Is it better to buy an apartment or a villa in Vancouver?

Judging from the current market environment, apartments are more valuable if they are used for investment.

Vancouver's high housing prices are really famous internationally. This also shows the strong attraction of Vancouver real estate to consumers and investors in disguise.

Location is the most important factor affecting house prices. The prices of apartments of the same age in different parts of Vancouver will also vary greatly. A high-rise cement apartment with sea view, located in the CBD of downtown Vancouver, can cost more than 2,000 Canadian dollars per square foot. The domestic standard is about RMB per square meter 1 10000. This is also a very high price in first-tier cities in China. However, the average price of many apartments in Vancouver is less than 65,438+0,000 Canadian dollars per square foot (about 60,000 RMB per square meter).

The gap between rental and sales ratio is also relatively large. Take a high-end apartment in downtown Vancouver that I helped my guests invest this year as an example. This apartment can be regarded as a landmark building in Vancouver, with an area of over 670 feet and about 60 square meters. This apartment is a bedroom unit. After the apartment was purchased, a long-term lease was signed soon. The tenant is an international student, and the rental management company has made a detailed investigation and understanding of the tenant's background. The rental price of this unit is 3 100 Canadian dollars per month. Not including any furniture. The electricity bill is borne by the tenant. According to the purchase price of this apartment, the rental return rate of this apartment is above 4%, which is higher than the bank interest, which can be regarded as a very stable investment. If the appreciation of housing is taken into account, the return on this investment will be very considerable. In fact, when investing in apartments, many investors can decide to buy apartments as long as the future rental income can offset the monthly loan payment and other expenses (land tax, water and electricity and property management fees, etc.). ) to ensure balance of payments. Because it turns out that the increase in house prices will often exceed investors' expectations in the end.

If you consider investing in apartments for rent in Vancouver, I suggest that you prepare a budget of at least 2 million RMB. If you have enough money, you can increase your budget and invest in better apartments. The reason for this proposal is that in Vancouver's 1 bedroom apartment, there are very few houses with the age of10,800,000 Canadian dollars. At present, overseas people need to prepare at least 50% down payment to buy real estate in Vancouver before they can get a loan. So 2 million RMB is equivalent to an investment starting line.

Finally, when investing in apartments, you need to pay attention to detailed property documents. Some apartment buildings are not allowed to rent, only to live in. Some apartments have rental restrictions, and only a certain number of units can be rented at most. If the rental units in the building are full, you need to join the waiting list. For buyers who want to invest and rent, they must avoid this type of apartment. Looking at the property documents in detail, we can also know whether the management of the investment object is healthy, whether the property will have a large maintenance cost in the future, whether the reserve is sufficient and so on. This can avoid a lot of unnecessary expenses in the future.