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I have posted before, but moved to Calgary and still had my condo with no mortgage in Richmond... I didn't even think about keeping it for more than a hot couple of minutes.
Vancouver is cooked for condos as an investment, your unit would need to appreciate 5% or more yoy to outdistance what you can do with monetary investments and I just don't see that happening anymore. THat said, you have other factors to consider ie: it's not your principle residence like mine was so you'd have cap gains tax if you sold it on top of the realtor fees... might not be a great scenario for you... but for me it made no sense once you laid the numbers out, I could do at BEST a 3% return after strata and other monthly costs even without a mortgage.
I'm not getting out of real estate totally, I like it, but not in BC... I got a condo coming up in Calgary end of year and will be looking in Saskatchewan next.
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