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-   -   Vancouver's Real Estate Market (https://www.revscene.net/forums/674709-vancouvers-real-estate-market.html)

bcrdukes 03-16-2024 06:48 AM

EvoFire might move to Winnipeg and then we're all screwed :lol

EvoFire 03-16-2024 07:06 AM

Quote:

Originally Posted by bcrdukes (Post 9129391)
EvoFire might move to Winnipeg and then we're all screwed :lol

So I'll be closer to you? :heckno:

bcrdukes 03-16-2024 07:52 AM

We can be neighbours :hotbaby:

mikemhg 03-16-2024 09:21 AM

People really are putting money where their mouths are, and leaving Vancouver.

I'm impressed.

RabidRat 03-16-2024 09:54 AM

Quote:

Originally Posted by Badhobz (Post 9129388)
Now I’m sad…. Dukes, rat, 69stylez, gs8, all you hongers who went back to hong hong land. NO ONE ELSE leave okay ?!?!!!! Buncha fuckers. If this keeps going our next RS meat will be in the middle of the country.

12 months later...

Badhobz: "I have news. I've moved to Montreal."

Quote:

Originally Posted by mikemhg (Post 9129400)
People really are putting money where their mouths are, and leaving Vancouver.

I'm impressed.

Don't tell me you haven't thought about it. Which areas are on your shortlist? :D

bcrdukes 03-16-2024 09:58 AM

Badhobz = Quebec separatist

PeanutButter 03-16-2024 10:14 AM

Would moving to the states be that much of a shock for everyone?
I've been to Texas a few times and every time it's been great.

I'm pretty immune to racism and discrimination here, is that really bad in the states?

My cousin moved to Florida. He was getting about $80k CAD here, he was head hunted on Linkedin and was offered $120k USD + moving allowance and $5k signing bonus. He said there are no asians out there and he feels out of place there for sure.

The problem he faces now is he wants to come home but the money is too good out there.

bcrdukes 03-16-2024 10:18 AM

You would get raped, PeanutButter.

mikemhg 03-16-2024 10:33 AM

Quote:

Originally Posted by RabidRat (Post 9129405)
12 months later...

Badhobz: "I have news. I've moved to Montreal."



Don't tell me you haven't thought about it. Which areas are on your shortlist? :D

Big time. Canada is tough though, we don't have many options.

Toronto is too busy, Montreal is too French and cold, Calgary/Edmonton...too cold, among other things. Other than cheap housing, nothing about Calgary is sexy, I'd be depressed as hell living in that city.

Outside of leaving the country entirely, Vancouver Island has been the only spot to peak my interest.

JDMDreams 03-16-2024 11:25 AM

Montreal is beautiful, food is beautiful, and I've heard a thing or two about their strip clubs:accepted: for half the price of Van. Just live there in the summer and come back in the winter?

Badhobz 03-16-2024 12:47 PM

Montreal is okay. I wouldn’t change Vancouver for MTR though.
Roads conditions are terrible, traffic is pretty bad as there are only a few ways into the city, and the French-ness is ridiculous.

I couldn’t deal with the Quebec language police and all their horseshit.

snowball 03-16-2024 01:45 PM

Quote:

Originally Posted by PeanutButter (Post 9129409)
The problem he faces now is he wants to come home but the money is too good out there.

That's always been the problem with this place isn't it. Can't afford to live here if you work here.

Hondaracer 03-16-2024 03:21 PM

Just spent 10 days a few weeks ago in Toronto visiting friends, both of which live in the Beaches between Queen Street and the Danforth

Honestly, as much as it pains me to say, Toronto shits on Vancouver for dining and bars. It actually pissed me off how much cooler their area felt compared to East Van, which I feel like are direct comparables. So many awesome little hole in the wall bars and restaurants which simply cannot exist in Vancouver due to the greed of landlords and all the other BS.

It’s kind of the story of Canada though, we never live up to our full potential because of all the other BS.

With that said they both own “semi detached” homes which are 2+ mill now, which we would consider a duplex, so housing isn’t exactly a relief there

JDMDreams 03-16-2024 03:44 PM

^^ cactus club bro, earls, browns social house bro

noclue 03-16-2024 05:47 PM

Quote:

Originally Posted by 68style (Post 9129331)
Well, on the positive side, my realtor found a place that the lady wants to sell to down-size and she was scared to put it on the market because everything sells in 24hrs and she doesn't want to be homeless... so I told her we could do a 120 day possession or even longer if she needs and I'll just rent it back to her, just agreed on a price that was fair and signed everything. No competition. I can even do an inspection (which is next Wednesday) which is impossible to do with a house on market.

There's no empty home tax, no AirBnB limitations... heck there's not even property transfer tax there. Closing costs are < $2k apparently. Probably gonna have to live in both provinces back and forth for awhile... the house is immaculate, she was using like 800 sq ft of the entire 3000 sq ft house. Just want to paint and adjust a few things like light fixtures, the walls are like a biege that I don't particularly like, go white with those and maybe darken up the floors a bit, they're like a maple wood colour right now. Minor things.

Congrats! I lived in calgary for 3 years, I wrote pros/cons about it here. ultimately I returned to YVR. FYI you can get a refund on the PST (maybe luxury tax?) on your supra once you move and register it in Alberta.

carsncars 03-16-2024 06:39 PM

Quote:

Originally Posted by Hondaracer (Post 9129422)
Honestly, as much as it pains me to say, Toronto shits on Vancouver for dining and bars. It actually pissed me off how much cooler their area felt compared to East Van, which I feel like are direct comparables. So many awesome little hole in the wall bars and restaurants which simply cannot exist in Vancouver due to the greed of landlords and all the other BS.

