I’ll always remember my dad who works directly with big time developers of high rises etc. saying it was “insane” that new builds in yaletown etc. we’re crossing that $1000 sq ft mark

Now that thing is going for $1300

I think condos sub $525K / low sqft don't follow the traditional $ per Sq/Ft model because of the first-time home buyers incentive and that price point is the upper cap of what someone in their 20's/30's can qualify for. What they don't realize is that the incentive gets nerfed from $500 - 525K.

From what I've seen in the last 4 weeks. 2 friends just bought a condo in Jan with their parents help. The recent price increase caused their parents to FOMO that their kid won't ever be able to enter the market. So they offered to help with the DP $120 - 300K so they can take on a 2BR mortgage + Roommate instead of the 1BR rent they were already paying.

If they raise the first-time home buyers incentive to $700K that'd be nice. I can see 1BR's in Joyce rising to $700k if that's the case.

I'm a bit weary of the fit and finish off the newer condos. The ones I've been in that's only a few years old seems to be beat to shit, random interior layouts and poor interior fit and finish.

At least that one's an actual 1 bedroom and is newish... this 24-year-old 365 sq. ft. studio near Joyce went for $1000/psf: https://www.zealty.ca/mls-R2649130/1...-Vancouver-BC/

New unit in Joyce by Westbank (lol) went for $1400/psf: https://www.zealty.ca/mls-R2625642/1...-Vancouver-BC/

It's real strange seeing that Westbank building at Joyce back right on to rows of SFH. Wonder what that area's going to look like in 10 years.

https://www.rew.ca/properties/areas/...uilt_from=2017

Wow, there are 11 duplexes now for sale in East Van listed for over $2m with the highest at $2.35m out in Fraserview (only 2100sf!).

Wasn't so long ago that a nice 2000sf duplex was only $1.7 or so.

https://www.vancouverisawesome.com/r...houses-5075688

Looks like Burnaby is finally moving forward on building lane way houses

We were actually driving by that duplex just now and my wife said nice house.
Me: "It's a duplex"
Wife: "Still nice... Must have a garage like you want it to"
M "You are probably paying 2.5x what we sold the townhouse, and only get 1.5x the space."
W "You pay for the yard space too"

We sold our townhouse for just under 800k, 1250sqft. So it ends up being 3x the price and just over 1.5x the space. 5 bed @ 2100 though is a decent size.
I just told her it's 2.35m. Wow. That's more than what we paid for our house, even after accounting for our renos. Granted we have a 30 year old house.

Boy, the builder is making a killing on this sale (https://www.rew.ca/properties/382037...t-vancouver-bc). The lot sold for $1.445m in Sept 2019 and the build cost on 4200sf is ~$300/sf so let's be generous and say it's $1.45m to build (including interest, fees etc) so about $2.9m to buy/build both sides and now they're going to sell for a total of around $4.7m.

While it's great that the city rezoned all SFH to allow for duplexes it's a real shame that they didn't allow duplexes to be built as big as SFH - a SFH on that lot could go up to 5050sf while the duplex only adds up to 4200sf. That extra 800sf could have been a coach house in the back or a bigger rental suite (2br) or an office on the main floor.

^ nice build and finish on that duplex. Yah, developer rode a huge wave from 2019 to 2022! He/she won the timing lottery. The only risk of a duplex is the neighbour, as the great Forrest Gump puts it, 'it's like a box of chocolate ...'

Perfect for like two families ... if you get along and like each other, friends, siblings, etc.

We're looking for an AC install into our townhouse. Anyone have a recommendation other than costco? Costco quoted me $7500 - $8500 + promotional rebates/cashback. Looking to get it installed before it gets busy for the summer.

You got strata approval for that?

That price doesn't seem unreasonable to me.
How many split units? or are you central air?

https://www.redfin.ca/bc/vancouver/6...istings_update

There needs to be a RE fail thread. $2.088m ask Feb 7. Changed price Feb 22 to $3.1m. For a 2004 Vancouver Special…

If it sells at that price, my house must be worth 4m now :pokerface: (highly doubtful)

Gonna tell parents to post their house up ASAP if this fetches over $3M LOL:fullofwin:

Give me 3 mill from mine and I’ll be out of Canada Tom.

Could basically retire abroad at 35 if I could get 3 lol

At what price is it ok to do a Menendez Brother (https://en.wikipedia.org/wiki/Lyle_and_Erik_Menendez) in order to get your inheritance early? Asking for a friend.

I think the current prices for those are low 2's?

Yeah, assessed around $2M for these. Saw some sold for $2.3-2.4M couple months ago around the area. $3M asking is quite high, but nowadays nothing surprises me lol.

2.4m is probable. I've seen some agents go low, go high, go low, go high to generate some attention.

https://www.zealty.ca/map.html?id=R2650259

1.88 origianl ask feb 7

revised price

2.3 Feb 22. lol what

edit: look at sold properties, overview. Jan 22/ Dec 21/Jan 21

Median Selling Price
Jan 22 $2,728,000
Dec 21 $1,960,000
Jan 21 $1,336,500

Look at this beauty in Cloverdale. Someone bought it Nov of 2020 for 970K sold it Jan 2022 for 1.88m, decent return for 14 months.

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

^ Big lot. Townhouses incoming

Most likely, that or a couple duplex's. My lot is almost the same size but I don't have a corner lot like this guy did.

Not Vancouver, but worth a laugh (Battleford Saskatchewan)

The ad lists:
This duplex was built in 2010 with quality finishes throughout!

And then you see this.... :pokerface:

https://assets-listings.rew.ca/crea_....1&w=560&dpr=3

https://www.rew.ca/properties/382201...ype=Geography#