Mixed Thoughts on Buying a Real Estate Property

So, I’m going to be here in Vancouver for a little while longer, and I have to say that I’ve really fallen in love with the place. It is such an amazing City. We’ve been considering buying property lately, we always thought we would do it closer to home but, sometimes your heart takes you somewhere new that you never expected. No, we haven’t bought land or a home, or a condo, here yet but we are certainly considering it.

The only thing about buying in Vancouver is that… Well, it is actually probably the most expensive Market in the world right now. One thing I will say, is that the Canadian dollar is at a very low state in comparison to the American dollar, so that is really helpful when it comes to this kind of things. And, talking to lots of Professionals in the area, we have learned that this has led to a situation where a lot of the investors and people buying property in the city are not Canadian.

Makes sense. Anyway, I called up a Vancouver Realtor, a really great fellow, and he gave us the scoop on what we could afford, and what he thought was worth buying. Mostly, we zeroed in on someBurnaby condos for sale. Burnaby is not Vancouver, but it basically is, it’s right beside it, it’s connected by public transit lines and it is literally right next door. There’s no sprawling nature in between, it’s just Vancouver and, and invisible line, and Burnaby. Well, maybe that’s a bit of an exaggeration, but you know what I mean.

Burnaby is really nice, and there are lots of things about it that are actually preferable to living in Vancouver. Including the fact that it is significantly less expensive to buy property there. Are we going to do it? We’re not sure yet, and we are not really in a rush either. Even though we are going to be leaving in about a week, that doesn’t mean that we can’t buy property from a distance afterward, or plan another trip to the area. Plus, if ever we do not like it, we can also see some  Coal Harbour Condos for sale my friend told me about.

Yes, it’s very expensive, and there is a chance that the investment could not be as effective as we’d hoped, but some things are more important than the financial element. Part of the reason we would be buying property here is because we love the area and are actually considering moving our lives here. Eventually. Not anytime soon. Don’t worry. So, let me know if you have any feedback. I know it’s a big life choice, and we’re probably just going to make it by discussing the pros and cons with each other, but as always some informed comments are always appreciated.