Blog by Kathy Stilwell
"Owning a home is a keystone of wealth.. both financial affluence and emotional security"
Suze Orman -Powerhouse financial advisor and on air personality
If you are a first time buyer, this may be the time to start looking at getting into the market.
According to statistics released by the Real Estate Board of Greater Vancouver, the benchmark price for a single family home in Metro Vancouver is down 9.8% from the May 2008 price peak and down 4.7% from the October 2007 price so far. From an article in the Vancouver Sun.
All you owners of rental properties in the downtown and especially the Yaletown area beware of who you are leasing your property to.
It has come to my attention that there is a very clean cut well dressed gentleman, leasing properties..(I heard he had about 30 in the Spectrum alone) and then subleasing them to less desirable renters.(the police have had to visit many of these sublease ...