Quote:
Originally Posted by cougar_boy
I don't know about Vancouver, But I invest in Victoria. And your number look off to me. My one property looks like this:
Paid 200,000 (in pre-build stage) inc.HST
Monthly Starta fee: $130
Property Tax: $100 per month
Insurance(I have full renter insurance with earthquake): $230 a Year
I don't know why your insurance and maintenance are so high...
I have also been looking in the US. But I like to be a hands on Landlord. I like to pick my tenants.
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They might be off, but as far as I'm aware family members with properties in the $500-700K range pay $3000+ per year in property tax (so was going on that basis) - i certainly don't disagree that they may be a tad less
Maybe insurance on an apartment is less (makes sense), either way, these differences aren't making me go out and leverage to the tits in vancouver
Strata fees are actuals, and man are they expensive for what you get!!!!! (why i would never own an investment apartment in vancouver)