Although there is no right or wrong answer, renting can be more advantageous than selling. There are pros and cons to both options that should be considered, based on your own personal situation. Before making a decision, factor in current market conditions, budget, return on investment, taxes, and personal involvement/responsibility. Our team at CENTURY 21
What is a Pre-Sale (or New Construction)? New homes sold before or during construction by a company or Developer are considered new construction or pre-sales. Pre-sales are a great option for investors or buyers with time on their side. Upon signing the contract of purchase and sale, a deposit (5-20% of the purchase price) is
COVID-19 has affected everyone in different ways, including the rental property management industry. The focus has shifted from revenue and portfolio growth to improvement of current procedures and tools. The rental property management industry is not disappearing. It has survived many economic downturns, natural disasters, and other catastrophic events. Instead, Rental Property Managers are modifying
A few months ago, we shared 5 reasons why you need a rental property manager. As you may have read, owning an investment property is an achievement, but it can also come with many management tasks, responsibilities, and specific knowledge that can take up a lot of your time. We feel there are many reasons
Hiring a Strata Management company as part of the development process can be highly beneficial for developers and new developments, as there are many obligations under the Strata Property Act (SPA) that the developer is required to follow, such as when to hold the first Annual General Meeting (AGM) and transferring documents to the Strata
Owning an investment property is an exciting achievement that offers financial security, mortgage assistance, tax breaks and deductions, and property appreciation (to name a few). With a steady increase in rental rates in Greater Vancouver and low vacancy rates, investing in Real Estate couldn’t be a better investment. Although there are many benefits to owning
