Who does higher interest rates hurt the most? The obvious answer is people who have variable rate mortgages. But there’s a group of people that are even more at risk, and are hurting more from the impact of higher interest rates. They are renters. Why renters? Because as the cost to borrow becomes more expensive, would-be buyers who… Read More »
Steady returns in the real estate market In early 2020 I bought an investment property in the lower mainland for $450,000. It’s been 2 full years since I’ve owned it. Let’s see the numbers for this past year. Second year operating profit = 6.74% My rental income was $1,800 a month or $21,600 a year. The cost… Read More »
Home buying guide for low income households Are you renting in an expensive city but want to buy your own property? If so, this new video is for you. It focuses on a hypothetical couple in Vancouver, but could be relevant to any other growing city. Anyone can afford to become a homeowner, even those making the minimum… Read More »
Making sense of real estate taxes in Canada Real estate has historically kept up with inflation. But I’m not sure if it can keep up with taxation moving forward. I’m all for reasonable taxes. I benefit a lot from government services. But at some point real estate taxes in Canada can start to feel excessive. Someone buying a… Read More »
High income and cheap credit Why are real estate prices so high? Isn’t the economy still recovering? Yes. Millions have lost their jobs and many are still looking for work. But recessions don’t affect everyone equally. The number of high income individuals is often underestimated. So in today’s post I’ll explain how people can afford to buy multi-million dollar… Read More »
Liquid’s rental property – 1 year update About a year ago I blogged about selling farmland to buy a rental property in the Lower Mainland. I wrote that I expected a 15% annual return. In today’s post I’ll discuss how my 1 bedroom rental apartment is performing, and share 4 important lessons I’ve learned along the way. 🙂… Read More »