Vancouver will play host to the 2010 Winter Olympics, an event that is expected to bring more than 1.6 million visitors to the city. This is expected to boost the city=92s real estate market and attract overseas = buyers for property investment in Canada..
.
Hosting the Olympics generally means huge income for the host city and = its people and the same is expected for Vancouver. The games will bring in a huge influx of visitors and tourists, all of whom will require accommodation..
.
Figures from the Vancouver Olympic Committee (VANOC) show that there are currently only 30,000 hotel rooms available in the city, of which 20,000 have been booked by VANOC. The committee will be arranging an additional 1,600 beds for guests by bringing a cruise ship to the Squamish area..
.
However, the committee is expecting ticket sales to the tune of 1.6 = million. This leaves a gap of nearly 1.5 million beds; a rental opportunity not = worth missing. The major surge in demand is also expected to boost rents; a = survey found that the current minimum rent for the Olympics duration is =A3265 = per night and it will rise with demand. Discerning investors who move in at = this juncture could have their properties in place at the right time to make significant profit in a short period of time.
.
Property Search