These two units are from my old building:

https://www.realtor.ca/Residential/S...olumbia-V3N4S6

https://www.realtor.ca/Residential/S...olumbia-V3N4S6

We sold our unit on the 11th floor for 400 on December 30th Our unit was a wayyyyy nicer unit than these two, we had a 900sq 2 br 1.5 bath corner unit that faced south east, it had a great view of Baker, new west etc.

out unit was also decently "renovated" not a new kitchen but completely re-painted cabinets, a new counter top, tonnes of work i did in terms of chair rail, wainscotting, etc. We were on the market for almost 2 months to get 400

now that 105 unit, ground floor with a view into the parkade is going for 50k more lol..

So what you're saying is you decided to sell

http://i.imgur.com/qWVx0Qi.jpgx

:troll:

You sold around September right? A little after the tax came out and it seemed like everyone was playing the wait and see game for a few months. Pretty crappy timing I suppose.

December, it was on the market since late oct and we ended up selling under asking.

We got a better mortgage rate as a result, but 50k is 50k :/

Winnipeg has some very, very nice and friendly people. At the same time, it is often scorching hot in the summer (close to 30°C) and riddled with mosquitoes, and damn dry cold in the winter. As an interior city, of course it won't flourish or attract newcomers like Vancouver does.

As an equivalent example, why don't you compare DTES or Whalley to Shaughnessy?

Metro Vancouver housing has already become a commodity when those who work here can't afford to live here. Even if we were to go with your definition of what constitute housing as commodity, do you even realize that CoV has a near zero (residential) vacancy rate? It gets easier as you move further out, but even renting is not that easy (or cheap).

This has to be the biggest BS I've heard in a while.

Vancouver housing ranked 3rd most unaffordable by international study - British Columbia - CBC News

The news article is only dated in late January 2017. That means I count 2 other cities that has more expensive housing than Vancouver does. TWO.

Next time you are about to spew your BS, please do a little fact checking first.

the crisis was so bad that people who work here cant afford to live here, places would not be busier than ever and rental rates wouldnt be at 0%.

I've brought this up before but If Vancouver is too expensive for you, perhaps Sacaramento Cali. would suit you better?

only $750,000 for this

2016 Bidwell Way, Sacramento, CA 95818 - realtor.com®

or 600k for this:

1129 4th Ave, Sacramento, CA 95818 - realtor.com®

In a place like California where the suburbia sprawl is literally -endless- you can easily develop forever and ever and continue to build homes, and in shitty Sacramento you're getting the same prices as say, Langley, Surrey, etc.

The impact of foreign investment can be debated, but imo, the concept of "Supply and Demand" has never had a better example than in Vancouver. No where left to develop, no where left to expand, no more land to buy, Outside of climbing up the mountains of north and west van (dont worry those will be affordable homes) there is nothing left to develop but farm land..

Then you've got the anti-gentrification, anti-development granola munchers around commercial drive etc. who oppose building towers on derelict lots. How can homes ever become affordable, available, within reach, if you dont address the supply problem?

Developers are actually doing a pretty big solid that goes relatively unheard of in the media lately, building developments such as Cressey's NEON, at the foot of the granville street bridge, which is a 100% rental building owned and operated by the developer. The most expensive 2 bedroom is $1700 a month i believe and small 1 bedrooms are hovering at or below $1000 a month, pretty decent considering the location.

Vancouver is an ultra desirable place to be with world class facilities, culture, bla bla bla, people are paying the prices because they want to be here.

Even if you're on the side that it isnt a world class city, it's a hell of a lot nicer than a lot of places that are considered them.

Don't know much about Surrey RE but there's still homes in the Bolivar Park area of Surrey for $750ish. Huge lots as well.

That would be Whalley wouldn't it? :heckno:

New West has reached insanity levels that were previously reserved for Vancouver and Burnaby. Was going to go look at a unit yesterday, but it already sold for 70,000 over asking. A decent 2 bedroom in New West is approx 550 to 600k as of now. You can find a few in the 500k price range, but they aren't the greatest.

Oh, I didn't know that area was considered Whalley lol.

Any 2 bedroom condo/townhome in the GVA is red hot atm especially older units which had larger floor plans. It's mostly couples and families who are fueling the prices.

Speaking of Surrey...

Here's a list of all the upcoming changes, more towers coming.

https://urbansurrey.com/surrey-city-...tive-projects/

Didn't know beggars can be choosers as well..

Sad when the difference between beggers and choosers was the year they bought their place, and not the amount of money they make.

