For mortgage-weary Vancouverites, the Olympics will be the perfect time to skip town, rent out the homestead and reap the profit
FIONA MORROW
From Monday's Globe and Mail
August 11, 2008 at 9:07 AM EDT
VANCOUVER — There's nothing quite like becoming an Olympic venue to give a city an inflated sense of its own worth.
Ask Vancouverites what they think of the Games and the rosy glow of civic pride turns quickly into thoughts of hard cash. In a city known for its red-hot housing market, the first reaction of many residents is not to bid for tickets to cheer on Team Canada, but to get the heck out of town and make a killing renting out their pad.
It looks like bargain-hunting visitors will have their work cut out for them, if prices remain where they are. According to ads placed on the mushrooming number of websites devoted to 2010 rentals, a two-bedroom condo in trendy Yaletown - handy for downtown venues - will set you back about $36,000 for the month of February, 2010. If you don't mind a lengthy SkyTrain commute from the suburbs of New Westminster for a property that can house 12, you'll need to stump up $45,000.
A luxury home in the mountains of West Vancouver is currently in the $2,500- to $4,000-a-night range.
And that is just what is already on the market. According to Blake MacKenzie, guest services manager at Emrvacationrentals.com, inquiries from prospective visitors currently outstrip listings. "We've had countless calls from homeowners interested in renting out their properties," he said. "But many are waiting in the expectation that they will get more money nearer the Games."
So should opportunistic homeowners expect to cash in?
"Most properties in Vancouver are sitting at the $400 per bedroom per night rate," said Mark Szekely, site administrator of Rent2010.com. "Which seems to me a level which may prove comparable to hotel rates."
... ... ...
Домовладельцы, к Олимпиаде готовитесь?
Правила форума
Пожалуйста, ознакомьтесь с правилами данного форума
Пожалуйста, ознакомьтесь с правилами данного форума
- akela
- Графоман
- Сообщения: 13066
- Зарегистрирован: 21 авг 2007, 10:25
- Откуда: ru->de->bc.ca
Домовладельцы, к Олимпиаде готовитесь?
Crash at my pad in 2010 - for $35,000
- Hoff
- Маньяк
- Сообщения: 2868
- Зарегистрирован: 08 ноя 2005, 09:22
- Откуда: Lulu Island
Re: Домовладельцы, к Олимпиаде готовитесь?
Ага, подгадаем по времени, к олимпиаде жильцов - нафик, найдём на месяц правильных, за $400-450 в день
. Не меньше.