GREAT VANCOUVER HOUSING DATA
MAJOR GREAT VANCOUVER CITIES
Checking Home Price
Estimate Rental Income
Please note: housing price and rental income is affected by the specific location (eg. near Skytrain station), housing condition, etc.
In the last 10 years, the average housing price in the Greater Vancouver area increased by around 50%, equivalent to 4% of the increase in capital value every year. For some sub-area (eg. central Surrey area near Skytrain station), for some specific locations and some specific property types (eg. condo), the housing price increases much faster than that just 4% (the most profitable area increases over 6% per year). With United Polaris, you don't need to worry about the budget. You could choose to invest in the hottest area (eg. the most convenient location).
As for rental income, Vancouver is the 2nd most expensive city in Canada to live. A single bedroom suite in the downtown Vancouver area could easily be rent at $2500/month. The one bedroom housing price in the downtown Vancouver area at the moment is around $560,000. That is equivalent to 5% of return in rental income alone. In addition, this rental income increases quickly every year.
The total annual return (before tax) could be easily estimated on your own (9% before taxes).
Lastly, if you are investing in using other currencies, you might experience extra benefits from Canadian currency appreciation.
For example, the currency exchange rate changed from 1 CAD to 41.5 Indian Rupee 10 years ago to 1: 52 today (xe.com).
This means if you purchase a fraction of property that worths 40,000 Indian Rupee, in addition to the 9% annual return, your actual return in Indian rupee will be 25% more [(52-41.5)/41.5]. The value you receive at year 10 end would be around 118,368 Indian Rupee (40K to 118K in 10 years).
Another example, the currency exchange rate changed from 1 CAD to 69 Pakistan Rupee 10 years ago to 1:105 today (xe.com).
This means if you purchase a fraction of property that worths 100,000 Pakistan Rupee, in addition to the 9% annual return, your actual return in Indian rupee will be 52% more [(105-69)/69]. The value you receive at year 10 end would be around 359,839 Pakistan Rupee (100K to 360K in 10 years).