Quote:
Originally Posted by Alex Mackinnon
Connect2source, you're a real estate agent, right? What other investing experience do you have? I don't see how anybody can expect presale condos to appreciate more than an actual investment in stocks, preferreds, or indices right now.
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Yes I am. Really depends on how long you plan on holding on to the pre-sales, right now I'm not really selling the local market as a flip-market. I don't sell stocks, I sell real estate and invest quite heavily in real estate myself. My real estate portfolio and that of most of my clients has outperformed my stock portfolio by a huge margin over the last 10 - 15 years. Typical gains in condos over the last 12 - 18 months have exceeded 30%. Past performance is no indicator of future gains in either stocks or real estate but demand remains very strong for condos Vancouver and 'close-in suburbs' like Burnaby, North Shore and Richmond and inventory remains tight.