Quote:
Originally Posted by SumAznGuy
I'm a slumlord up on SFU Burnaby Mountain.
Similar unit to my studio is going for $800, unfurnished 300 sq/ft studio with no utilities.
$1500 for a 1 bedroom condo unfurnished and no utilities.
$2400 for a 2 bedroom furnished condo with no utilities.
$60 per month for a parking spot.
All are prices in a 10 year old building.
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In comparison, just below Burnaby mountain the mortgage on our place is only $1100 a month + utils for a 1000 sq foot 2 bed/2 bath
Obviously the initial down payment is the hurdle, but those rents are more than double the mortgage payments lol