You'll shut your goddamn mouth if you know what's good for you :stfu:

CivicBlues vs bcrdukes for RS hipster title :Popcorn

make me

So the prices went down by 0.2 percent from last month but compare to april last year it was 5.2% higher now.. i mean thats is good and all for buyers but that 0.2 drop needs to get higher. The price drop could be higher for may

Is that overall prices? Detached homes? Townhomes? Condos?

It seems to me like the market is really segmenting, with each different segment doing stuff that is quite different and separate from the others. Can't really apply any sort of blanket statement when there is so much variety involved.

I based my comment from that last link posted.

"Detached houses saw the smallest price gains, with the benchmark price at $1,605,800 – up 5.1 per cent from April 2017 and down 0.2 per cent from March 2018.

The benchmark price for an apartment rose 23.7 per cent from the same time last year to $701,000, while the townhouse benchmark rose 17.7 per cent to $854,200."

Location location location

Gotta love the cheapshots at Vancouver the whinners are saying as they move further away while forgetting the opportunity cost from potential gains.

Let's see who's property will appreciate more and who takes the biggest hit when prices fall.

Don't let the door hit you on your way out.

I moved to north van because its where I want to live. I couldn’t give a fuck about the imaginary money in the bank I gain or lose.

This Vancouver vs Burbs battle is hilarious, because it's an entirely subjective debate.

Please continue, I have my popcorn!

I've lived downtown for 10 years now. For sure, it is an incredibly convenient lifestyle. But I am looking forward to moving back to the North Shore soon where we will be living next to a park, on a quiet street, and I won't be asked every 5 minutes for spare change.

I love the North Shore, and I would totally move there if my job was there or if I had a car that could fly over the Burrard Inlet and the clusterfuck that is their road system there.

I think the ideal way would be for Musk to build one of those Ligjt speed mega trains downtown from my doorstep. I could have my penthouse suite for when I want to have some good eats, watch some theatre (whhhaaatt???) get hammered and not worry about falling a sleep on the train. Then mega train it back to the burbs where I can grab my mountain bike and sweat it all out. Put that on repeat like I’m 20 again.

Where’s your priorities at? I loved Kits for the first six years. I went out all the time, tons of social things to do. Now I’m old, a hermi. Spend most of my time playing sports which will hurt me in the bushes and also collecting tools in my garage. Vancouver was kind of like living downtown Toronto, awesome until you actually have to go somewhere in a car. I want to move back to the island. Lol

I certainly don't think I'm any better or worse than someone who lives in Vancouver, or port moody, or kelowna or Nelson for that matter. I just think its funny that guy thinks that the burbs are just full of poor people who are mad at vancouver because they couldn't afford it.

I knew Canada had reached it's highest income to debt ratio ever, but the highest in the world?
Wow. I sure hope the new housing policies don't cause toooo much of a disruption

Canadians are the most indebted in the world, OECD says, as it warns on rising debt risk | Financial Post

Bums are slowly invading north van; although some of them are hipsters I'm sure.

It's beautiful over here. So true that the road system is shit (everyone needs to get on the highway or Marine to get anywhere) and there's no way can translink afford to buy land for a skytrain over here anymore. Also, it feels like that 50% of drivers are retired oldfolks who have no business being on the road.

Van West detached are coming down hard and fast.

Parents were in the market to buy one just last summer. But the seller refused the offer and ended up taking the house off market. My parents should now thank them. :fuckthatshit:

A house just a block away with similar assessment value for 2017 (3.8 vs. 3.9) just sold for a tad over 3M... a whopping 20% below assessment.

And according to my realtor... 10+% below assessment is common for detached in that area now.

Oh I know. I don't think what UFO said was intended as a slight against Vancouver. Not only do different people have different priorities and interests but those priorities and interests can change over time as well.

Perhaps if UFO said Vancouver doesn't have anything to offer for himself outside of employment anymore than it wouldn't have triggered others so hard.

The old saying "Different strokes for different folks" applies here, there is no "better" or "worse"

LOL reading back what I wrote I can see how it looked like I was totally triggered yesterday. Stressful day I tells ya. :D

is street parking a real problem outside a few pockets of east van? off the top of my head I can think of some areas in north van and Burnaby that lacked parking but probably because they're close to schools and hospitals
but iirc even before high housing costs and laneway housing, most SFH had mtg helpers and I'd probably guess a 4/5 bdrm+ house occupying only one family was in the minority

Not now and never was a problem at my parent's place.

But then the popular narrative there now is that half the homes are owned by offshore Chinese and empty. So which is it? BrokeBack

I thought empty detached are not that common, rather it's a 21yo student who owns the $4M house with 0 income and the condos units that are left empty

didn't realize how easy we have it here
the stress test on a US mtg I did last week was almost at 9%

Hike to mortgage qualifying rate fresh blow to home hunters? buying power | Financial Post

Everyone says market slowed down - but Brentwood SOLO 3 is 90%+ sold out in a week after public opening at $1,100/ft (that's $650K+ one beds and $850K+ 2BR).

Today's the last day of rescissions... lots of clients didn't get units and so far it feels like demand > supply still.