I don’t see any softening where I’m at.

Plaster and lathe and LOTS of wallpaper to remove (thank you fabric softener). 

As far as not ruffling feathers when raising rents as a new owner, if you do any renovation or repairs that will soften the blow but nobody is going to be excited you raised their rent.

The market softens, you're losing money on the former primary and now can't sell for as much, or at all.I asked for details, so I could help you do a proper analysis of your primary as a rental.

It would be very easy to end up upside-down if the market softens.

Also, what happens if the market softens?

I have been watching the MLS soften for several weeks now and believe that we are moving into a stronger buyers market which will present more MLS opportunities.

We have investment properties in the Okanagan and recently bought one in Langford (our first exposure to the Island)Considering that prices in the GVA are so high even for foreign buyers (manly Hongkongers) these two locations become the next two logical options.I expect the prices at the GVA to soften in the near future while the Okanagan and Island will see a steady increase. 

Hello, A little background on the situation:I purchased a home to rehab and put back on the market, once the rehab was complete the market had softened and a few more homes in the area had come online making for a buyers market.

I had all kinds of things break my first year of ownership.People often overlook things like water heaters, water softeners, furnace, and air conditioning.