Was just wondering if anyone was aware of any ways to participate in the hot Vancouver BC real estate market in a “passive” way…..I am killing myself for passing up an oppurtunity to buy a nice watefront condo in downtown in 2002…It was going for 900K CDN which was just around 700K US….I would have made 40% on the currency exchange alone in adddition to a doubling of the intial price!!! ouch…
But does anyone know of any REITS or stocks that would let someone share in the upside of the market, which is still going strong for some reason….I dont want the headaches of actually buying a property up there….
You’re asking for a special case of how to easily buy assets after they’ve gone up a lot in price for no apparent reason. I know you’re just looking for an easy way to “get in” to the Vancouver property market, but most bloggers here on Piggington will read your enquiry as asking how to buy into a market when it’s high (aka “hot”). They suspect you’ll be coming back in few years with a second enquiry: how to sell low.
I’d venture to say that most people on this blog, perhaps unjustifiably, believe that they have no special capabilities to share with you on how to buy high (and sell low). Sorry.
No problem….I understand but I resent being called a sucker by “Lookoutbelow”….I wasn’t after any get rich quick schemes, but just looking to diversify my portfolio….I have relatives in Vancouver and go up there every 2 months….I personally have seen in just my last 2 week stay there 3 for sale signs go pending in the 4 block area where they live….Where do you see that in San Diego?? No Where, thats where..
Interest rates are lower there, HELOCs are just 6%, and the immigrants coming in actually have money as opposed to our immigrants who drain our economy..Oh, and they have a strong dollar, budget surplus and natural resouces that we are dying for…
Yes I know they are near the top but may have a few years to run especially with the Olympics in 2010….Before you call me a sucker, just know I was trying to get some general investing ideas…There are many ways to go such as the canadian banks, REITS and construction stocks to indirectly play the real estae game….
I guess the 30% on Fidelity Canada fund YTD v. 9% on the S&P 500 index makes me a sucker…..I am no fan of Canada by any means, just tired of the poor investment outlook in the US….
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