Updated 4 months ago on . Most recent reply
move to Vancouver BC from US- sell three rentals or keep?
My wife and two kids may be moving to Vancouver later this year. We live in North Carolina currently. We have two SFH rentals (approx $400k for each) and a large condo at Carolina beach (approx $650k) and our primary ($400). Self manage them all.
We’re considering moving there permanently. Should we liquidate all properties to buy something up there or continue to rent them and just rent in Vancouver?
Our 3 rentals have two mortgages (around 500k combined. Our primary has about 120k left. After all sales and approx capital gains taxes, we would approximate 1.2 mil USD cleared. Approx 1.6 million CAD.
Most of the places we think we might afford are around this number.
Should we liquidate and lose a decent income stream (~35k per year) to buy there or no?