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-   -   Vancouver's Real Estate Market (https://www.revscene.net/forums/674709-vancouvers-real-estate-market.html)

Hondaracer 09-21-2016 06:32 PM

How much for rent

Also where does one look for/post rentals? Is there anything better than Craigslist?

kr4l 09-21-2016 06:37 PM

^craigslist is honestly best for almost everything nowadays. But with so much exposure, you will get a shit tonne of bad apples (if you're posting a place to rent out)

Armind 09-21-2016 07:22 PM

Party at hud 91gt's thug mansion

1. Armind

SumAznGuy 09-21-2016 07:23 PM

Quote:

Originally Posted by yameen (Post 8789905)
sorry i was just throwing a random number out there. i'm pretty sure it's about 600-700k but i'm trying to get a small 2br condo for about 500-600k. is it still a good time to get into the condo market?

The answer hasn't really changed much since you asked pretty much the same question back in April.

No one here can give you the right answer.
You're best bet is to actually shop around and see what you can get.
For one, hard to find a livable house with land in Surrey for $500K.
2 bedroom condo's are ranging in price depending on how old the building is.
Get yourself a realtor or start looking on MLS and see what is available and quit posting random numbers.

This is what $500Kish will get you in Surrey.
https://www.realtor.ca/Residential/S...olumbia-V3T4N9
https://www.realtor.ca/Residential/S...olumbia-V3V3L7
https://www.realtor.ca/Residential/S...olumbia-V3V3X7
Just to list off the 3 cheapest livable houses with land in Surrey.

This is the cheapest 2 bedroom apartment in the Brentwood area.
https://www.realtor.ca/Residential/S...olumbia-V5B4S5
This is the most expensive 2 bedroom apartment currently listed on MLS in the Brentwood area.
https://www.realtor.ca/Residential/S...olumbia-V0V0V0

hud 91gt 09-21-2016 08:09 PM

It's an 80's rap video for sure. It's dated but so amazing. Ha. There are a few in the $4000 range. Rediculous when you look and see what you get downtown for 4g's.

MrPhreak 09-21-2016 08:27 PM

Quote:

Originally Posted by Hondaracer (Post 8789944)
How much for rent

Also where does one look for/post rentals? Is there anything better than Craigslist?

Padmapper.com is pretty good

It pulls from multiple sources (Kijiji/Craigslist/Airbnb.... etct). I believe that they have some verification systems in place for landlords to try and weed out the scammers

jing 09-21-2016 08:51 PM

Quote:

Originally Posted by westopher (Post 8789925)
You are only a month past what was absolutely definitively the worst time history has ever seen to get into the condo market.
Is it going to get better or worse? Let me get my crystal ball........

I closed the on my condo in early August, on the day the new tax kicked in. Since then, a similar unit in the same building has sold for 20k more, and though sqft is the same and it's one floor higher also facing the same direction, I'd argue that the layout is worse than my unit. Just some food for thought.

westopher 09-21-2016 08:55 PM

Perhaps its just pushed people into a lower section of the market, in which case, Vancouver completely fucked, as it will literally have had the exact opposite effect of making vancouver more affordable.
Making giant homes more affordable for canadian millionaires while completely fucking the entry level market. We will need a reasonable amount of time before any meaningful data is available, but holy shit if thats the case we are in for a MUCH larger problem.

chinook79 09-21-2016 09:39 PM

You do realize that there's more reason to not building bridge to connect Vancouver island than locals bitching about it?
The seafloor between island and lower mainland isn't suitable for building bridge on top of it and neither is building such a long suspension bridge over earthquake zone.


Quote:

Originally Posted by meme405 (Post 8789862)
Yeah the fucking islanders have been very vocal about that. Personally I think the rest of the province should stop subsidizing the ferries for them if they really feel this way. Then maybe they would shut the fuck up and we could just build a bridge. Fuck them.

Like the fucking idiots who live on Hornby and Denman island:

"No you can't build a bridge, that will kill the quaintness of our community"

And then in the same breath: "No the ferry has to run a dozen times a day, regardless of how empty it is, so that I can get back to real life quickly whenever the need arises".

And thus BC ferries hemorrhages money like they are Greek or some shit.


meme405 09-22-2016 08:29 AM

Quote:

Originally Posted by chinook79 (Post 8789991)
You do realize that there's more reason to not building bridge to connect Vancouver island than locals bitching about it?
The seafloor between island and lower mainland isn't suitable for building bridge on top of it and neither is building such a long suspension bridge over earthquake zone.

