Wait... what?

So stuff like this is illegal in Metro Vancouver? I thought that was the whole point of them?

http://s7d5.scene7.com/is/image/Cana...id=250&hei=250

lol same with our bins...we've yet to be fined yet but i imagine it's gonna happen at some point.
i saw a fucking toaster oven in the green bin once

off-topic but,
where do you get the 200 wax paper for $8?
how's the fitment onto the city-provided green bin?

Despite them being biodegradable, biodegradable and compostable plastic bags do not break down in the processing and degrade the quality of the finished compost, making it difficult to sell. This also depends on the processors though I think, I know the 2 companies COV use can't accept these bags as it won't break down. PErhaps some other companies have a way of fully breaking them down I dunno.

I live in the Tricities and we've been using the BioBag Compostable Bags for over a year now. No issues. The City of Coquitlam uses the EcoSafe brand Compostable Bags in their collection bins.

Looking at the CoV website, seems that the only thing they want you to use is newspaper folded like origami. Of course... thanks Gregor.

Costco for those bags, they fill up about 3/4 of the city provided bins

I just use paper bags i accumulate from places like whole foods or anything that's made out of paper.

same. i actually do the newspaper origami myself and i don't mind it too much. just leave a sheet on the table before i cook and i dump scraps/waste as i go.

i just put compost straight in the bin. it gets a bit gross but thats ok, i wash it every so often.
also i don't let the compost dwell for long. a day or two and i take it out.

YT is now going for over a $1000/ft. DT condo market is heating up after years of mediocre growth.

And on the topic of DT condos, my realtor claimed a lot of condos in DT are not going into multiple offers, had him pull recent sales and almost all had multiple offers on them and going $50k+ over.

.

^
Yup, I reckon it'll go over $800k.

Probably $860-880k.

id expect it to sell to the bidder with the most leather bound books. Is the suite a separate entrance living space?

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The 2bdrm main area is a bit of a deal breaker as you're paying a premium for what you can find in a low/high rise but it looks like the lower suite has it's own separate entrance that could make up the difference in price and then some. Looks like the builder converted the garage into part of the lower suite + storage area so it actually might not have a parking space.

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A unit at that same location sold for 830k last month

I looked at it but didn't like the location. There's a restaurant behind it and you can see the fans and garbage bins so i'd think you'd get a lot of smell in the summer months

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In this market, that looks like it'll close for at least $820k and it's recent.

Woohoo. The Price is Right.
I say 900,000 Bob.

What I want to know is what the mortgages look like for these people putting in crazy over asking prices.

Many don't have mortgages.

Others have equity from other properties in Vancouver.

Let's say you bought a condo in Yaletown in early 2003 or 2004. The going rate for such a unit was probably in the 200K range. With a down payment of 10%, your mortgage would have been 180K. If the going rate is $1000 sq/ft, then a one-bedroom condo is going for about 500-600K. The amount of equity on a 180K mortgage based on an average interest rate of 4% over 12 years would be about 65K.

600K
- 20K in closing costs (realtor fees, standard legal fees, mortgage interest penalty)
- 115 principal remaining in mortgage
= 465K

If you want to buy a townhouse above in East Van for say 850K, then your mortgage is really only about 400K which is totally doable at today's interest rates for a professional couple making 6 figures.

For the heck of it, I took the wife to this open house and you know the saying, you can polish a turd but it is still a turd.

To start off, BC assesements has it down as 1188 sq ft, 2 beds and 1 bath.
So I am guessing it used to be a tandem garage that has been converted to a bedroom plus storage in the front half.
It would lead me to believe the whole downstairs "suite" wasn't done legally.

Strata fees are $200 per month for a strata that is self managed. No property company or building manager. IMO, that is a lot of money for no gym, no staff, no elevators. Only thing is minimal landscaping.

But seeing how there is nothing for sale in the market, I can see this unit going to $830-850K if not more since it has a mortgage helper.