Check it out! If you bring cash this house will only cost you $462,000.. You might even get a deal as the seller is ‘motivated’ since at least April or so. It brings in $1450 per month in rent too! Can you make those numbers work?
I used the ever handy mortgage calculator to discover that if you put 5% down you’ll need an annual income of $157,631 to buy this house, so it’s quite the status symbol. And yet some people claim that Vancouver is in the peak of a bubble. pshaw!