Vancouver Magazine
BREAKING: Team Behind Savio Volpe Opening New Restaurant in Cambie Village This Winter
Burdock and Co Is Celebrating a Decade in Business with a 10-Course Tasting Menu
The Frozen Pizza Chronicles Vol. 3: Big Grocery Gets in on the Game
Recipe: This Blackberry Bourbon Sour From Nightshade Is Made With Chickpea Water
The Author of the Greatest Wine Book of the Last Decade Is Coming to Town
Wine Collab of the Week: A Cool-Kid Fizz on Main Street
10 Black or African Films to Catch at the 2023 Vancouver International Film Festival
8 Indigenous-Owned Businesses to Support in Vancouver
5 Things to Do in Vancouver This Week (September 25- October 1)
Protected: Kamloops Unmasked: The Most Intriguing Fall Destination of 2023
Dark Skies in Utah: Chasing Cosmic Connection on the Road
Fall Wedges and Water in Kamloops
Attention Designers: 5 Reasons to Enter the WL Design 25
On the Rise: Meet Vancouver Jewellery Designer Jamie Carlson
At Home With Photographer Evaan Kheraj and Fashion Stylist Luisa Rino
The local housing market seems impenetrable to first-time buyers, yet every week the HGTV show Income Property introduces another starry-eyed Canadian couple who are “making their financial dreams a reality.” Yes, there are hurdles: leaky basements, falling roofs, and/or rats. But with a little help from host (and real-estate investor) Scott McGillivray, buyer after buyer learns how to offset mortgage payments by developing and renting out a basement suite.The catch? In 10 seasons (Income Property launched in September 2008, just as the stock market tanked), the cameras have never crossed the Rockies. After all, what young couple could afford to buy a single-family home here—with or without a mortgage helper?There is one shortcut into the market, though, explains Eitan Pinsky, a broker with Origin Mortgages. “Properties selling for over $1 million go to professionals in their late 30s with large salaries and down payments saved,” he says. (The law requires at least 20 percent down.) “Few young adults have that amount of cash without help from parents.”