ya I can wait but last time I waited I missed out on a 2.25% interest rate and probably would have been cash flowing as I type this message! I see theres houses over in Abbotsford, Maple Ridge and Pitt Medows for decent prices. I just need to do some research on rental rates and vacancy rates out there.
If you are trying to squeeze cash flow out of a property, and you truly are looking BC wide, there are better places to consider than the lower mainland. Even Kelowna offers a distressed sale or two, that can borderline make it worthwhile to dive in.
Though, to be frank, all BC property is preposterously overpriced. Some areas even more so than Vancouver.