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I think the $1.7 duplex and $1.1 town houses in the city is still moving decently quickly. The young folk with family money who doesn't want to lift a finger seems to have no issue with dropping $1.7 + gst to buy these instead of detached.

way back there were some recommendations for movers

something Japanese something or other were good but expensive?

recommendations again would be appreciated

EDIT: Tokyo Ninja Movers

well 1.1 M townhouse is a great deal.

goal is to find one that's side by side garage, decent 2 level with min. walking up the stairs... then again.. it's always location...

At $1.1 you're not getting a side by side garage unless you're going further out than Surrey, or it's like 50 years old in Coquitlam, even then it maybe just a car port

Quote:

Originally Posted by Badhobz (Post 9155998)

yeah but if you didnt have a expensive place in the city, you wouldnt need to work and therefore no need to commute.

https://gifdb.com/images/thumbnail/d...ioiyvae7o6.gif

Can confirm none of us work!

Quote:

Originally Posted by blkgsr (Post 9156671)

way back there were some recommendations for movers

something Japanese something or other were good but expensive?

recommendations again would be appreciated

EDIT: Tokyo Ninja Movers

https://www.yelp.ca/biz/crown-mounta...orth-vancouver
https://metrovanmovers.com

Had solid results with both. Nothing earth shattering. Pricing was reasonable and nothing broke.

Quote:

Originally Posted by JDMDreams (Post 9156703)

At $1.1 you're not getting a side by side garage unless you're going further out than Surrey, or it's like 50 years old in Coquitlam, even then it maybe just a car port

Quote:

Originally Posted by 6793026 (Post 9156692)

well 1.1 M townhouse is a great deal.

goal is to find one that's side by side garage, decent 2 level with min. walking up the stairs... then again.. it's always location...

i know 2 people that have moved into a really nice townhouse complex in poco w big double garages for well under a million. They're around 30 year old builds.

location - kind of meh to get in and out of, but lots of greenspace around it. certainly preferable to surrey (for me anyway).

this isn't exactly the complex, but it's the area. This one is only a single garage.

https://www.realtor.ca/real-estate/2...view=imagelist

Problem with 30 years old is a lot of the construction is now coming to the end of its life in terms of windows, plumbing potentially, low voltage stuff etc.

counterpoint - that stuff may have just been done.

30 years is certainly the midlife.

our building is 27 years old - just finished the roof this summer. Pipes and boilers are next year. By our 30th year the building will be in very good shape for perspective new owners.

That unfenced back yard bothers me, so you have 10 kids or hobos running up to you when you try to bbq, and your dog will run away

Quote:

Originally Posted by Hondaracer (Post 9156737)

Problem with 30 years old is a lot of the construction is now coming to the end of its life in terms of windows, plumbing potentially, low voltage stuff etc.

i get this a lot from mostly a lot of newly weds.. UGH. why can't we live in Richmond like _____ with the nice marble entrances at the conceige like River Green....

a) have you seen the prices
b) you earn 80k you dufus...
c) we just paid 50k on wedding and 10k on your rings..

lives in surrey now.

earning $80K and living in surrey, that's a W in my opinion

they should be in Chilliwack at current prices lol

^ it's not even newly Weds, just young people in general. Where's the 24h coffee and avocado toast dispenser. Yea you barely putting in $8000 a year in your fhsa will buy you a place. :lawl:

Quote:

Originally Posted by 6793026 (Post 9156814)

Lawl. That’s hilarious. Kids these days…

They should be happy to even rent at 2500 bucks a month for a 1 bedroom that isn’t next to 10 buddy guys crowded in the same sized suite next door.

https://www.reddit.com/r/vancouver/c...are&utm_term=3

Quote:

In Summary (some comments copied over from last months report):

Inventory continues to pile up both in detached and condo markets, we are starting to see 2 and 3 year mortgage expirations kick inventory higher from the low interest frenzy

