How to Afford a Home in VancouverPosted by Tony Cikes on
With the price of houses in Vancouver, how does one afford to buy one? Do you ask your parents to help? Do you get renters to help with the mortgage? How about both? The answer is... YES!
The price of houses has been climbing up over the past few years as well as the land values. Neighbourhoods with great schools have seen some of the highest price appreciation as well as land that allows you to have multiple dwellings. Baby boomers are retiring, selling their homes for astronomical numbers and are downsizing. The kids have moved out, the parents don't need as much space anymore, they can sell their home and retire early. This is causing a big transfer of wealth as some parents are helping their kids buy a home and are transferring the wealth to…
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