My HONEST Opinion As A Young Vancouver Home Owner

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Today I'll share my ideas as a 27 years of age property owner in Vancouver.


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My HONEST Opinion As A Young Vancouver Home Owner

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About the Author: Richard Money


  1. Hi Brandon, you say you are around 27 years old and that you bought the townhouse for $1.3M and that you put 20% down that leaves a mortgage of over a million dollars at todays rates that’s a mortgage payment of over $6000 a month. I’m impressed on two fronts the first that you were able to save up for the down payment and the second that you qualified for the mortgage given the stress test in force at that the time you bought the house. And to top it all off you bought an investment property. Again, that’s very impressive given that some people your age having an income of well over six figures would be challenged to save for the 20 % down payment (i.e. in 7 years assuming you started working at around 19-20 years old and that you weren’t in school at that time) and qualify for the mortgage. Very impressive!!!

    1. Yup – all the likes add up to $$$$$$ not a bad way to earn a living giving advice and opinions especially in ones 20’s!!

    2. Yeah I would say that his partner has a lot to do with their finances as well. Not to mention if he is able to declare his residence as a place of work or income, he is able to write off a percentage of the mortgage at the end of the year. Regardless tho 20% down for that listed price does not seem feasible unless your pulling 15000 a month

  2. You’re so generous with the safety report of Richmond despite some drivers there XD
    Anyway, thank you for your insight and experience as a landlord. Lots of good advice!

  3. Appreciate the honest review of your experience, I bought a house recently too and we are all struggling with the interest rates.

  4. My wife and I were house shopping at the peak of Covid aswell and realized after being outbid that it wasn’t meant to be so instead we purchased 2 pre builds that will be done in 2025 and hopefully by then interest rates will be at a more normalized level. All things considered like stocks you can never plan to buy at the most optimal level and you just need to weather the storms.

  5. As a 22 year old still living with my parents and not yet financially ready to purchase a home, it was great to hear your honest experience with buying and renting. Love your videos and authenticity!

  6. I would not want to be buying in Vancouver area right now. My grandparents bought a house around main and 20th and on one lower middle class wage with two kids were able to pay it off in about 10 years. It doesn’t matter how long ago that was…the point is that things have gotten a lot worse for any family wanting to buy a home to the point that BOTH adults have to work at good jobs AND have somehow saved the down payment. Realistically, for most people, the only way to do that now is to have access to the equity your parents-Boomers have built up ( read: inheritence). So, imagine if that scenario was still the case…and then ask why it is not.

  7. TENANTS: Do your homework. Ask for proof of income, do a credit check on the lead prospect. Do the due diligence on the Rental Tenancy Act WAY before you rent anything out. You are lucky you didn’t do everything by the book, because evicting someone so you can increase the rent is not a legal reason and he would still be there right now. Unless you are having family move in, he doesn’t pay the rent, or you are ‘changing the use of the property’, or making very extensive renovations, it is hard to evict someone…as it should be, in my opinion.

  8. I loved this video so much! Love your honesty, that’s why I love your channel. So down to earth and real. I feel like this info is like nuggets of gold for someone like me who’s planning on buying a home here in Vancouver in a few years. It’s real talk! Thank you so much.

  9. I really enjoyed this video! Sharing your story and the numbers/prices made this so relatable and easy to follow/ understand🙌🏻 I’m a realtor and at the moment a lot of newer condos maintenance fee is between $500-700 RIDICULOUS… More so in the downtown Vancouver area but your definitely right the fees just seem to only be going up😪

  10. One of your best videos Brandon! Everyone talks about stocks but in reality the biggest investment alot of us all make is in real estate and thats where knowledge is lacking. Vancouver sure is a rough market right now so wish you well.

  11. Being that I’m a realtor in Edmonton area, it’s funny to hear your story as a home buyer. For 3 years I’ve been following your videos and now I’m enjoying you share about my industry. Just like how you know SO MUCH with stock investing, there is tons to know in the real estate investing. Glad you’re happy with your agent. You always want an amazing one who knows their stuff. Keep it up!

  12. Love the transparency here and kudos to you for sharing, and I’m sure someone has mentioned this already, but sharing that tenants need that form to collect that money “they think they are owed” will only allow shady tenants to learn about this and screw over other landlords.

  13. I joined my condo building’s HOA two years ago as a learning experience… boy, it really convinced me to not get into real estate. There is a 10% chance of landing on a bitter, miserable, petty and demanding person that will make your life miserable until you manage to get rid of them. Out of 25 co-owners, 2 were responsible for 100% of the headaches and stress. Endless melo-dramatic emails, rants, complaining about everything and anything, literally sending us pictures of the potholes in the street, asking us to do something about it. Some people are just insufferable, and it’s not worth it. I quit after 1 year and it felt like leaving a toxic relationship. The other board members were either not even reading emails, avoiding any responsibility, or were clearly in the board just to try and get their way, like selfish politicians pretending to care only to ignore everything and try to push borderline illegal budget cuts so they don’t have to pay condo fees… what a nightmare.

  14. Brandon your videos are great. However, coming from an experienced landlord my advice to you, is to count yourself extremely lucky and learn from this experience. You are absolutely never allowed by law to remove a tenant so that you can increase the rent to a new tenant. The fact that your tenant moved out and probably was not aware of their rights is lucky for you.

  15. Hi Brandon, I have been in a similar situation with the variable rate (locked in at 0.99% in 2021 and has increased since) however, still no regrets, but mainly because the penalty to leave a fix rate would be difficult to pay for us compared to the 3 months of interest we’d need to pay with a variable rate.

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