Am African like you

I stated that "Metro Vancouver saw home sales rise 28% year-over-year," not home prices. You are talking about prices and I'm talking about sales activity. I hope that clarifies things. Thanks for watching and engaging.

The air here is fantastic and there are endless quiet forests to sit and meditate.

@@LivingInVancouverBC Yay amazing! Thank you so much 😊👍

The main difference is housing prices in West Van are more expensive. Both municipalities have great amenities and restaurants and because they are right beside one another it is easy to travel between the two. Hope this helps.

Thanks for watching!

@@adriandietz5936 Yes, I am. I was born in Cape Town.

Hi, Ricardo. Thanks for watching. Are you looking to rent or buy? Yes, Central Coquitlam would be good. Anything around the Coquitlam Centre, City of Lougheed would offer what you're looking for. The Burquitlam neighbourhood is also burgeoning with great proximity to amenities.

@@LivingInVancouverBC thank you for getting back! I'm looking to rent

Thanks for your support!

Agreed. Totally laughable. What a knucklehead. Buy! in this nasty market so I get paid. SMH...

He's utterly embarrassing.

My pleasure, Adam. Thanks, for watrching.

Thank you so much, Adam. I appreciate you! 🙌🙌

Needs to showcase some individual properties so that the viewer gets a better idea of size and quality of properties

@@abbey1999 That’s my job! 😂😂😂 If you’d like to see some homes in the area give me a call. 778-995-1922

@@abbey1999 If you're looking to purchase a home in West Van, give me a call. I can assist in finding the right home for you and your family. 778-996-1922

Thanks for watching and sharing your thoughts.

That would be ideal if possible. There are going to be some people who were already planning to sell due to retirement or other reasons and who may have no other choice.

@@LivingInVancouverBC I just retired my plan was to sell two small condos this year to finance my retirement I should of kept working and not made room for someone else to move up!

@@photoMorg Thanks for sharing your story!

You would declare your existing home to have been your principal residence up until you purchase your second home then your second home becomes your principal residence. When you sell your first home in a couple years you would have possibly had a capital gain in those two years, this would be your taxable capital gain on that property not for the years you lived in it.

@@waffles1ca thanks for reply, Apricaited, if you don't mind can you elobarate with numbers ? at present i lives in home(primery) i bought 12 years ago 350K , today's(April 2024) market value is 1M , now i buy my secnod house in June 2024 moved in so new house will be my primary house from june 2024 , and i hold my older(first) house till June 2026(2 years) how to determine the capital gain ? will they consider capital gain 1M - 350K =650K ? sorry if it sound stupid but i understand simple language... thanks again

Thanks for jumping in. 🙌

I would recommend getting advice from your accountant on this. I'm not able to give advice in this area. I believe @waffles1ca is correct in their response above.

@@TVTV-gq8oj get your existing home appraised when you move to your new home. Your capital gain on your first home would start when it’s no longer your principal residence. So your gain up to June 2924 should be zero as long as you lived in that house from the time you bought it.

My parents had a cottage, it was owned by them for 60 years, starting in around 1982 there was a “valuation day” after that point capital gains would apply to the gain. My dad spent decades worrying about the capital gains tax whenever the cottage would be sold or turned over to the children as an inheritance. It was a constant worry. He and my mom enjoyed the cottage until he passed away in 1999 having enjoyed the cottage for 43 summers, he never had to pay the tax in spite of the worrying. My mom was the successor owner, she enjoyed the cottage for another 17 summers. She sold, declared the cottage to have been her principal residence, paid capital gains on her house. Everything is good, why would you worry?

The inclusion rate has changed several times over the years. It was 75% in the 1980s and higher in the 1990s, in spite of this the Canadian economy has grown significantly in those decades. Invest wherever you want. Canada has been a great place for me to live and invest.

Thanks for sharing your opinion, Frank.

The difference between renter and owner, renter can rent forever, if he loses income, he is going to move to cheaper rent. Rent is going to increase with salary, because renters dictate how much they can pay. Property taxes, maintenance and mortgage going to increase by the desire of strata, bank of Canada, bankers and city bureaucrats. Yes, if you want to study and work like a horse and give away 80% of your income for shelter, you still can follow that real estate religion in Vancouver.