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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4444's numbers are not off by much. Average strata fee's are quite high in Vancouver. Anything under $250 for an average sized 600 sq ft apartment is pretty good. Some may be lower, but there are tons that are higher especially if they had water leakage problems in the past.
One reason why your numbers might seem a lot lower is that your building is in pre-built stage. Usually they use a number and after the first AGM the strata realizes they are either way under budget, way over budget, or just right.
Property tax looks about right depending on the area.