there are few high rises going up around Surrey central and I am sure there is more too come but I am not sure how this will effect SFH prices that are in the area.One place I like is Chilliwack, there has been a decent population increase but the prices aren't mad yet.

Not a big deal, but something to consider.The oft times hidden cost of a 401k loan however is effectively your tax rate.  

The brokerage makes their money on commissions and load fees, so they charge effectively nothing for the plan (which is limited to suit their business model).With a truly self-directed Solo 401(k), you are engaging a firm to provide you with a 401(k) trust that is not limited with respect to investment choices.  

I've heard that many of today's younger folks saw the effects of the last crash on their parents and that's made them gun-shy of buying.As well, divorce comes to mind as a reason for renting.

Question: How can I  most effectively purchase this property using conventional lending?

I'm not an expert in subject-to, but I did quite a bit of research into the strategy and the laws that effect it.  

There can be title insurance issues with deeds executed simultaneously a grant deed the a quit claim deed, deeds can be effective when made, not filed.

That's dangerous and can't be overlooked based on warm-and-fuzzy feelings.  

MSA stands for Metropolitan Statistical Area, it is essentially the area around a city that is effected by socially and economically by its relationship to that city.

First, check your local flood maps, as I have found that the proposed new map in my area removes me from the flood zone, although doesn't help until it becomes effective.