I'm in Central Coquitlam and i'm amazed to see all of the brand new 2.0-2.7M houses that sat on the market for a year sell in quick succession over the last 2-3 months... either new $ is entering the market or the $ that's already here is buying again and given these prices they can't be locals...

Some of those might be people sitting on 1m+ condos in OV or DT and moving out to the burbs because they all of a sudden need the space and no longer have a commute.

OV is a disaster waiting to happen imo(maybe disaster is too strong a word) but a lot of similar aged professionals live there; all of them are having kids or had kids in the last few years and kindergarten enrollment is a clusterfuck. Now you add that in with no longer having to commute to DT I'm just waiting for a massive selloff there.

What makes you think WFH is permanent? Many people are slacking and getting nothing done besides logging in on time and moving their mouses. Their bosses are itching to get them back into the offices once covid passes.

A downtown condo will always be a safe investment. Condos in outlier cities will be the first to fall.

LOL my boss is still working from home. I had to call him today to pick his brain about something, and the fucker was out taking a walk on the beach.
I'm not going back in until he does.

obviously he was taking meetings/business calls while on the beach

either that, or it was just a virtual background he selected

Kappa :troll: :badpokerface:

Our company accepteed that WFH works but we just bought a new HQ. So the bosses want people back to fill in the nice office haha.

My boss made everyone go back into the office at the end of June. But he only comes in two to three times a week for 3 to 4 hours a day. :rukidding:

I don't mind going into the office, but don't make people go back unless you are setting an example.

Certain federal government office announced to expect to work from home until April 2021 the earliest, and would reassess at that time to see whether or not to continue.

If there's no vaccine I don't see people returning to the office anytime soon.

Our company isn't going back into the office until early 2021 at minimum. At that, we've already started transitioning from working from home 90% of the time anyways.

Don't sleep on it, for as many old school boomer bosses that want to see butts in chairs, there are companies that want to cut their leasing and rental costs and trust their employees to work from home as long as productivity doesn't dip.

Disability claims are also a major factor. Roughly 30-40% of disability claims nowadays are mental health related, much of those issues arise from having to be in a physical office, especially if you work in an office with different personalities that don't align well.

I highly doubt you will see a shift back to fully working in the office in the future here.

I don't think I meant to make a blanket statement saying everyone will be working from home, and I think you should the other way. I'd say even half of the office workforce working from home or only going to office 1 or 2 days a week would make a big impact already.

There's no plans for my company to go back anytime soon, everyone is already expecting to WFM until at least next summer, some people have already publicly announced they don't plan to go back to the office. I don't think productivity has lapsed and management sees that.

Survival of the fittest is very simple. Enjoying the flexibility of WFH but not meeting your KPIs? Well, get the fuck out cause there's someone else willing to take your job, it's that simple. Either adapt or be replaced.

Also, always statements are almost never true.

I don't think anyone should assume WFM is permanent and start buying/selling homes around that basis lol. Unless you get it on damn writing signed by the employer you are allowed to WFM permanently, I'd take anything temporarily.

My company is old school in terms of business practice, but they have made zero intent to even consider going back to office. Mainly because there is a lot of cases in the USA and when decisions are made it has to be done to both USA and Canada. E.g. Can't be we'll keep office closed for USA but make everyone in Canada to go back to office.

I was listening to the radio the other day and they were saying 1/3 of people are still working from home, which makes the remaining 2/3 going to office. Today I had to head to the office since Covid started for a meeting and the traffic was ridiculous (even trying to come home around 2-3pm middle of the day).

Whoa~ This is kind of unexpected...

https://www.straight.com/news/vancou...m-august-highs

Not sure what the split per city is but rebgv is going to post some strong sales for september. I think we will likely see 3500+ sales.

Anyone having issues finding decent tenant at the moment? I've been lowering the price of the unit by $100 every 2 weeks.

Where have you been posting?

yes having this problem as well.

My Father in Law passed away a couple weeks ago so my Mother in Law will be listing her house in Burnaby (near Highgate) pretty soon as she wants to move to the island.

2019 assessment was 1.2 mil
2020 assessment was 1.0 mil


This should be interesting to see how it goes.
The only thing that sucks for her is that mainland housing capital flight to the island in the last couple years had a big effect over here and prices have come up so much on this end you don't get a whole lot more for your money anymore.

^ can you tell us more...

location? size?

I'm sure if you're downtown where there is an abundance... it might be issue.

Same as Richmond with the nicer buildings with tons of people leaving due to COVID and no foreign exchange student.

Location is on Salisbury in Burnaby, just down the street from Highgate.

Lot: 3800sqft
House built 1987
Square footage of the house, not 100% sure but probably around ~2000
5 bed, 3 bath, 2 kitchens (can be 2 full separate suites)

Have to give people benefit of the doubt, but numbers are always skewed. Thank you for this; every realtor I speak, they all say the market is fast, crazy and people are still buying so it's interesting to see a diff perspective.

FB Marketplace + Vansky. However, the quality of candidates from FB is awful.

I'm going to toss it onto CL and Zumper too.

Give that a try but the number #1 rule, don't take the first candidate out of desperation. Do a full back ground check.
With the way the rules are written, it's hard as F to get rid of a bad tenant.

Let us know how it goes. I am curious to see how well it sells.