Hi Duckfield The good thing about myself is being in the business since 1996. I have seen the ups and down of the Real Estate market much like many have seen the ups and downs of the stock market, Bitcoin and relationships. The best news about all of them are.... Nothing is easy. Nothing is a sure thing. Never jump into things feet first without research. Never buy high and sell low. Long term vision is always the best strategy. ( just ask my wife. We have been together since 1996 and with work, are relationship is the best it's ever been). Or you can rent for the next 10 years and pay approx 3-5K per month to rent a townhome for example. Which equates to $360,000 of guaranteed lost monies. I prefer to pay off my own mortgage. Hope this helps. - Darcy

@@KelownaRealEstatePros good reply :) sorry for giving you a hard time. I appreciate your videos you are usually first to get them out.

0.25% rate reduction is belly button lint. Wake up.

Hi Graeme Strata fees are a tough pill to swallow but once people realize what Strata fees are used for this really starts to make sense. Strata fees could be paid to the strata corporation by every owner of a community to pay for things such as ( each strata is different and their budget outlines what strata fees are used for). Plus the government has created a mandatory Depreciation report to ensure the owners or strata have accounted for future maintenance costs, just like homeowners should with their own Single Family home. So the unexpected costs may have most of the expense already saved. Landscaping Building insurance Snow Removal Garbage and Recycling Exterior building maintenance - roof, siding, windows contingency fund electricity for common area lights water for irrigation amenities - pool, gym, guest suite, clubhouse etc As a single family homeowner or freehold property owner the above costs would be paid as well but by you only outlined below landscaping maintenance - your sweat equity or company Building insurance as part of your home insurance garbage and recycling on your tax bill Water for your irrigation on your water bill Amenities - your monthly gym membership, hotel for guests, no clubhouse to have gatherings Roof and exterior repairs - all on your cost Snow removal - sweat equity on your part again or hire out. Hope this helps.

@@thatfarm499 Hi Thatfarm499 You are correct .25% rate reduction is belly button lint but would you have prefered it to increase by .25%. Like a relationship, you have to start somewhere to get to the place you want to be. A small gesture in the right direction will get us to where we need to be. However, if you wait for the overnight rate to get to .25% again you will be too late. Let's talk real estate again in 10 years and see if waiting was the right thing to do. If we had a crystal Ball we would be living on the beach right now. Look forward to the chat.