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What should we do with money from sale of Vancouver house?

Q: We are selling our condo in Quilchena area of Vancouver. Both my wife and I are retired and will be living off of our pensions. What would you suggest we do with the approximately $150,000 we will have left after the sale and paying off all debts? We love Palm Springs and would like to spend more time there. Should we purchase or rent down there for 3-6 months? Where is the best place for retirement in BC and do you recommend we buy again or just rent?

A: It is a good question. One that is asked often.

Unfortunately, it is 80% personal and only 20% general. I would have to know a lot more about you and your needs.

It depends whether you like skiing, boating, whether you need a major hospital nearby…
How much time you like to spend in the US every year? … etc.etc.

Listen to Michael Campbell this morning where we discuss US investment:

Much Success


About Ozzie Jurock

OZZIE JUROCK (FRI) is the author of Forget About Location, Location, Location. Ozzie Jurock is also president of Jurock Publishing Ltd. Peter C. Newman in his book Titans called him a Real Estate Guru. Vancouver Magazine called him one of the 45 brightest people in Vancouver. Ozzie Jurock appears every 2nd Wednesday on Global TV News Hour. He also authored the book: Forget About Location, Location, Location and has written hundreds of published real estate articles in the Vancouver Sun, Business in Vancouver, the Globe and Mail, the Western Investor and dozens of magazines. (List of published articles.) Several thousand people have subscribed to his monthly and weekly newsletters Jurock Real Estate Insider and Jurock's Facts by Email.

Comment ( 1 )

  1. If you already like the area. Less than $75k could buy you an excellent condo on a golf course. In your age group you can rent it out while away.

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