Should You Buy a Tenanted Property in Vancouver? Pros, Cons, and Investment Insights
Posted by Adam Chahl on
Vancouver’s real estate market is famous for high demand and high prices. With vacancy rates near historic lows (around 1.6% in 2024), investors and homebuyers often wonder: “Should I buy a tenanted property?” In other words, is it wise to buy a condo or house that already has tenants living in it, or should you insist on a vacant purchase?
This article breaks down the pros and cons of buying a tenanted property in Vancouver, explains the BC tenancy rules you need to know, and offers tips for first-time buyers and real estate investors. We’ll look at how owning a rental income property in Vancouver with existing tenants (an occupied unit investment) can provide immediate cash flow but also brings legal obligations. By the end, you’ll have a clear…
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