Honestly what I miss about Toronto the most, huge diversity of eating options (and I mean different places to choose from in terms of cuisine, cost, etc. and not 1000x sushi places that are Sushi Garden clones).

GS8 03-16-2024 08:33 PM

Quote:

Originally Posted by Badhobz (Post 9129388)
I’m going to sincerely miss you two. You fuckers better still come on RS. And I’ll need both your addresses for eruhhh “tax purposes”.

I got news of my own too !!!

I farted. ThatÂ’s all.

Now IÂ’m sadÂ…. Dukes, rat, 69stylez, gs8, all you hongers who went back to hong hong land. NO ONE ELSE leave okay ?!?!!!! Buncha fuckers. If this keeps going our next RS meat will be in the middle of the country.

Quote:

Originally Posted by mikemhg (Post 9129400)
People really are putting money where their mouths are, and leaving Vancouver.

I'm impressed.

I'm not moving right right away. I'm still making pretty good bank in Vancouver but not enough to buy in Vancouver KEKW

I actually started considering an OOP purchase a year ago but started on reddit threads, researching what compels people to make such big moves. Largely it was access to property purchasing, space to raise a family and / or lower costs of livings. Some people took lower paying jobs because the lower living costs offset that.

It reminds me of the Simpsons episode where Homer pays off his debts, quits his job at the Nuclear Plant and goes to work his dream job at the bowling alley.

After spending so much time in Alberta, speaking to people, I discovered that many people there are just like us here in BC. It's usually the stereotypes that end up in the spotlight, because attention.

just like we BC'ers are stereotyped as smoking weed, salmon and dick every chance we get.

But it's so much fun talking to them to hear their perspective on things like what they think of us here and if they'd consider moving here. Most people I spoke to wouldn't move here. Mayyyybe the island but they'd fly right over YVR unless it was for a 2-3 day trip.

I'm not leaving till we do an XLB meet!

donk. 03-16-2024 08:55 PM

Quote:

Originally Posted by mikemhg (Post 9129400)
People really are putting money where their mouths are, and leaving Vancouver.

I'm impressed.

Dont worry, hondaracer will live here forever and be complaining in 20 years as well

68style 03-16-2024 11:08 PM

Quote:

Originally Posted by noclue (Post 9129435)
Congrats! I lived in calgary for 3 years, I wrote pros/cons about it here. ultimately I returned to YVR. FYI you can get a refund on the PST (maybe luxury tax?) on your supra once you move and register it in Alberta.

This is news to me! Tell me more... PM if you want to!!

westopher 03-17-2024 06:32 AM

Quote:

Originally Posted by Hondaracer (Post 9129422)
Just spent 10 days a few weeks ago in Toronto visiting friends, both of which live in the Beaches between Queen Street and the Danforth

Honestly, as much as it pains me to say, Toronto shits on Vancouver for dining and bars. It actually pissed me off how much cooler their area felt compared to East Van, which I feel like are direct comparables. So many awesome little hole in the wall bars and restaurants which simply cannot exist in Vancouver due to the greed of landlords and all the other BS.

It’s kind of the story of Canada though, we never live up to our full potential because of all the other BS.

With that said they both own “semi detached” homes which are 2+ mill now, which we would consider a duplex, so housing isn’t exactly a relief there

It makes sense though. Vancouver and Toronto is like san Fran and New York comparisons.
One has value in its outdoor lifestyle and one has its value in its indoor lifestyle. Colder shittier landscapes always have a better arts, food, bar scene than somewhere of comparison that has the warmer, nicer outdoor activities year round.
Food here will never reach places like Toronto and Montreal because people's lifestyles here focus on different activities.

supafamous 03-17-2024 07:29 AM

I think it was about 15-18 months ago when interest rates hit its peak that we talked about how folks were doing financially - I recall some folks were just hanging in there, others were waiting on relief etc. How are things now? Interest rates haven't gone down, some job markets are pretty terrible etc. Has your situation gotten better or worse in the past year or so?

EvoFire 03-17-2024 07:50 AM

It hasn't changed. We are still hanging on for dear life.

We locked it in 2 hikes ago so we will be hanging on for the next 2 years. When we need to renew is probably when the interest rates have measurably dropped, probably, maybe, hopefully. I don't hope for the 1.1% we had before, but something like 3.5% would be nice compared to the 5.07 we are paying.

sonick 03-17-2024 09:26 AM

We did a lump sum awhile back (we kept cash from the sale of our condo with the intent of using it as buffer if interest rates went up) and it's gotten payments down to something more manageable month to month.

carsncars 03-17-2024 09:35 AM

Lucked out and have a 5-year fixed from Jan 2021. Grateful that income has gone up enough that renewing at 4-5% will be fine, but apparently we also have our eye on moving into a newer/bigger/better located place by 2025 too...

snowball 03-17-2024 10:51 AM

Quote:

Originally Posted by EvoFire (Post 9129466)
It hasn't changed. We are still hanging on for dear life.

We locked it in 2 hikes ago so we will be hanging on for the next 2 years. When we need to renew is probably when the interest rates have measurably dropped, probably, maybe, hopefully. I don't hope for the 1.1% we had before, but something like 3.5% would be nice compared to the 5.07 we are paying.

I agree, I am just looking for 3.5-4% not anything crazy like 2 or even 3%, better than the 7% I'm paying now.


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