Three years ago I was involved in 1 independent study and 1 review panel related to this bridge, and another study related to other options for the crossing. All I can say is that:

1. What your saying is true, there are a few hurdles related to geography and geology, but it does not make the bridge impossible to build. It just makes it more cost prohibitive.

2. The government is always evaluating options, even when it isn't publicly.

The bridge if it ever goes forward would have a significant toll. Meaning Crossing fees would not be cheaper than what a ferry is now, however the ability to cross in minutes rather than hours is the main draw.

MarkyMark 09-22-2016 09:21 AM

How long would it take to drive vs the time it takes the ferry to do it? Not counting the loading times and whatnot, just curious.

Liquid_o2 09-22-2016 09:31 AM

I don't know where the exact bridge would be, but Horseshoe Bay to Nanaimo is about 50km. So depending on the speed you could drive, probably about 30 to 40 minute drive to the island.

Tapioca 09-22-2016 09:33 AM

Poloz is saying that the BoC will not raise its rate given the sluggish economy.

Yellen is not raising the Fed rate, but is concerned that bubbles are forming in certain assets. The Fed may raise its rate in December after the election.

Most people take 5-year fixed rate mortgages. So, will there be a run up in buying over the next couple months to secure low rate fixed mortgages? Or will people just take variable mortgages going forward as the spread between the two returns to historic levels?

originalhypa 09-22-2016 09:33 AM

Quote:

Originally Posted by MarkyMark (Post 8790056)
How long would it take to drive vs the time it takes the ferry to do it? Not counting the loading times and whatnot, just curious.

The confederation bridge in PEI is about a 10 minute drive with a span of about 12 km. The closest point from the mainland to the Gulf islands is about 18 km, so it would take about 15 minutes to get to the closest of the islands. Barring any c-lai crashes, of course.

Even if it was a speed limited, traffic laden 45 minute drive, it would still beat the 2.75 hrs it takes on that shitty ferry.

twitchyzero 09-22-2016 09:35 AM

if they ever build one there better be a OMG TURN AROUND sign that can be activated well before the span when there's an accident :heckno::denied: or they refund you a month worth of tolls :derp:

Hondaracer 09-22-2016 10:08 AM

Got approved for a new 5 year fixed at 2.49 yesterday

Better than the rate we currently have that we reupped on 2 years ago

Presto 09-22-2016 10:14 AM

My renewal notice arrived while RBC was having a deal on 3-year fixed @ 2.15%. I was all over that, but the agent screwed up something, and they defaulted me to 5-year variable @ 4%! Hopefully, they fix it soon.

meme405 09-22-2016 10:55 AM

For anyone make sure to visit a couple places and negotiate.

I got an offer for 2.09 2 year fixed at BMO and my bank matched that.

Spoiler!

Tapioca 09-22-2016 11:00 AM

Quote:

Originally Posted by meme405 (Post 8790073)
For anyone make sure to visit a couple places and negotiate.

I got an offer for 2.09 2 year fixed at BMO and my bank matched that.

If you want a no-frills mortgage (ie. No HELOC, no skipped payments, etc), your best is to go through a mortgage broker and use one of the monoline lenders such as MCAP, or EQ Bank.

Also, gotta watch out for collateral vs conventional charge mortgages.

jasonturbo 09-22-2016 01:47 PM

Hahahaha

Mississauga condo developer forgets to put 120 bathrooms in brand new building - Home | This is That with Pat Kelly and Peter Oldring | CBC Radio

IGTBAR 09-22-2016 02:08 PM

.

GLOW 09-22-2016 02:11 PM

:suspicious:
Quote:

This is That is an award winning satirical current affairs show that doesn't just talk about the issues, it fabricates them.

meme405 09-22-2016 03:31 PM

Please tell me you didn't actually read that and believe it...

jasonturbo 09-22-2016 04:22 PM

Quote:

Originally Posted by meme405 (Post 8790126)
Please tell me you didn't actually read that and believe it...

I actually did, because it's hosted by CBC... And because people are stupid and would buy condos without washrooms.

Apparently, I am also stupid.

Shame on you CBC.

westopher 09-22-2016 06:11 PM

Lol Jasonturbo is like the weird, gullible extremely right wing middle aged uncle that shares satire on Facebook and thinks it's real.


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