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Tag Archives: Condo

How to maximize your ROI on a Vancouver condo flip

Vancouver has long been Canada’s most expensive real estate market, which can make flipping homes a tricky endeavour. In a city where the benchmark price of a detached house increased by 8.5% year-over-year in October to $1,523,800, condos and townhouses offer the best bang for your buck. According to Alice Yang, a real estate specialist, [&hellip…

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Careful, pre-construction condo investors. Lenders don’t like funding assignments

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Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece of paper appreciates faster than any completed condo unit in the city. Don’t worry about paying those exorbitant monthly maintenance fees, either. You [&hellip…

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Is Vancouver’s condo market facing a downturn?

The Vancouver condo sector might become a buyers’ market soon amid steadily growing inventory and sustained price declines, according to CBC analyst Mark Ting. The market’s average home sales price saw its last peak in January 2018, at $751,632 – a level approximately 8% higher than the reading this month. Meanwhile, active listings swelled to more than [&hellip…

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