Are you tired of renting but cannot afford to buy a place because of the crazy housing market in Vancouver? At the main time, you would also like to live by city center? The truth is that there are always SLIGHTLY REASONABLE homes out there as long as you have an OK job to get a mortgage, as well as updated information about the market.
Here are the reasons why you should probably thinking about OWNING A PLACE.
- Housing price never go down in the long run, and your salary may not catch up with the increase in housing price.
- You rents and never own a place. What about you pay the “rents” to the bank and you can actually own a place?
- No landlord can kick you out.
- Worse case scenario, sell the home if you really need some cash, and you can never do that when you rent.
How about $300k for a home in city of Vancouver ? Does that sound a little bit more reasonable?
You get 10% down payment and the rest you can mortgage.
Looks like you can own home with just a little bit over 1k. I am sure there are many people that pays 1k just for a single room, or for a tiny suite and old neighborhood. What if I tell you that there are homes under 300k?
Here are the home under $300k that are available for sale in city of Vancouver (YES, it’s Vancouver Vancouver, not Barnaby, Richmond, Surrey…). – as per December 15, 2016
109 2239 Kingsway, Vancouver, British Columbia V5N 0E5 (Built in 2011)
202 930 E 7th Avenue,Vancouver, British Columbia V5T 1P6
1003 3380 Vanness Avenue, Vancouver, British Columbia V5R 6B8
114 1149 W 11th Avenue, Vancouver, British Columbia V6H 1K4