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All Forum Posts by: Kris Mcfarlane

Kris Mcfarlane has started 0 posts and replied 114 times.

Post: Further Bank of Canada warning on housing market

Kris McfarlanePosted
  • Rental Property Investor
  • Chilliwack, B.C.
  • Posts 115
  • Votes 37

I think depending on what market your in it varies so widely. I don't see it going up that huge jump 20 percent in Vancouver in 2014 again in 2016 but it is on a steady increase for sure.  I've put in four offers in the last two months and literally paid 100 to 103 percent of asking and the offers were turned down. One house sold for 50 k over asking and the house needed 40 k worth of work and it was priced at 600k!

how s the market out your way? 

Post: Alberta forecast for 2016

Kris McfarlanePosted
  • Rental Property Investor
  • Chilliwack, B.C.
  • Posts 115
  • Votes 37

I was looking in the fort mac market a year ago in the 850 range and holly am I glad I didnt buy there as prices are down 15 percent, dont quote me on that! I sold one house in the lower mainland, it went up 80 k in a year and a half, my other property went up nearly a 100 with a partial rehab that I did my self for 30. 

But in the lower mainland, Chilliwack/promoroty area expecially where you can get a house for 450 walk out basement rent upstairs for 2000 a mo and rent downstairs for 1000 a month and tenants voluntarly go on a one year lease. I was showing my house there for maybe 20 people a month three months before move in date. Great house as an investment. 

im going full speed ahead and dont have any intention in slowing down at all, being a carpenter helps a lot and obvs so dose the income that I make up north. I'm stuck in wapatraz at the moment. let me know if this helps at all - dont mind the spelling mistakes. 

Post: Thoughts on real estate agents carrying firearms...

Kris McfarlanePosted
  • Rental Property Investor
  • Chilliwack, B.C.
  • Posts 115
  • Votes 37
Originally posted by @Fred Heller:

@Kris Mcfarlane  I love you guys in Canada, but "93% of Americans own guns?" The figure is more like 32% The percentage of gun ownership varies widely by state, with Alaska having the highest gun ownership at 61% (makes sense) and Delaware having the lowest at 5%.

Source: NBC

Thank you for the correction, the number I found most interesting actually after reading more into it was that 65% of guns are owned by just 20% of gun owners. 

Post: Thoughts on real estate agents carrying firearms...

Kris McfarlanePosted
  • Rental Property Investor
  • Chilliwack, B.C.
  • Posts 115
  • Votes 37

As the only Canadian to respond to this post and guns are no where as common in Canada as in the states, I believe the last article I read mentioned 93% of Americans own firearms, the sight of a weapon would make me feel very reluctant to buy in that area, trust that person nor would I want my wife entering a house with someone who had a weapon even if they had a permit. 

I have spent a lot of time in the states, at least 50-80 days a year for the last ten years and the whole idea of weapons still make us weary and yes I do understand it is your second amendment, forgive me if I'm wrong on that.