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Originally Posted by Claeren
Well I think the idea of upside in real estate in Canada is a bit of a joke regardless of where its located so I don't want to go defending many options...
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Tell that to the people who have made 20% in Richmond in the last 6 months.
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Condos and far flung suburban homes together have had pretty rough rides. The way I read it though was that he needs a SFH to live in and he cannot live in the condo. If he is actually going to live in the home the risks are mitigated somewhat I would think??
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If he needs a SFH, then yes priority goes to what he actually wants to live in. I wouldn't think of the primary residence in investment terms too much anyway.
Right now SFH's are killing condos in sales; but I think long term location always wins.
Quote:
Originally Posted by fundmark19
Are you sure 3 houses on my street all just sold in NB All asking more then what we paid for 2 years ago
**I should add more then what I paid for but they are all the same duplex I assume people got in roughly same price***
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SFH homes in general are selling very well right now. I've been looking at condo sales mostly lately; so I was thinking more in terms of those.
I should have worded myself better, as you are correct; home sales in that area seem to be pretty good right now.
Long term I still like putting my money on location; but maybe that's just me.