As months of inventory continue to pile up, be on the lookout for deals and consider coming in with lowball offers and keep your contingencies in place! This is not the frenzy market from the past couple years - avoid the FOMO especially as we face strong recessionary headwinds. With new tax rulings on secondary properties and short term rental ban, you will likely see lots of 1 beds and places requiring renovations (especially with current material costs!) sit on the market - good chance for a significant deal here! For new construction and places requiring renovations, we’ve seen articles come out over the past couple weeks with developers stating unprecedented issues with starting construction and securing financing. I’ve been a home owner for many years on the west side of Vancouver, an engineer for 25, a realtor in my twilight and now retired, but the last year of real estate activity has interested me with the unprecedented price increases followed by rate hikes.

[NEW]: DOM continues to increase. Seems to suggest we're really at a price standoff. One side has to eventually give, if I was to bet it will slowly be the sellers.

[NEW]: A key note here is $/sqft appears to be very slowly declining in Vancouver market. This has been rare to see, and may suggest some cracks in valuations are starting to show. Or it very well could be the seasonal lull.. and come spring time we'll pick right back up.

The presale and assignment sale market is in extreme trouble right now, especially from presales purchased in 2021/2022. I visited 3 new developments with multiple assignment sale listings over the weekend in the core Vancouver area. All owners are looking to take 15-20% losses on the properties from when they bought presale. Keep an eye out for some good deals on condo/townhouse new builds here as investor panic and market reality continues to set in.

New development stats comment: https://www.reddit.com/r/vancouver/c...t=share_button

[NEW]: November was an interesting month. Inventory is still near record highs, but the sales pickup in October seemed to carry over into November. We're at the beginning of a buyers market that seems to teeter back and forth to balanced. The seasonal lull is usually a great time to find a deal - keep an eye out in a less competitive market. BOC has an interesting call to make in December to try to keep housing market a float or fight inflation - we'll see how that goes! My bet is on a 0.25% cut as the economy is strongly hinting at recession (though we are arguably in one already if GDP wasn't being propped up by immigration numbers). We very well could be back into mid to low 3% interest rate territory by mid next year - which may keep the housing market alive, but likely not hyper growth anymore.

[NEW]: LOCATIONS TO FIND A DEAL RIGHT NOW: Filter on areas with months of inventory greater than 6 and find listings that you like. Preview of Vancouver detached and condos for months of inventory >6:

Some pretty good insights IMO

This SFH was assessed at 2.1m but sold at 1.75m.

Looks like a court ordered sale, but I wonder how bad it was inside if they only showed pictures of the outside...which don't look all that great.

https://www.zealty.ca/mls-R2867984/1...-Vancouver-BC/

https://cdnparap130.paragonrels.com/...f54e61a161.JPG

Isn't court order sales hard cuz you can't really mtg and you have to pay cash after winning the bid?

A stucco house like that is tough because you never really know what’s going on behind it.. for 1.7 though might be worth the chance. The structure itself looks OK

The question I'd ask is -- is $300k enough for the renovation to cover all the remedial work that is required?

The exterior should be the least of your concerns -- a good power wash can probably restore 80% of the look, and a new paint job will get you the rest of the way. But how the inside looks is the real question.

That house is going down to the studs and new windows lol

Court order sales are a pain, cash only no subjects. Takes a long time to close, Have to evict the tenants and they can absolutely destroy the place and you have no recourse.

Who is responsible for those hedges? That shit would annoy the crap out of me, they're totally encroaching onto the property and they're tall AF, you need scaffolding to even trim them back.

I think it depends on the property line, but it looks way over your side so you can set your portion on fire if you'd like cuz it's in your property

It’s on the neighbours to have an amicable conversation and deal with it.

My parents had a massive holly tree in their front yard that was growing into this old Norwegian fucks driveway but didn’t interfere wit anything. One day we got home and they had hacked it flat against his property line. It’s like ok now your side looks terrible because you were a dick head and just cut it back, enjoy