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I want to point out one big misconception in Vancouver. A lot of people think they can just "RENT" out their units easily. A lot of people I meet or acquaintances always think they will just rent it out if they cant sell, or they think they see a "cheap" property and want to buy it to rent out for cash flow. But renting out a place is just not that easy.
Being a landlord is actually quite challenging if you are inexperienced. People think being a landlord is easy, until that day they have to hire a bailiff to evict someone.
Sometime's you're lucky. But most people have to learn the hard way until they become more experienced and have a proper system in place.
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