Condos are selling like hot cakes in Vancouver right now. New developments allow investors to secure a brand new unit for a deposit as low as $5,000. The intention of this blog post is not to talk about the risk of an interest rate hike or a condo market downturn. The intention is to remind investors to plan for a day three years down the road when the unit will be completed and mortgage financing will be required.
The only initial ... Read More