is that so they can add a mtg helper down under?

Yea essentially a full height legal suite.

In most of these cases though I’ve found that usually the barely have a crawl space when they do this, not like turning a 6’ high suite to a 9’

There are a few beautiful examples I’ve seen where I wish I had taken more pictures

^^ That seems very dangerous.... I would much rather live in a RV.

https://www.thestar.com/news/investi...-anything.html

Can't wait to see this in Vancouver. :rofl:

Even dumb Vancouver investors I have to believe are smarter than the people involved in that story..

You buy into a development backed by somone who has never built a project and has fallen short on every contract they ever undertook? Uhg..

That's a tough lesson. Always buy from a known developer. I have seen pre sale projects from lesser known developer that looks nothing like what they promise. Friends bought into a townhouse complex ages ago from a crappy developer. When it was time for the inspection 50% of the unit isn't even finish. Developer just wanted the money so they can move on and would not fix anything till final payment came in. Lot's of owner including my friend basically went and sue the developer. Everything was fix but it took a long long time. He just sold the place right after because with such shitty experience you have no idea how the built quality is.

https://i.redd.it/bt1wxig7yso11.jpg

:suspicious:

PR/Marketing ploy to create appearance of demand/hype it seems; 500 people lining up for something, may or may not be a for house

$50 GC to put a deposit down on a 500sq ft $600,000 condo..

Wall centre central park burnaby gave every realtor who attended the pre viewing a $100 metrotown gift card. My friend told me to dress in a casual suit and go. Easiest $100 I ever made.

I'm willing to bet half the subtrades that did work on those same houses wern't paid in full either. It happens all the time, even when they were building the Parq Casino downtown the owner ran out of money and stopped paying until he could open up the casino/hotel and start collecting rent. If you're involved with that project what choice do you have other then finish it and wait to get paid? Construction Companies building them GC & sub trades fund all these projects anyway, you can walk away and sue but then nobody is getting paid. The only people making any real money are the developers.

I don't think you have to put a deposit. I read it as for the first 500 visitors. If our free salt caused havoc...id stay away from this hahahaha

Anyone else here listed recently or also buying/makingoffers

Those lift ups are probably pretty safe once complete, probably stronger than the original foundation if done properly. Just hope there isn't an earthquake when it's sitting on those jenga blocks ahaha

Lift ups are pretty common here in Victoria, I see them all over the place.
I walk by one on my way to work, they just put it down on the new foundation and framing last week.

Renoing/upgrading existing structures seems far more prevalent over here than demolishing and building brand new like in Van.

Fake it till you make it lol

Oh I have no doubt it’s completelt safe and well built once it’s done.

When I said sketchy I meant the process of doing it. You have a house sitting on 4 stacks of beams with an excavator and bobcat running around below the house in between the columns lol. A bobcat could easily knock one of those columns out

I think that's what happen the subrades or trade workers didn't get their wages so they refuse to go in and fix any issue till they get paid and while owners aren't paying the developers a dime till everything is fix.

So is best to stick to the big developers at least they have the money.

Sometimes, however you aren't going to get your hold back released unless you complete your work. The issues that come up is who is responsible to pay for fixing the item, is it a deficiency or is it trade damage? If it's a deficiency obviously the trade who did it should fix it if it's trade damage they should be paid to fix it. This turns into an argument all the time because the GC almost always say's is a deficiency and the subtrade is generally arguing it's trade damage, truth is probably somewhere in the middle. The end customer doesn't give a shit and rightfully so, they just want it fixed but they get stuck in the middle.

Just because a developer has money doesn't mean it's any easier to get it from him from a contractors point of view. I actually find the ones that have the most money are the cheapest and hardest to deal with well the smaller guys will typically pay quicker. The same can be said about General Contractors. The largest companies don't give a fuck, the attitude is take what you get you don't like it sue me. They don't really GAF if you have a lien on a project and some of their money is tied up for years, they got investors and can afford to wait. Worst case scenario? You win and they pay you the money they owed you anyway 3-4 years later.

Wow, 3 million dollars for this dump of a house..
https://www.realtor.ca/Residential/S...olumbia-V6R3B2

Looks like I'm stuck in Alberta for life..

You're paying for the land. Whoever buys that property will tear the house down and build a bank vault disguised as an eyesore to hide their laundered money.

With or without the River Rock Casino's help.

or be like your neighbors and have 12 suites in a house for rent @ 1000/month

that's overpriced for a crack shack on 4078sqft

in that price range you can expect to be north of 4th

5 bed character home 3.1m
https://www.rew.ca/properties/R23089...erty_click=map

10 bed tri-plex 3.6m
https://www.rew.ca/properties/R23017...erty_click=map

I thought that was more of a Surrey thing then a Vancouver thing? Maybe it's a everything now? :)

Casually looking at an open house in the neighborhood has turned into an offer... boy that escalated quickly lol. Current condo should be on MLS any moment now... Hope this is a smooth transaction overall.

that was always a vancouver thing around west 4th.

they may look like big ass single family homes but if u look on the side and the backs, there are shitload of doors with suites comparable to DTES