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This is the first post in a series of tips for First Time Home Buyers in Vancouver’s property market.
So you’re thinking of taking the plunge and buying your first home in beautiful Vancouver!
How much can I spend? Get Pre-Approved! (more…)
Share
This is the first post in a series of tips for First Time Home Buyers in Vancouver’s property market.
So you’re thinking of taking the plunge and buying your first home in beautiful Vancouver!
How much can I spend? Get Pre-Approved! (more…)
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Posted in First Time Home Buyers Advice for Vancouver, For Buyers | 9 Comments »
Hi All,
I’ve mentioned in other blog posts that I think Inflation may to be an issue in 2-3 years because of ultra low interest rates and Stimulus packages from National Governments around the world.
I’m going to buy more real estate (Downtown condo’s and a house in East Van) and I’m going to get 5 year fixed rate mortgages to keep my payments (costs) consistent and then rent these places out. Inflation should push up rents while my costs remain static, leaving me with a nice profit. (hopefully)
I plan on getting 4% 5 year fixed rate mortgages. I like these because a decent amount of principal gets paid off and the costs remain low.
I’ve included this cool mortgage calculator and this inflation calculator from the Bank of Canada for you to play with and hopefully help you with your plans.
I’d love to hear your thoughts!
Tags: bank of canada inflation calculator, buying investment properties, buying real estate, buying revenue properties, fixed rate mortgages, inflation, inflation calculator, inflation hedges in Vancouver, interest rates and inflation, interest rates and vancouver real estate, investment planning with real estate, real estate as an investment, real estate as hedge against inflation, real estate investment, vancouver condo inflation, vancouver real estate inflation, Vancouver real estate predictions, vancouver real estate predictions 2010, vancouver real estate price inflation, vancouver real estate prices 2009, vancouver rent inflation
Posted in For Buyers | 20 Comments »
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