Here’s one option for getting rich off your Vancouver condo investment: Turn your condo unit into a hotel room and provide temporary shelter for tourists. Why get only $1300 or so a month when you can get $2790*? Here’s an example located downtown at spectrum.
By going into the hotel room business you can earn enough to pay the mortgage on your investment, and as long as your strata agreement allows it you can compete with traditional hotels by allowing pets.
You can become an ambassador for the city AND make out like a bandit. Whats not to like?
*based on full occupancy at daily $90 per day rate for 31 day month