Vancouver East / West Price differences
 

Vancouver real estate prices, East vs. West: September edition

:eek2: ......... :suspicious:

http://www.househunting.ca/vancouver...n?size=620x400

Case 5: $2,988,000 4 Beds, 2 Baths 125 W 41ST AV, Vancouver

:fuckthatshit:

Nothing new here...the land in the West side is worth much more. End of story!

its not just housing either lol. do an investigation, go to urban fare then go to save on foods in like richmond. the are essentially the same store. same items cost less in richmond. jimmy p. owns both stores, just trying to make a couple more bucks off the people downtown.

Totally depends where you're looking though.
This is 2 Mil.
6 Bed 4 Bath
14375 Sqft Lot
3785 Southridge Avenue - West Vancouver Homes and Real Estate - BC, Canada
http://is.12h.ca/d8w1pl/ri/1589_4226...tes.luxury.jpg
http://is.12h.ca/g8w1pl/ri/1589_4226...tes.luxury.jpg
http://is.12h.ca/j8w1pl/ri/1589_4226...tes.luxury.jpg
http://is.12h.ca/l8w1pl/ri/1589_4226...tes.luxury.jpg

Factor in transit costs and difficulties with shipping stuff via large truck into the downtown core, as well. You pay a premium for living in the "premium" area.

I wonder what kind of jobs the new buyer's have to be able to own/afford a place at these sky high costs.. I was looking at mortgage calculators on some random sites lately and I worked out that for a 3 million dollar house:
- 150,000 down payment
- 30 year mortgage rate (~4%)

You need a gross $510,000 combined family income paying a monthly mortgage rate of $14,000/MONTH

:fulloffuck:

The problem with those comparisons is the building ages are different and the lot size isn't known which will affect the value and let's not forget these are "asking prices"

so im willing to believe there is a difference in pricing even though they may be a block or two away but how drastic a difference is something that isn't known/described accurately to us in the article

They aren't for new buyers. It's for people who already have decent career jobs and own their current place. Then they sell and mortgage again, but this time borrow a lot less, thus less monthly payments.

FFFfffuuuu-, that's basically my neighbourhood, and i'm on the 'one block east' side.

How am i gonna afford a home in Vancouver...?
I'm better off living with my parents until they give me their house. :alone:
Or a condo would be nice..

I wanna see West Van vs West Side comparsion
probably make the West Side homes look East Van in comparison :troll:

equity my son. equity.

west vancouver range from 3mill - 10mill

http://jaybanks.ca/vancouver-real-es...ties-homes.php

west side can go from 1.5mill - 20mill ++ :fulloffuck:

Damn, wish I can find the old TV ad where two little kids are looking around the house with a flashlight. Brother says, "What are we looking for?" "Dad says there's money in our house called equity." We just have to find it."

not by being an employee that's for sure. most likely small business owners

You guys are looking at the houses when you should be looking at the land.
Posted via RS Mobile

How are you going to afford the property tax? If the house is worth $2M, your taxes would be $8500/yr.

Don't look at either, prices are just stupid.

My GF's 1500sqft character home (without a suite, without a full height basement, without a garage, with an awkward attic bedroom) in Kits was $460K in 1998, about the same in 2002, and today would go in a bidding war for $1.5M. The price more than tripled in less than 10 years when on average real estate doubles every 25 yrs.

Isn't that only ~$700 a month..
If his parents gave him a house and he can't come up with $700/month for a roof over his head, then he's got more problems than just money.

Just buy in White Rock. Living in Vancouver is overrated.

You cant say that because your from surrey. Im from Vancouver and it is not overrated because everything is close by and convenient, i can drive anywhere in the GVA within 20min.

This. I worked as an asbestos remover for a short time and we had to tear a house down near kits beach. The house was sold 6 months before we tore it down for 2.4 million. The place was hideous and crappy. 1 bathroom and maybe 4 bedrooms. Someone bought it just to tear it down so they could build an apartment building instead.

The housing market in this city is redonk. That 2 million dollar house seems like a steal of a deal. But in a place like edmonton that house would be around the 400,000 mark.

I'd rather buy something in Ladner or South Surrey or even frickin' Fraser Heights. When we moved here, we looked at Vancouver, then noted that unless you are living in Yaletown, you need a car for *everything*. And plus, houses that look like crack shacks for 1.5 mil? That's insane. There's nothing in Vancouver, and I mean nothing, that makes a crap house worth that much. If you live at E 22nd and Ontario, there really isn't a lot close by. Nothing that couldn't be found close by in Burnaby or Coquitlam or Surrey or Langley.

Vancouver is very, very overrated. I have traveled quite a bit. You know where everything is close and convenient? Paris. Rome. London, to an extent. Rio de Janeiro, even. Asia, in general, although I haven't been there yet. The Lower Mainland has a big separation of residential areas and commercial areas. That makes it so that you can't feasibly walk anywhere and do your groceries and shopping, unless you happen to live near a "Centre" (Metrotown, Richmond Centre, Lougheed Town Centre, Edmonds Town Centre, etc). Even, say, if you live down on 65th and SW Marine, and work downtown, you're looking at about 45 minutes between buses and train. From here in Surrey, I take a total of 45 minutes to make it downtown.

Except for the postal code, no difference, really.

new buyers dont buy 3m homes.. unless you're a hockey player or some shit