BC Trailer Parks Attract InvestorsApril 9, 2019 10:34 am
Demand for cash-flow properties outside of the Lower Mainland continues to increase since the implementation of speculative and foreign taxes in B.C. As a result, Mobile Home Parks (MHPs) are an attractive alternative for investors with the number of sales rising to 27 properties in 2018 compared with 22 the previous year.
The recent trends shows longtime owners are selling MHPs and retiring with their capital, while buyers are often mature investors who see the manufactured home parks as a future retirement investment. For instance, it is possible for rental investors to buy a 12-pad to 15-pad manufactured home park in rural B.C. for around $600,000, which is the average cost of a Vancouver condominium apartment.
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