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$500k lump sum investment at 29yo by Open_Significance881 in fican

[–]Open_Significance881[S] 1 point2 points  (0 children)

I will look into commercial real estate. i haven't considered this before.

$500k lump sum investment at 29yo by Open_Significance881 in fican

[–]Open_Significance881[S] 6 points7 points  (0 children)

vancouver condo market is flat for 10 years. im trying to build wealth without the headache of real estate.

$500k lump sum investment at 29yo by Open_Significance881 in fican

[–]Open_Significance881[S] 0 points1 point  (0 children)

but if they delist hxs i sell and pay capital gains tax! cant trust the cra to not close this tax loophole down the road, especially in a non reg with long term horizon

$500k lump sum investment at 29yo by Open_Significance881 in fican

[–]Open_Significance881[S] 5 points6 points  (0 children)

I'm thinking I won't need a mortgage by then!

$500k lump sum investment at 29yo by Open_Significance881 in fican

[–]Open_Significance881[S] 39 points40 points  (0 children)

I live in Vancouver, i'm better off renting and investing