All Forum Posts by: James Ohms

Thanks so much for the reply jason, tried to PM you but it never went through. I have a friend who purchased in Campbell River and said vacancy rates are low right now, other than that I have no real knowledge of the island. I feel pretty lost on where to buy. And I imagine I would need a property manager over there. And I never really considered Canadians from back east migrating here but that makes sense. 

Hi,

I currently own a home in Cloverdale and have built up quite a bit of equity in it and would like to buy a 2nd rental house. I am leaning towards Chilliwack and undecided on getting a large lot/older house or newer/smaller lot. My price range is 600-950k. I know vacancy rates are low and rent prices fairly high. I can see lots of development happening there in the next few years. That being said part of me is leaning towards Vancouver Island which has lots of potential. To say I'm a little  nervous would be an understatement. The market is at an all time high, covid etc... But I just see more and more people coming here and this won't end anytime soon. Any input is beyond appreciated. I'll be sure to update once I make a purchase.