That was from 2.5 weeks ago. I know as that was a friend's unit lol. No parking.

https://betterdwelling.com/city/vanc...form=hootsuite

As you may or may not know - this guy's the perennial down and depressing guy on VanRE not long ago. I guess some recent corporate advertisers and sponsors turned his angle around.

Ok thanks. I'm looking to cash out on my unit and want to use that as a benchmark.

Your friend actually bought the unit for that price??

Yeah, and if they did, why pay that price for Joyce?
All the one beds in the area are under 500k, including the new wall centre units.

I have no idea why anyone would buy Joyce at that pricing lol...

Add 35k more and you'd be able to buy a 2bdrm 2XXX sqft (i don't remember) penthouse in my building in Surrey with a sick ass view facing west/north/northwest.

:facepalm:

Probably cause he'll need to add 35km to his commute. :troll:

I recognized this home as one that was for sale recently. I believe the one moored behind it is also for sale. I was never seriously interested in a float home but this one was the cheapest one I could find at the time.


Float home sinks into B.C.'s Fraser River
Crews say salvage of the Richmond property could cost $50K
https://i.cbc.ca/1.4169980.149800260...home-sinks.jpg
https://i.cbc.ca/1.4170569.149801446...g-richmond.png

Ever since this happened,
http://www.surreycondos.com/gallery/...c77ae17de9.jpg
I refuse to step anywhere near a Surrey penthouse.

I guess the outbidding continues as a realtor selling a similar unit as mine came to my door saying he sold 3 doors down from me listed at $990,000 sold at $1,090,000 with 12 offers over asking. Shit is crazy. I told him if he can get me 1.3 i might consider. I paid $850 2 years ago.

https://i.ytimg.com/vi/ApJntKTjRA4/hqdefault.jpg

:troll::troll::troll:

I think the rental market drying up and pricing what it is now is also driving many to buy or consider to buy. There's not much 'investing the difference' with rents where they are now.

So really the only advantage of renting now is being able to pick up and leave for better job/career opportunities. But when Joe Schmoe can put a down payment on a presale unit and net $100k+ re-asssigning the contract as it near completion 2 years later, you can practically have your cake and eat it too. Why bother with career mobility at this point, when you can work your day job and score some huge returns literally not doing a thing.

Yes the good times will come to an end, at some point. Til then we just keep yolo'ing along lol

so so true lol. my gf and I made somewhere between 80-90k net profit and it hasn't even lapsed a year yet. That being said we will not be reassigning as we've been priced out.

Never thought a 1 bdrm and den in coquitlam and new west would go for 500k. Even if you wanted to play you'll need 100k at the ready for most presales now.

Speaking of yolo'ing and flipping presales, Twitter says that the Grande in Port Moody is starting at $800/square foot:

https://twitter.com/BurnabyRealtor/s...091394560?s=09

:lol

craziness.. I just got a text from my sister who has a plug with the developer:

2 bed 2 bath, 774 sqft, $725k (VIP) Approx 940/sqft at Joyce. :rukidding:

1 bed plus den , 711 sqft New west, 525k (VIP) :rukidding:

Warren Buffet buys big stake in Home Capital, citing that its a strong business. So much for the doomsday gloomers who saw Home Capital ad a sign of the beginning of the end.

My buddy bought 40,000 $ worth of shares at $8/share. I told him he was a dumbass when he held kept holding it after it hit $10.. he's selling today #fuck #missedout

^^ Ballsy AF

My buddy mentioned to me that Toronto downtown new per/sq condo high is $1200 per/sq

Five years ago they were hovering at $500 per/sq for presale....

looks like i'll have to end up moving to buttfucknowhere if I want to buy a house now

http://dailylolpics.com/wp-content/u...bia-stupid.jpg

I am after looking at housing prices...

Buffett saw a deal on a sound business in a country with a lot of economic upside. He pretty much said he's not bullish on the Canadian housing market.


https://www.bloomberg.com/news/artic...-housing-globe

Bahahaha... of course he's gonna say that, do they really expect Buffett to say "we are only looking this in the short term". BRK is out to make money. At the price that BRK paid for Home Capital, it already made 50%, plus whatever term they have on the 2B loan.

The day BRK announces that it had unloaded all its holdings, Home Capital would come crashing down... and BRK basically made a fortune because it's cash-rich.

The Buffet pump and dump...

Damn I still remember the good old days when I wanted to buy BRK @ $130K CDN. By good old days, I meant 5 years ago. Now its $350k :(