Anyone remember the towers going up in Port Moody 10 years ago, and they had to shut down one of the main roads for a few days, due to the entire "pit" causing the road to slide inwards

Engineers aren't infalliable, and the checks and balances that should happen can be missed.

We have a good example of a rental building in Langford (Danbrook one) that was constructed in 2018/19.

Apparently the structural engineer was not correctly certified, and the structural design of the building was massively deficient and dangerous to the point that the city of langford pulled the occupancy permit just a few months after the building reached full occupancy. Everyone had to leave.

They only just finished fixing the deficiencies and started re-occupying last year.

https://bpvne.wpenginepowered.com/wp..._1-640x427.jpg

https://www.capitaldaily.ca/news/sho...ook-one-design

I think it's generally already known, and I haven't worked with ALL of them.

That said, the really shitty ones will go as far as to set up "Project Management Services" paper companies to oversee the construction. They're essentially paper companies with like 3 employees, and the fact that they're owned in whole or in part by the developer is often not publicly available.

This distances the developer from potential lawsuits, and gives the illusion that there's no conflicts of interest when awarding scopes.

That building is right near that House of Boateng restaurant, right? Wicked food.

That article is one of the best pieces of journalism I've read in a long, long time lol.

It also just confirms what I said.

Developer fast tracking designs, which are allegedly stolen/plagiarized without making critical changes, to BEFORE they got the geotechnical report.

Construction starting before IFC (issued for construction) drawings are stamped, and then the structure having differences with the as-built drawings.

Selling company's 'Director' is also the head of the prime contractor. But surely there's no conflict there, right?

That said, the city of Langford should have caught many of these. They do hold some responsibility in this case.

This Plett guy potentially saved a catastrophic incident from happening down the road. It suggests the original engineering company copied Plett's design and he looked into it and found a bunch of issues.

For those of us not in the industry, generally who are the good developers and who are the ones to avoid?

You can't just put developers into a "good" and "bad" category

A developer consists of dozens of subtrades, and on each job, it's rarely the same subtrades

Then from each subtrade, there's a different crew of workers at each company, and it comes down to how much the foreman of each trade, cares about the quality of install

Furthermore, it trickles down to what parts are installed in each building, from faucets to lights, could be made by some 8 year old kid in china on a factory line, or a reputable company with senior staff assembling the parts in Bangladesh

In my opinion it's literally hit and miss with how a building is going to "hold up" after completion

All it takes, is one tower to have a "burst pipe" and suddenly the developer is "worst in town" no fault to their own, after completing 60 other projects with "no issues"

Pretty much what donk said.

But the better ones do have a more consistent and preferred team of consultants, contractors etc that they use, (I'm thinking of the Bosas & Jawls).

There's definitely variations of how many issues builders have. Onni and westbank have turmoil following them from building to building. It doesn't mean everything they build is shit, but there's a reason you hear them mentioned more than others.

I'd look more on a building to building case.

On other news my strata from my unit went from $284 > $434 over the last 2 years on 710 sq ft. Effective tomorrow, it'll be $484 a 9% increase. But we have a fat $900K contingency for 200 units.

That's disgusting... my building has gone from $176 to $350 in 12 years. For 683 sq ft.

But wages are also up 20% YoY :troll:

So happy to be in a detached given the shit show that multi family is becoming

Yeah, losing hope out here for me lol.

I may sell off sometime in the near future and move somewhere lower cost of living. Maybe Japan if they let me in for skilled work, played golf with a random dad yesterday that just moved here from Japan. Apparently they're looking for lots of immigrant workers to fulfil an aging population.

You actually feel rich in Japan making over the 10% median salary in Canada.

Yah cuz home prices are super reasonable there... even high end condos with waterviews in very modern and highly developed cities are priced lower than suburban 5 stories here.

That said, Japan is a very different lifestyle in a lot of other negative ways that you have to be okay with.

Prices in Japan are 100% related to how close it is to a train line in the cities... and not just ANY train line... one that doesn't require connections to get to major places. If you're willing to walk 10 minutes to a station instead of 5 minute it's like a 50% discount. They're all about commuting convenience.

I like some of the smaller waterfront cities in the northwest... near Fukuoka... and south west of Tokyo there's some nice ones too like Kobe area etc.

Here's a fuckin sweet bachelor pad actual detached home for $350k CAD in Wakayama which is all surrounded by water and super close to Osaka: https://suumo.jp/ikkodate/wakayama/s...a/nc_98054113/

Fun times. That site is a good resource for JDM real estate.

FeelsGoodMan you just want their JAV used underwear vending machine FeelsGoodMan

Motivation is motivation

Il be there In may, you want a pair? Or half a dozen pairs so you can....nvm....

Damn 350k eh can power much retire there, hoard some JDM girls, cough I mean cars :troll::pokerface::considered: kimochi

No thanks mr Donk. Although I appreciate the consideration. I will partake in “soapland” if the tiny evil spy balloon ever pops. It’s so… therapeutic

https://www.zealty.ca/mls-R2763897/9...-Vancouver-BC/

$2.8m for a 46 year old renovated house with just 2300sf in East Van. Damn. Looks like a pretty solid reno though but still.

https://cdnparap130.paragonrels.com/.../262785524.JPG

https://cdnparap130.paragonrels.com/...62785524-7.JPG

Yeah, the reno is nice, but it isn't $2.8M nice for a 2300 sq ft home in that area of East Van.

One of my wife's GFs has recently gone on house hunting, and these were some of the units they were considering:

https://www.realtor.ca/real-estate/2...enue-vancouver

https://www.realtor.ca/real-estate/2...reet-vancouver

https://www.realtor.ca/real-estate/2...enue-vancouver

Also in that $2.8M mark, but 3000 - 3200 sq ft on a 5000+ sq ft lot in a nicer area. These would make so much more sense.

Those all need hundreds of thousands of dollars in Reno’s though lol

In under 10 years outside of maybe the last one, they are all going to be incredibly dated. The first one would probably take 200-300k to update

Personally I’d probably take one of the first to and do a big reno over the reno’ed one but I’m actually capable lol.

I'm more impressed how the previous owner managed to squeeze their limo into their backyard:
https://www.google.com/maps/place/94...g%2F11c1j121y2