if you have nail pops that means the board behind has been compromised so you're best to remove the nail/screw and rescrew it back in a couple inches away then patch then both.

If you have tape that's cracking then ya you can just mud it over but it's probably going to crack again.

I have a guy that will do this type of work, but unless it's a fair amount to warrant his time you're best doing it yourself.

Market for detached stills seems hot in Victoria. A house a few doors down from mine just sold within 3 weeks of posting. Asking (850K) was 150k above assessment. I'm curious about the actual sale price, but I can't imagine it would have been too far asking off considering it sold so fast.

You can make an account on zealty.ca to see sale prices. It also shows all the info of listing price and dates etc. Pics as well like Rew.

If you took out a mortgage for the down payment. Is the plan to re-mortgage and sell the old place once the assignment date comes?

Most likely will start a new mortgage with my SO when the new place is ready and assignment date is set but it all depends on the markets and what happens to the area that I live in. I was considering on selling early and renting to lock in my price.

I hear there might be a new skytrain line so that could affect the property values so it makes more sense for me to hold on.

^^ that's a risk though, are you able to carry both loans if markets tank and you can't sell?

Yeah it is a risk but I have around 3 years to sell it. I'm pretty sure everything will be better once the economy starts again. But to answer your question; yeah we can manage if it was rented out.

Actually my neighbour is a commercial realtor and has access to that system, she looked it up and apparently it went for 880K

As well, another house further down the street listed for 650k went for 680K earlier in October. And that house was a rental, and needed a LOT of work.

Some stats from October are trickling out. It looks like the market is continuing to defy logic:

https://twitter.com/SteveSaretsky/st...363817472?s=19

It might still be a good time to pick up a condo for investment purposes. The federal government has doubled down on immigration targets, so people have to live somewhere...

In contrast to that:
https://apple.news/AAQfVQRRhRTK02dFeRtT1DA

Rush to sell before completion in Toronto or just flat out losing the deposits... same thing is happening in Burnaby at Etoile and others, lots of desperation sales of people who can’t actually afford to complete.

People who purchased an assignment in 2017-2019 are likely underwater. Condo prices (like the entire market) fell from 2017-mid 2019, and have been relatively stable over the last year while TH & Detached have increased noticeably.
Developers were also projecting where prices would be in the future when the building would complete based on 2015-2017 trends and charging those prices at the time of presale (which I don't think anyone recognized).

IMO, the condo market recovers when the pandemic passes and borders officially open up, we see pent-up airbnb demand, and int'l students start coming back to the city. Until then, I project condo prices to face downwards pressure. Otherwise, I agree, it's a good time to start poking around and looking for opportunities from very distressed sellers.

How many condos in metro Van are AirBnb friendly? I haven't been in one where strata allow it yet.

Just curious if anyone knows what’s the deal with this property it’s been sitting for a long time with steep price drops. Every time it drops the listing days is refreshed but I swear this ones been up for a few months at least now.

Even though the interior photos are kind of wonky it’s a nice interior in a good neighborhood and priced IMO very reasonably for what you get. Plus low strata fees. It’s priced lower than bc assessment value.

https://realtylink.org/en/townhouse~...8?view=Summary

Anyone?

To me it looks like the price might be due to the placement of the unit? It looks like it was just jammed in some green space that was left over in the development? Where are the pics of the yard etc.

I work around there sometimes maybe I’ll go have a look. The price is orettt good though considering half duplexes not far away are going for 1.3-1.6

Those pictures are horrible which gives me the impression that they don't have the best selling agent. No floorplan and as Honda has said, it looks like you will be living in the very middle of the complex. The latest price does seem reasonable (org. ask was $999).

Those are some messed up pictures that does absolutely nothing to sell the unit.... Problem no1 in a pandemic when people would do more careful vetting before actually going to see a unit.

Then what Hondaracer said. I Streetviewed around it, seems like it's in the middle of the complex. I assume where a green space or playground was originally planned, but the developer ended up putting in another unit.

Looking at the stats, the outside looks nice and big, but I'm going to assume the layout is shit as it's got 1300sqft spread over 3 floors, and only 1 parking. There's nary any street parking so you are pretty hooped.

Great observation guys. That’s the thing with Vancouver town homes you rarely ever find them larger than 1300 sqft ��

Well, that's the nature of infill development. These homes were probably detached lots that were assembled to bring density to the neighbourhood. Historically, 33 feet lots were considered dense, which explains why these townhomes are only 15 feet wide.

You will only find larger duplex style townhouses in master planned subdivisions in the suburbs.

There's lots that are 1500-1700 sqft in size. Though with the smaller footprint it doesn't make them anymore useful.

anyone have any insight on nanaimo or vernon for a rental investment property.

If you're going to Vernon, go to Kelowna. The realtors there seem bearish of the near future with the multiple high rise developments. They think supply will outweigh demand. But it's hard to say.

There are a few units there that cash flow $200-300/month but are $350 - 450k, 2 to 3 bedrooms.

Kelowna itself is slowly transforming as a tech hub for the Okanagan with tech companies and startups getting funding, surrounding itself around the university with partnerships with both the private and public sector. 5G will likely drive this growth, but this will take a bit of time given COVID etc.

Lol..so I just went to look at this unit..what a disgusting build omg..

So.. you have zero yard, nothing. Unless you consider those little box hedges lining your entry sidewalk. The green space in front of your door is a common sump/drainage pit:

https://i.imgur.com/VK6QGqY.jpg

Not only that, you are the back half of a joint unit, the front half which faces out onto 49th. So you’re also the only unit in this development with a common wall:

https://i.imgur.com/FwXhcYc.jpg

(This is the side view from the side the picture is of above)

https://i.imgur.com/7WKYmbW.jpg

Other side where there is another entry either to this unit or the front one:

https://i.imgur.com/d2Bhvlc.jpg

This unit that is actually on Killarney and completely detached is sold so I wonder what this one sold for

https://i.imgur.com/ULzTeIY.jpg

Lol what a completely garbage unit.. The quality of the overall build seemed fairly suspect as well given the age and the signs of mildew etc on the fascia and other random things that stuck out to me walking into the complex. Also I’m assuming this only has street parking as the only way to get to this unit is through the common spaces in between other units

The completely detached sold for $1,260,000 in April 2017. Nothing out yet for the recent sale.