How many current homeowners would be Whalley or bust if they bought now instead of 10 years ago.

A duplex right in the fuckin middle of the new developments in Surrey central is going for 5M. $$$$$$

https://www.zolo.ca/port-moody-real-...anie-drive/228

It's tough to find value in the condo market right now, but this seems like a good value and is under priced compared to others. Built in side income in an area where surface parking is scarce and time restricted.

Those parking spots are actually really not worth much - there are pretty much always some for rent at $50/month. That is very expensive for an 818sf unit in the oldest building in the complex, I expect that unit will sell more in the $429k range. I am not counting on our unit breaking $500k (although recent sales suggest it probably will) and we have 975sf on the ground floor with a yard.

Mark

It's only under priced when it sells for that much.

I wasn't born here.
I can afford it.
The difference here is that I care that we have a community being a possibility. A place where teachers can afford to live. A place where kids have a hope of buying a home one day. A place where my employees don't have to live in a mold filled shithole. A place where people don't become so dejected from being underemployed to survive that good people leave.
It takes people from all socioeconomic backgrounds to make a decent place to live, otherwise, who the fuck is going to pour me my 6 dollar americano?
Again, your "I've got mine and I deserve it" attitude shines through.
There's lots of people that deserve it that won't/can't get it because they aren't as lucky as others.
There should be hope of being successful for our young people.

^I called dude out in the provincial election thread because he was going on about how NDP policy fucked him...which means he's 40+, or lying.

All that shit about living frugally in the basement saving up for down-payment being the key, and how entitled pricks who drink 4 lattes a day are just bitching about things, kinda loses its persuasiveness if you're 40+, or a liar. He's yet to respond.

Anyway, to avoid fight club, I'm late 20s making decent $ for Vancouver, and I still think I'll be stretched thin if I buy a place, start a family etc. And I don't drink lattes.

I can only imagine what the 23 year olds who just got out of school with loads of student debt feel like when they can't get a job here because entry $35K positions require 5 years experience, and a 500sq/ft shoebox costs $400K, if you're lucky enough to be selected to even think of buying one.

And to those that say shit like well should've got a degree that counts, or should have gone in to trades -- wtf. As Westopher said, it takes a variety of people from different backgrounds to make a community, especially one as diverse as Vancouver. So, what, Vancouver should only be filled with electricians, plumbers and accountants that all live in some basement with 2 other people until they can save up?

It's not just choices that carve a life for a human being, it's circumstances too. And in the current RE environment, if you have shitty circumstances, then you don't have a lot of fucking choices.

Growing up in Vancouver my whole life, I've watched its heart and soul slowly wither away. If it wasn't for the strong food & drink culture and the people who didn't succumb to this 'work to death, be happy' mentality, I wouldn't recognize this city anymore.

I've pretty much given up on home ownership unless something magical happens. As long as I have some kind of shelter, I won't complain. As long as I have money in the bank, I won't complain. As long as I have some kind of job, I won't complain. I've never expressed greed before hence why I'd only buy a home to live in it. Growing up middle-lower class gave me that perspective and I should be thankful.

My parents' generation had it very well. I don't have it as well. I hope the next generation doesn't have it worse. All my friends with kids worry about what future lies in front of their kids.

Try Beijing, Hong Kong, Tokyo, San Fran, , New York, Seoul. Earning middle class income will never ever net your a an apartment let alone a house. Maybe next time you need a reality check and maybe dig a little deeper.

But hey since all you can do search the internet but haven't really travel around guess you are 100% right. That website you link did they tell you how they measure which city is the most expensive. Is it purely rate by Avg home price VS avg income? Did it take into account the avg spending as well?Did the report only compare price of central city or does it take into with rural area housing price as well?

Do you have personal experience with Vancouver or have you actually looking at/study/experience with other city real estate?

Turing 35 actually and there are tons of people on RS who are around the same age who actually have a house or two already.

Want to get something you want? Work for it. How do all these people make money. Maybe some luck but sure as well they work hard. Can't afford to live in Vancouver then move. Maybe move to Port Coq, Langley. Far away from the Vancouver. Housing is cheap when you move out. See I hate people who complain but does nothing to change their life.

Here is something to read for though
Sean Cooper pays off mortgage in 3 years and earns online hate - Business - CBC News
He is case is rare and extreme. But guess what? He is willing to makes changes to his lifestyle. He is willing to suck it up. He is willing to work 7 days a week to get what he wants.

regarding poor build quality of new condos

^

What building and developer is that. They deserved to be called out.