How to invest in Vancouver housing without buying a whole house?
October 4, 2012 8:39 PM Subscribe
I would like exposure to the Vancouver (BC) housing market in my investments, without buying an individual unit of housing. Can this be done?
posted by ripley_ to work & money (5 answers total) 1 user marked this as a favorite
So, I'm a young professional in Vancouver and I quite like it here. I'm probably going to be staying here for the long haul, and to that end I'd like some exposure to the local property market (preferably middle to high quality urban multifamily housing) in my savings/investments. A bit of insurance against the possibility of housing prices continuing to skyrocket would be nice.
The obvious solution is to save up for a condo and then live in it, but that scares the hell out of me - I don't want a huge chunk of my savings to be tied up in one giant, illiquid, and risky (What if the strata is awful? Or the building becomes infested by bedbugs? Or...) investment. Ideally I'd be able to split my savings across multiple units for diversification.
I don't have any friends who would be interested in splitting ownership of a property, and besides the hassle of renting a unit out is a big turnoff.
A residential REIT with a majority of its properties in urban BC would be ideal, but I haven't found any.
Given all that, can you think of anything that might work for me? Thank you!