Well if you can basically recoop the penalty by getting the lower rate that’s probably good enough

I heard from a friend of a friend she got sued and towed out by RCMP at her last shop after REIMAX. Big kefuffle at Oakridge...

Business and profit talks, she started her own brokerage (DRACCO) as a result.

"professionals" and self-regulated :badpokerface:

Cringe worthy weekly meeting...

That was literally like a car wreck, I couldn't look away...

-Mark

Oh man...at the 3 minute mark...memories of my mandarin teacher asking if we did our homework.... @_@

The kind of shit that gives the industry a bad rep. Ugh

Just watched 20 minutes of this. Pretty brutal lol.

Did quick research on her... she has quite a lot of listings including a mega mansion in richmond.

Also found articles on her being accused for threats and some shady tax stuff.

Pretty significant proposal being discussed by City of Vancouver council this week:

https://twitter.com/fabulavancouver/...846108162?s=20

Up to 6 units on any residential-zoned lot.

GG to all the street parking in Vancouver if that passes and is implemented

watch there will be a loophole for people to take advantage, and where it won't help affordability but cause more problems

Parking is a worry for sure but it's the crime that all the rentals bring into the area that is the problem.

I bought into the Clayton area when it was new, about 14 years ago and at first it wasn't terrible. As the development continued the parking obviously got worse but it was the shitters it brought into the neighborhood that finally made me say peace out.

I moved into an older neighborhood with big lots and homes not suited for suite or rental potential and couldn't be happier with the area really.

Not looking forward to the day where streets will be lined with 4plexes... Awesome if your neighbours are great, but once that one imbecile moves in, GG.

Also: This move will make single detached lots skyrocket. Buy land.

she looks so angry :heckno:

Haha uhm... at 1:30... isn't it a MASSIVE conflict of interest to be working in the area of debts and foreclosures for the province of BC and then also get a real estate license on the side? Fuck.............

https://dailyhive.com/vancouver/vanc...ennedy-stewart

If they enable 4 units into a single lot and a $80k household income must be able to afford it. That means that each unit can be sold at a maximum of $500k with 20% downpayment?

That seems pretty unprofitable unless you're buying a empty lot in East Van. I can't imagine living on 1/4th of a standard lot. That's like 1,000 sqft of land and the building is even smaller since it's likely you need to meet some sort of regulation to have a garden / garage for this to work.

lol who says you get any land

probably 4 units on two half duplexes + laneway, dont know where he's gonna plop the 6th one on even a 45ft+ lot

i assume when he mentions average median it's for a 1 bedroom/studio above a garage/in the basement

apparently wanting to fast track this pilot program even before the major planning/development of 2022

https://vancouversun.com/news/local-...ing-initiative

super light on details ie how you gonna build 5 units and have like almost no parking provided

there are already homes that do this...ofcourse not permitted but you can see it in the layout

take a 3 storey home...top floor is your living area...main floor is divided in to 2 suites and same with the bottom floor...then add in the laneway house..thats 6 units

its not common but its a huge income driver for investors..and yes parking is going to be a pain but for units closer to a skytrain this is like a mini condo/townhouse living

Isn't this like pretty much all new builds. Top floor is owner, lower has 2 units, plus basement? And lane way in the back. Or sub divide the rooms for air bnb

cant say ive seen that 6 unit layout but not surprised

i only know of triplex looking builds near king ed and nanaimo stns but i thought those are land assemblies combining two parcels

Sounds like your typical Surrey cul-de-sac.

It's there a current listing with photos? I'm curious what the setup looks like for 6 units.

its not common but there are some out there...think of your typical 10-20 year old vancouver special 2 storey homes that already have 3 units and then adding another basement below ground with another 2 units underneath...then build a laneway at the back and you have 6 units

most homes these days are running 4 units anyways but i guess this will add another 1-2 units for a regular lot

I'd live in an apartment before I did that, I mean I guess if the numbers made sense and you didn't have to live in it as an investment but holy shit that sounds terrible.

if you only got ~$1k/month to spare...renting an apartment isnt an option...these homes/units dont go for as much as condo/apartment if all else is equal (location, age, condition, size, etc)