^this house is in my same neighbourhood and is a few years older than mine but yeah roughly stable prices. Havent really dropped too too much and buyers still want seafair area.

Just looked up the area and saw this. Dang, that's a cool looking house.

https://ssl.cdn-redfin.com/photo/256...R3070987_1.jpg

Detached is not 2015/16 prices, far from it. We are probably just precovid levels right now, before shit went crazy. If you bought peak yeah you'll lose a little bit, mainly just the realtor fees.

$2.7m and $12k/year property taxes in ditchmond.

how i feel after seeing that...i feel like this is directed to me :okay:

http://encrypted-tbn0.gstatic.com/im...Sm7W1o8x6VGg&s

Glow needs a gofundme

I wasn't sure if this was a Magic Eye picture or not.

Am I reading that listing right? Assessed at 3.1, sold for 2.6?

Horribly built by cha lo. Weird design and shit finishing too.

Few houses down from facetroll. That itself is a huge detraction

If you’re in a 3 mill house that’s the going rate for property tax.

https://www.zealty.ca/property/BC/Ri...602#assessment

Same area
2.6 2017
2.6 2025 Dec

Think the cheaper detaches fairs better
https://www.zealty.ca/property/bc/ri...d-mls_r2979037
880k 2015
1.7 2025 nov

I thought you guys had crazy low property tax, like 0.18%. So shouldn't that be more like $5k/yr on a $3M house?

I'm still bitter about this. Property tax is 4x higher in Toronto, and almost 6x higher in the SF Bay Area lol.

What new ish build can you find that isn't built by mo lo cha? :accepted:FeelsBadMan

Just got my property tax bill. Gonna have to declare bankruptcy. :fuckthatshit:

Well don't forget to pay it via Canadian Tire so you get the credit card cashback!!

It’s hard. Like 80% are cha lo. 15% Chinese and 5% “others”

It's going to be a pain to park in the garage. I don't think you are fitting 3 in there.

His and her's garage.

you meant unit #1 and unit #2

look at the glass, they even framed for a fake wall

That piece of shit house has been listed forever. Nobody in the right mind would buy it.

People crying that prices were too high, now they’re crying that it’s going down. People will never be satisfied.

Now is a good time to buy a starter condo IMO. Everyone waiting for the “crash” should get in

There are reports that developers are holding back finished units, not wanting to flood the market and really see prices crash (not good for the overall industry). Does anyone in the real estate know if this is true?

I have a hard time believing that they would hold back as most developers would want any $$$.

I can see the big devs with money to back it holding back, but the small time ones would have to liquidate everything on hand.

It comes back down to how long can they hold, as it becomes the prisoners dilemma. If everyone holds the prices stay more stable, but one moves, then the whole thing comes falling down. If say Concord, Onni, Bosa, Westbank, et la have a verbal agreement, it might hold. It's not a true prisoners dilemma as the various devs can talk to each other.

They cant drop prices on a new build - it’ll breach the financing agreement with the bank the funded the project. They can give incentives such as paying the gst or giving 2 year mortgages at 0%.

Yes, they don't want to drop, it will tank the values of the whole building, resellers and the ones who bought presale will bitch even more. So everyone is fucked, then the bank won't lend as much due to lower value