the ways.
It’s very competitive, as Canadians don’t have that many Metropolitan centers to flock to. People on the east coast of the United States can you go to New York, Newark, Philadelphia, all sorts of places like that, you know, Boston and Washington DC, Pittsburgh all those East Coast Capital’s, Canadiens only have two real major cities and their entire country when it comes to going somewhere to achieve big things in an urban setting: Vancouver and Toronto. It seems that foreign investors have figured this out, because many of the most important expensive properties in the city of Vancouver are owned by people in countries like China.
I contacted a Vancouver Realtor, a really nice guy, and he told me about Burnaby condos for sale, for example and how the market for those has fluctuated over the years. This is a really understandable context for me because I understand condos, so I did ask if you would put it in that kind of context. When I asked him if it was advisable to invest, he did not try to lie to me or anything like that, but he did make a pretty convincing argument although acknowledging the risk attached to the investment. I don’t have the money to invest in a piece of Vancouver real estate right now. It would definitely be an interesting Journey if you did though. It is also interesting to note about some Coal Harbour Condos for sale another realtor also mentioned which also piqued my interest. I will definitely go check both.