Joined
·
89 Posts
There's nothing reasonable in Coal Habour as well.
Red Robinson recently sold his North Vancouver home, and started renting in Coal Habour for $4000 per month:
http://www.vancouversun.com/Home+With+legendary+Robinson/1936523/story.html
Smart move if you ask me. The condo is probably going for $2,200,000. In other words, the condo yields only a measly 2.2% before any expenses (tax, condo fee, etc). Even if the market plateaus, Red is better off renting rather than owning his home.
Really depends on where you live though.
Red Robinson recently sold his North Vancouver home, and started renting in Coal Habour for $4000 per month:
http://www.vancouversun.com/Home+With+legendary+Robinson/1936523/story.html
Smart move if you ask me. The condo is probably going for $2,200,000. In other words, the condo yields only a measly 2.2% before any expenses (tax, condo fee, etc). Even if the market plateaus, Red is better off renting rather than owning his home.
Really depends on where you live though.
