There’s no sugar-coating it: plenty of investors in Surrey and across the Lower Mainland are feeling the pinch. If you bought a condo or rental at the peak in 2021 or 2022, you might be staring down negative cash flow, slumping property values, and a market flooded with listings.
You’re not alone—and you’re not out of options.

Should I Wait, Hold, or Sell at a Loss?

Let’s be real—hoping for a rebound isn’t a strategy.
If your rental is bleeding thousands every month, waiting for “the market to come back” could actually make your loss even bigger. Here’s what the market is really telling us: buyers don’t care what you paid, only what your property’s worth now.
Sometimes, cutting your losses early puts you in a stronger financial position down the road.

Stop and consider:
How long can you really afford to lose money each month? Are you prepared to wait years, with no guarantee of a bounce-back?

What Expenses Can You Write Off?

Here’s where many investors miss out:

• Strata fees
• Insurance
• Property taxes
• Mortgage interest (just the interest—not the principal!)
• Accountant or legal fees
• Interest on lines of credit (if it was used for the property)

Every deductible expense can lower your tax bill and soften the blow of a tough year.

This information is for general guidance only and may not apply to your specific situation. Tax laws change frequently and can be complex. Always consult a qualified accountant or tax professional before claiming any deductions or making financial decisions related to your property.

Selling? Don’t Miss These Deductions

Most people only think about sale price. Smart investors know it’s the net that matters.

• Realtor commissions
• Legal and closing fees
• Staging or repair costs
• GST and/or Property Transfer Taxes (On your purchase)

Add these to your “adjusted cost base” or outlays. The higher your total costs, the less your capital gains—or the bigger your capital loss.

What’s So Great About Capital Losses?

Here’s what most investors don’t realize:
A capital loss today isn’t just “money gone.” If you sell at a loss, that number can offset capital gains on future investments—for up to 20 years. You can even use it to claim back tax from gains you made in the last three years.

So yes, today’s pain can actually mean tomorrow’s savings.

Real Life Example

Let’s say you bought new, paid all the taxes, and now you’re $100,000 underwater—plus losing $1,500 a month in cash flow. Brutal.

But if you use a capital loss strategy, you could recoup tens of thousands in taxes the next time you make a profit, whether it’s in real estate, stocks, or any other investment.

Insider Tip:
Talk to a CPA who understands real estate. Many miss out on these strategies entirely.

Your Next Move: Be Proactive, Not Passive

Hoping things turn around rarely works out in a buyer’s market. Take action:

Checklist:

1. Book a call with a real estate-savvy CPA
2. Make sure you’re claiming every possible deduction
3. Ask about carrying losses forward or back
4. Don’t keep waiting “just in case” while you lose thousands

What if I have any questions about moving to Surrey or White Rock, BC?

Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of South Surrey/White Rock and its real estate dynamics, is committed to guiding you every step of the way.

We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the real estate market.

As you embark on this exciting journey, remember that the right home is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership a beautiful reality.