The way I see it is with the Liberal win, we'd continue our trajectory of expenses. The real inflation rate will be crazy and the general idea is that 2M would be the norm for some of Vancouver townhouses/duplexes while SFH would be north of 3M on average. They may come down a bit, I'd say maybe 10-15% correction, but then it's up from there.

Of course it might sound crazy, but I think if you add say $25-30 minimum wage, relaxed lending policies, the figured I mentioned above is not out of touch.

Honda should start a channel on YT just going around ripping apart new builds in the lower mainland. I’d totally like and subscribe to that!

not even as an inspector but just snooping around other peoples property. 10/10 i would subscribe to his patreon

I also really dislike this style of house - it looks really ugly in my opinion.

Just like this one in my MIL's neighbourhood:

https://i.ibb.co/zh3BXpJL/house.jpg

That concrete wall in the middle actually sticks out farther than the front of the upper storey! And the right side (looking from the front) is completely windowless and featureless.

I'd be so tempted to perch a gargoyle or a garden gnome on the little bit of concrete that sticks out

Here's an example of AI "staging" that is just... straight up a different room, with different windows/layout. They didn't even bother to label it "AI staged" here...

3813 W 15th Ave

https://i.imgur.com/ZhFMf4M.jpeg

https://i.imgur.com/rnLDC4Y.jpeg

I don't get the triangle roofs, I thought it was more of a duplex thing so they can squeeze a balcony in it.

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

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

In case you guys wanted to see the ads for this Notre Dame'n level of exquisite design and neo-industrial level of mastercraft finishing.

or a giant cross

I'm surprised they didn't include the CCTV screens in the kitchen area.

Some are already at a loss if they paid $1.75-2M before taxes and closing costs.

Long term will highly depend on population and supply.

Well, house is listed... let's see what the market is like

If it isn't great, at least you'll get a good deal on whatever you're buying!

The little pocket of the market we’re looking in is actually pretty competitive right now (basically the lowest non-teardown homes in Kerrisdale/Marpole). But we’ll see, hopefully the inventory in that area picks up a bit.

Quite a lot of inventory on the market but a lot of sellers unwilling to drop prices or very poor condition homes.

Lowest non-teardown is the hottest in every area haha, gonna be competitive to buy, we're all fighting for the remaining 40-120K SFH or so in metro van.

Near the beginning of Covid we looked at this place, has a 2 BR basement suite and a laneway, sold for 1.8 around then and I thought that was crazy

Looks like almost nothing wS done except landscaping since and now for sale at 2.6, crazy

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

Not that cheap

Aug 18, 2020
Sale Closed
$2,150,000
Mar 12, 2012
Sale Closed
$1,205,000
Sep 2, 1999
Sale Closed
$272,364

It was a pretty expensive house $1.2 back in 2012

Ah was listed at 1.8 then max pretty good to go 300k over back then

nvm

Skewed perceptions based on imperfect memory. $350k is nothing to sneeze at.

That was also time going into Covid where big overpayments were common

But I still remember distinctly thinking 1.8 seemed high. Albeit I think they figured you generated $5000+ a month in rental income

https://www.rew.ca/properties/7423-t...e-vancouver-bc

IMO this is a steal. I'm guessing the realtor is trying to get a bidding war?

1. Leasehold
2. 46 years old

Champlain Heights was never super expensive in that area. The rest of Killarney and Fraserview soared, but that little enclave of townhouses always stayed cheaper.

Ah. I’d didint see the leasehold part.

The age of the house is not an issue imo if the structure is sound. The floor plan is much easier to deal with for a remodel