VANCOUVER (NEWS1130) – What would you do with a million dollars?
We conclude this week’s our real estate series by asking the experts where they’d pick up property with that kind of money.
Senior Mortgage Consultant Feisal Panjwani with Invis-Feisal in Cloverdale likes Chilliwack, Abbotsford, Mission, and Whistler. He believes these areas may experience a bit of a boost in the next few years:
“I would look for property in the Lower Mainland, nearby, where it’s easy to manage [and] I can keep my eye on it. I would just buy something that, in my opinion, is undervalued.”
Across the line in Whatcom County, realtor Mike Kent, with Windermere Real Estate, believes your best return will be anything near the water. “The old adage that they’re not making any more of it applies.”
Scotiabank tax expert Adam Salahudeen says he’d keep his money in Canadian tax territory and put his hypothetical $1 million into recreational property in cottage country in his home province of Ontario.