With Vancouver’s high rental costs and competitive real estate market, many parents are considering purchasing a home for their university-bound children instead of paying rent. Whether your child is attending the University of British Columbia (UBC) or another post-secondary institution, buying a property can be a strategic investment that not only provides stability but also builds long-term equity.
Key Benefits of Buying Instead of Renting
1. Building Equity Instead of Paying Rent
Instead of spending thousands on rent each year, homeownership allows you to put that money toward a mortgage—helping you build wealth over time. Vancouver’s property values have historically appreciated, making real estate a solid investment.
2. Stability for Your Child’s University Years
Owning a home gives your child a stable and comfortable living environment, reducing the stress of finding rental housing in Vancouver’s tight market. Plus, it allows them to focus on their studies without the worry of rising rent costs or potential evictions.
3. High-Demand Rental Market for Future Income
If your child moves out after graduation, properties in Kitsilano, Fairview, Kerrisdale, and UBC campus areas are always in high demand. You can easily rent out the home to students, young professionals, or families, ensuring a steady rental income.
4. Tax and Mortgage Benefits
If structured correctly, purchasing a home for your child may offer potential tax advantages. Parents may qualify for favourable mortgage terms, and rental income after your child moves out can offset property costs.
5. A Head Start in the Vancouver Real Estate Market
With real estate prices continuing to rise, buying now means your child has an asset in one of Canada’s most desirable housing markets. Whether they choose to live in it long-term or sell it for a profit, they’re getting a foothold in Vancouver’s real estate market early.
Best Neighbourhoods to Buy for University Students
Kitsilano – Close to UBC with excellent transit, beaches, and a vibrant community, Kitsilano is a top choice for students who want a balance of lifestyle and convenience.
Fairview – A central location with easy access to public transit, shopping, and dining, Fairview offers strong rental demand and a mix of condos and townhomes.
Kerrisdale – A quiet, family-friendly area with great amenities and proximity to UBC, Kerrisdale properties tend to hold their value well.
UBC Campus – Buying directly on UBC lands provides unmatched convenience for students and strong rental potential, as demand is consistently high from both students and faculty.
Is Buying a Home for Your University Student Right for You?
Every family's situation is different, but if you're in a position to invest in real estate, purchasing a property for your child can be a strategic financial move. Not only does it save on rent, but it also offers long-term financial benefits and potential rental income.
If you're considering buying a home for your child while they attend university, let's chat! I specialize in Vancouver real estate and can help you find the perfect property in high-demand neighbourhoods like Kitsilano, Fairview, Kerrisdale, and UBC.
