There's BRK.b or the regular chumps like us

Is there any areas of Surrey that are not sketchy and instead nice/safe?

I am totally unfamiliar with the entire area. If somebody can take a screen shot of a map, and then use MS paint to highlight both nice areas, and exceptionally bad areas, and then post it up it would be greatly appreciated!

I would probably say Fraser Height, Fleetwood/Tyne Head

The area around King George skytrain and Surrey central is been clean up a lot due to the new apartments and new shops moving in. My aunt lives I think around 182a or something like that. Seems like a really nice place.

Two new safe consumption sites just opened up in that area too.

you really don't know surrey. that's like close to langley

nope haven't been to Surrey is over a year. Had a few co-workers that live near King George skytrain and Surrey Central and they seem to be happy with the area than a year ago.

http://i64.tinypic.com/29m0nbc.gif

These are very general guidelines but on a personal level I prefer to be south of 72nd Av with the exception of Fleetwood. Panorama Ridge and Sullivan Station are also desirable areas in Surrey proper predominantly due to a more varied mix of ethnic groups and a more affluent demographic living there.

North Surrey, which is to say Whalley, Surrey Central, Bridgeview, Bolivar Heights, et al is still too rough around the edges but with all the new construction going in coupled with continued high prices/rents it may push out the transients over time.

South Surrey/White Rock is not for everyone it's disconnected with an older population if you're looking outside Morgan Creek and the surrounding Elgin area.

^^

Cloverdale got removed from Surrey on this map, kinda feels more like Langley anyway not sure if that's good or bad. I lived in Newton when I first moved here then Fleetwood now Cloverdale I keep migrating east but I think my next move is going to be south Cloverdale to get into the Tweedsmuir catchment for my son.

quick general question: are mortgages in Canada limited to local real estate? or can I use them towards a home in the US?

thanks.

There are lenders who specialize in vacation home financing. However, it's usually quite complicated and not great rate.

Easiest way people are doing is just taking a HELOC and buy their property down south cash and pay the HELOC down.

I would say anywhere but the newton area.

The surrey central area is being cleaned up quite a bit.

This is bullshit.

Agreed. My parents would get destroyed in taxes when they sell their property which is OCP zoned for multi-res. Taxes payable on 2 mil plus..... GG.

I live within >5mins walk to Surrey Central station. It's a lot better than I thought, lots of families walking around. Barely bumped into any junkies.

making 2 millions plus in gain while paying <$300K in taxes is hardly "destroyed"...

I never understand why people who sit in a house, do nothing and made millions in profit is not taxed and while your hard earned income working 50 hours a week is taxed at like 40%.

As a homeowner, I wouldn't want to be taxed. But i didn't think this principal residence tax exemption thing is fair for everyone either.
(i.e. not fair to those people who couldn't afford to own a house, since their saving in investment is still taxed)

People "sitting in a house" also have their incomes heavily taxed.. tax free capital gains is why I chose to invest in RE and not elsewhere. Suddenly adding a tax on LIFETIME gains is absolute BS IMO. 750k on a single property, maybe. But lifetime? Utter crap.

Might as well tax lottery winnings too then!

Fucking stupid to tax principal residence. Basically restrict the supply of housing even further because they can just borrow vs selling. Prob end up leading to even higher prices because there isn't any land to buy.

NDP's going to hand out invoices to pretty much everyone who's sold a property in the last five years? Now that's a guaranteed way to lose an election. :lawl:

you do know as a home owner there is already property tax that goes UP every year when the house assessment goes up right? Oh and then there is the house insurance, regular maintenance fess, and utilities fees. As renter you generally don't have to have worry about those (expect maybe utilities fees if you rent a house but most apartments/basement units covers them anyways). Then of course everyone pays income tax. So you see homeowners do pay MORE TAX vs the average Joe who just pays $1400 a month and don't have to worry about a thing after.

And about your "do nothing part" Home owners did something. They actually paid off their house. Let's talk about interest rates back then. In the early to mid 90's interest rates were 10+% easily, even in the late 90s and early 00s is still around 7 to 8%. Try paying those interest on a 500k+ house. We literally have the lowest interest rate in years.

This is only going to even dry up the market faster. Why sell now when I can hold out till the next election when tax might be lower. So in the short term there are less sellers, driving even higher price. Those that are selling is going to factor in the extra tax they need to pay so the price is going to increase. Doesn't really help the market at all. So congrats on fucking up the market even more.

Dont forget property transfer tax. That's a lot of $ for some paperwork.

The most bullshit tax of all taxes. A tax originally collected for costs associated with transferring the land title that is now nothing more then a cash grab. If I sold my house today and bought another around the same price the Province could hire a staff of 5 people making $30 an hour plus burdens full time for 2 weeks plus to complete the transfer.

The lifetime capital gain tax is a Green policy. Whether or not the NDP choose to adopt it to keep their coalition alive remains to be seen.