Quote:
Originally Posted by jhausner
Yah. My apartment @ King George went up 29% this year. My Townhouse went went up 56%... luckily I have a credit with Surrey on the property tax front so won't be as big a hit this year.
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Wow 56%. Time for Keg steak dinner and a 4K TV with HDR capability. My Ultra condo went up 33% since last July (but in reality it is actually higher). Crazy condo market for Surrey. Not sure how long it can keep up. You got first time homebuyers fueling condo demand with BC interest free housing loans, as well as foreign buyers not subject to the foreign buyers tax on presales which get added to the mix.
PS: Pay property taxes with credit card using PayTM or Plastiq to maximize credit card reward points or satisfy minimum spending requirements for lofty signup reward point bonuses on new credit cards.
I kind of wish I bought a rental condo in Park Boulevard for investment but even last year their asking prices were very high for what was a one bedroom rectangle unit....complete with your kitchen, TV, couches, dining room table all within 2 feet from touching each other....