Commercial property is often a long term investment as yields from rentals are frequently better than other investments but even here there comes a time to sell.
In Richmond, Vancouver, there has been a flurry of sales activity recently, especially on the highly sought after No.3 Road.
With prices reaching a high, realtors says there has been a domino effect of property owners choosing to sell having seen others banking high returns.
It seems there’s no shortage of purchasers, probably fuelled by the wave of redevelopment opportunities in the area.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: