I've mentioned in other blog posts that I think Inflation may to be an issue in 2-3 years because of ultra low interest rates and Stimulus packages from National Governments around the world.
I'm going to buy more real estate (Downtown condo's and a house in East Van) and I'm going to get 5 year fixed rate mortgages to keep my payments (costs) consistent and then rent these places out. Inflation should push up rents while my costs remain static, leaving me with a nice profit. (hopefully)
I plan on getting 4% 5 year fixed rate mortgages. I like these because a decent amount of principal gets paid off and the costs remain low.
I'd love to hear your thoughts! Click Here to join the conversation on Vancouver Real Estate or give me a call at 604-763-3136