I don’t even want to know what sort of half assed garbage is in a 650k spec home. That shit will fall apart in 2 years as soon as the new home owners warranty runs out (the non structural stuff is only covered for two years I believe)

Well, subjects removed - we have a firm contract of sale.

~60 days on the market. East side (about as east as you can get).

Lower end detached market definitely being impacted by people who want to upgrade from condos but can't. I think if the condo market wasn't so slow or if I was patient enough I probably could have got another $30-50K, but at the end of the day I'm happy with the price.

Selling a house is damn stressful. Keeping everything showing ready. Valuables tucked away. Closets no more than 1/3 full. Can't cook curry or fish. Can't eat durian. If our new house mortgage was dependent on sale of the old house I can't imagine the stress I'd be under.

Where you moving to? How come you sold? I thought the low end detached market was hot cuz flippers, upgraders and duplexers. Duplex is already $1.6 so cheap detached is good value

yeah, i really don't know why people are selling right now.. hope you're moving to a bigger place!

Someone here sold because it didn't make financial sense anymore to keep their investment property as the rental income sucked and he wanted the money to renovate their own house.

People's mortgage renewals are coming up and for those who were fixed at 2% and didn't plan ahead, thinking everything will be alright are now fucked as they can't afford the new payments.

I’m starting my west side build hopefully by October, and I’m budgeting around $650 per square foot for a 4,000 sq ft home. My brother in law is a builder and will be managing the project, so I'll be able to reduce GC fees and overhead.

Anyone come upon a decent, something a bit different, undervalued 2 bedroom condo in Metro Vancouver lately with the suppressed market? No BS pools and over the top amenities = high maintenance fee. Looking for simple, elegant, nice neighbourhood. Seems like a good time for 'value' during what they call 'market correction'. You know, away from the Metro Town, Brentwood, Lougheed cut out template ones?

*asking for a friend who lives in TO and wants to move back to YVR, whose RS name is really geared to BC.

Baller! Pay his costs in cash to save even more. :)

Wish you the best of luck with the build.

It's comical to me that we have a "low end" detached market at $1.8M.

Congrats on your sale, my friend! A realtor I watch said it the best for these times, it's amazing how much activity there is, but nothing is getting bought or sold. He's running around showing and promoting, but no one is buying and sellers aren't selling.

I suspect the only people selling right now are the ones who need to.

Sold detached near Joyce to upgrade to a detached in Marpole.

Few reasons:
- Current neighborhood is a lot of over-tenanted rental properties which aren't being well maintained, so we're seeing the neighborhood deteriorate around us
- Kids hopefully in the picture in the next couple years, would rather make the move now than later
- Proximity to work is better for both me and my partner (VGH, Richmond respectively)

On the first point I literally had to buy extra garbage labels for the house next to me so that their garbage wouldn't be overflowing while showing my house.... they have 5 tenants each upstairs/downstairs and generate the corresponding amount of trash, with a single bin.

We're going from a ~$1.6M Joyce house to a ~$2.5M in Marpole. If we waited later to make the upgrade, I think even if the Joyce home were to sell for more, the absolute cost to make the jump would be higher as the higher segments of the detached market could easily also go higher. In any case our aim is for this to be our 20-30 year home.

We had the option to hang on to the Joyce home but I don't have interest in being a landlord on a detached property.

We didn't see much interest from flippers. There isn't much investment property interest, which may be unique to my home as there aren't enough bedrooms, though I hear lower rents and slowing immigration is also slowing things. Builders are definitely around - we got a couple lowball bids - but they are definitely looking for a deal. Lots of interest from condo upgraders, but most of them are stuck with a slow condo market.

Sounds like what I'd expect. With the caveat that I'm surprised you can find a place for 2.5M in Marpole. I'd expect 3+ anything west of Main.

How close to Van do you need to be? I think best deal for condo will be Joyce, slightly older but middle of literally everything, bigger established units, cheaper? And has sky train, new West is also good, can you live in Surrey? I'm sure there's deals to low-ball there but you better start head titling.

Ricemond and be close to bad hobz? But I don't think they will be that cheap.

^ somebody just said that Joyce Station area is getting more and more ghetto. so prob not.

Maybe keep an eye out for a mid town, Main Street area, low rise 6 floors or something? I drive down Fraser, Main (Little Mountain) and they are going up. Definitely away from teh concrete jungle of 50+ floors condo clusters.

I've been at Joyce for the last 5 years.

Skytrain is not ghetto anymore. There's huge crowds/line-ups at the bus-stops which makes it more safe. Seems like a lot of young families are here when I do my daily walks.

It's the best value for people who can't afford to be in mount pleasant but want to be central to richmond/coquitlam/metro. You can't really complain when 820-900sqft+ 2beds are around $630-750K.

I don't choose Joyce, Joyce chose me (cause I'm too poor)

I get off at Joyce sometimes instead of Patterson to get more steps in and it seems just fine to me. I just wish the Boundary end had some more retail (which is coming).

All public transit is ghetto, that's the price you pay for convenience, easy resell, easy rental

I'm anticipating those native rental condos at the base of Burrard. I would love to know how much they will be renting for.

Joyce condos tends to be on the older side and prob not too many recent builds, like all earlier than 2015 = no ac. Hard nowadays not to have central AC. I suppose you can always add one.

i used to live right at joyce station, literally just on the corner across from super great pizza.

it never really felt unsafe there at all, but it's not uncommon to hear crazies yelling outside sometimes late at night... thats what happens when there is a skytrain.

other than that it was pretty good. some of the slightly unsavoury folk hang out at the bar next to the pizza place, which is now a bbt place that still serves liquor to maintain that old clientelle.

I think it makes sense to buy more land in Vancouver if you can afford it. Since they will only keep making things higher density so land value will never go down as less and less detached exists. Also everything is kinda just a %. So 10% increase on $1.6 vs $2.5 is a huge difference. And you won't be able to make that up when prices recover. I'm sure it's bottomed out already. Things can't drop cuz replacement cost only goes up.

welcome to the hood brah

http://encrypted-tbn0.gstatic.com/im...JNfac&usqp=CAU

actually if anything 29th ave station is more shady due to the lack of light, especially if you're walking out the back entrance towards the vanness side which is basically a super dark/sketch alley until you hit earles.

Lower Lonsdale would be my suggestion, close to Seabus and/or the R2.

N Van traffic is retarded, random huge lines crossing iron worker at like noon or 7 pm heading west. Rush hour traffic is obviously shit all day everyday.

My best advice is don’t take any of his advice^
Townhouses suck duplex’s suck roads suck transit sucks condos suck detached houses suck music sucks food sucks cars suck sun sucks rain sucks etc.
Live in North van if you work DT normal hours, or work in North van. It’s easy to transit or drive DT if you are going with normal traffic because of counterflow measures on lions gate.