Originally Posted by CivicBlues (Post 8797865)

dafuq are you eating Big Macs in Switzerland anyways? :lol

Anyways, back on topic...sorta - Are China FOBs really basing their RE purchases on proximity to Hot Pot supplies?

Let's solve this motherfucking housing crisis then and build T&Ts out in Hope or some other bunghole. :lol

Originally Posted by Great68 (Post 8797881)

Man, why does the T&T in Crystal Mall smell so bad?

I had to stay in the Metrotown hilton for a course, and the smell from that place would waft up to the Conference rooms and make me gag.

Originally Posted by SumAznGuy (Post 8798017)

Crystal Mall doesnt have a T&T, Metrotown does and it is no where near the Hilton.
You are probably smelling the kitchen from the restaurants downstairs.


As for Meme, never heard of Big Macs being used that way but I have heard of Starbucks being used as a measuring stick. Good to know Big Macs work too.

Originally Posted by Tapioca (Post 8797912)

Port Moody has already seen quite a bit of price increases over the last year. Prices for condos are now very close to what you would pay at Brentwood.

While there are a few newer low-rise buildings along St. John's, most of the dense residential is by Ioco in the Suterbrook and Klahanie developments. Suterbrook was built by Onni, while Khahanie was a Polygon development. Suterbrook has more of an urban, Yaletown feel while Klahanie is less dense. 2-bedroom condos are now in the 550k range, but they are typically 1000 square feet or more. There are rowhomes in Klahanie that are now in the 700K range.

Newport Village is an older development that has a number of low rises and high rises. The prices are similar what you would pay in Suterbrook or Klahanie. Some buildings were built by Bosa.

If you're looking at townhouses, there are several east of Ioco in the Coronation Park area. That neighbourhood is set for rezoning, so buying a unit there may not be too bad from an investment perspective.

The old heritage homes south of St. John's are going to be all re-zoned for multi-family over the next decade. Some of them have been moved for new rowhomes. These rowhomes arent cheap - they're in the 750K range.

Port Moody city council has taken a much more cautious approach to rezoning around the Skytrain, but my sense is that once the line gets going, rezonings will only accelerate. Murray St, which is right by Rocky Point is designated as an industrial zone, but the city has asked for a change in designation to multi purpose which would allow restaurants, retail, and possible residential in he future.

If you're asking yourself why you would want to live in Port Moody when Coquitlam is 5-10% cheaper, here are some reasons:
- closer to Vancouver
- it's more affluent
- higher gentrification in the form of breweries, bakeries, and restaurants

My view is that New West and Port Moody are the cities where yuppies will go to if they outgrow Vancouver or want to upsize. For this reason, I am quite bullish on these 2 cities.

Originally Posted by Hondaracer (Post 8798025)

dunno if you or anyone else knows this that lives in the area, but what is Barnett HWY like in rush hour?

i hadnt driven the route from poco to Vancouver in ages, i didnt even remember that Barnett turned into hastings. Seems like a good stretch though and probably a definitely quicker route than the hwy?

Originally Posted by Harvey Specter (Post 8798048)

On a side not about RE, I'm still shocked to see some realtors and even mortgage brokers I know spending money like ain't no thing.

Originally Posted by Tapioca (Post 8798161)

But, all realtors pretty much lease European luxury cars.

Originally Posted by dat_steve (Post 8798159)

a majority of the agents/brokers i know are like that regardless if they're doing well or not. i think it has more to do with the demographic of people who are RE agents and mortgage brokers. not a shot at the jobs or the work itself, just a realistic observation.

ie. RE agent sells her first house for a pretty decent commish, then it's vegas vegas mykonos coachelly wanderlust for a extended period of time, without thought of how sustainable her income stream is. hey, maybe she'll be the next land assembly queen but probably not.

Originally Posted by lowside67 (Post 8798199)

You guys must all be travelling a different Barnet Highway than I take... I live in Klahanie in Port Moody and work DT at Burrard and Dunsmuir.

For me, the Barnet highway is great if I leave before 6:45am or after 8:00am, but between those times, if you don't have a passenger to use the HOV lane, it's pretty terrible and is often stop and go for a good portion of the drive.

However, on the balance of things, I find Port Moody to be quite convenient as far as living in the suburbs goes - outside of peak hours, Barnet and Hastings are quite fast, and it's got good access to head East as well over Pitt River Bridge, etc.

I very much like living in the area; the only area that we would prefer to live is lower Lonsdale from a commute (Seabus vs WCE) perspective, but the price premium to live there absolutely does not make it worthwhile in our opinion.

TL;dr:

Port Moody is great value and a pretty nice spot to live, but I hate the Barnet in rush hour.

Mark

Originally Posted by Adorkami (Post 8798343)

Does it seem like condo prices in Vancouver are going to go down anytime soon? A unit in my building sold for asking in less than a week(735k for 800sqf), a month ago a unit sold for just under 730k in slightly over a week.

Originally Posted by Adorkami (Post 8798343)

Does it seem like condo prices in Vancouver are going to go down anytime soon? A unit in my building sold for asking in less than a week(735k for 800sqf), a month ago a unit sold for just under 730k in slightly over a week.

Originally Posted by frozen (Post 8798441)

No one is gonna give a shit about some 30 year old high rise when the new ones are getting built here and there. Particularly the Asian buyers will avoid those like a plague.