How to Profit from BC Real Estate in Uncertain Times
Imagine you are sitting on a pile of cash that you have saved up for years. You want to invest it wisely and grow your wealth, but you are not sure where to put your money. The stock market is too volatile, the bond market is too low, and the cryptocurrency market is too risky. What do you do?
You invest in BC real estate.
Why? Because BC real estate is one of the most profitable and stable investments you can make right now. Even in uncertain times, when the economy is struggling and the pandemic is raging, BC real estate continues to appreciate and generate income for savvy investors.
Don’t believe me? Let me show you the facts.
BC real estate has appreciated significantly over the last 30 years and is expected to continue doing so due to high demand and low supply. According to BC Assessment, the independent authority that assesses all properties in BC for tax purposes, the average assessed value of residential properties in BC has increased by more than 600% since 1993. This means that if you had bought a property in BC for $100,000 in 1993, it would be worth over $600,000 today. That’s an impressive return on investment that beats most other asset classes.
As you can see, BC real estate has appreciated significantly over the last 30 years, with only minor fluctuations during economic downturns. The trend is expected to continue as BC’s population and economy grow.
But appreciation is not the only benefit of investing in BC real estate. You can also generate income from renting out your property or flipping it for a profit. According to the British Columbia Real Estate Association (BCREA), the provincial body that represents more than 23,000 REALTORS®, the average rent for a two-bedroom apartment in BC was $1,508 per month in 2020, up by 4.2% from 2019. That means you can earn $18,096 per year from renting out your property, which can cover your mortgage payments and expenses.
As you can see, the average rent for a two-bedroom apartment in BC has increased steadily over the last decade, indicating a strong demand for rental housing. You can capitalize on this demand by investing in rental properties that can generate passive income for you.
Alternatively, you can also flip your property for a profit by buying low and selling high. According to Zolo, Canada’s largest online real estate marketplace, the average price of a detached home in BC was $1,039,900 in September 2020, up by 12.4% from September 2019. That means you can make a hefty profit by buying a property at a discount and selling it at a premium.
As you can see, the average price of a detached home in BC has increased significantly over the last year, indicating a hot market for sellers. You can take advantage of this market by investing in properties that have potential for appreciation and renovation.
Now that you have seen the facts, you might be wondering how to get started with investing in BC real estate. That’s where we come in.
We are Stress Free Construction, a company that specializes in providing high-quality and affordable construction solutions for residential and commercial properties. We can help you with every aspect of your real estate investment, from finding the best deals, to designing and building your dream home or your cash cow, to managing and maintaining your property.
We have over 20 years of experience in the construction industry, and we have a team of skilled and licensed professionals who can handle any project, big or small. We use the latest technology and equipment to ensure quality and efficiency. We also offer competitive pricing and flexible financing options to suit your budget and needs.
We are not just a construction company, we are your partners in success. We will work with you every step of the way, from planning to execution to completion. We will listen to your goals and vision, and we will deliver results that exceed your expectations. We will also provide you with ongoing support and advice to help you maximize your return on investment.
Whether you want to invest in a single-family home, a condo, a townhouse, or a multifamily property, we can help you make it happen. Whether you want to invest in an urban, suburban, or rural setting, we can help you find it. Whether you want to invest in a coastal, mountainous, or forested environment, we can help you build it.
Don’t let uncertain times stop you from investing in BC real estate. Now is the best time to invest, because smart investors invest when regular population is scared. They buy low and sell high, and they reap the rewards of appreciation and income.
If you are ready to take action and profit from BC real estate, contact us today at Stress Free Construction. We will take the stress out of your construction project and help you achieve your investment goals.