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-   -   Vancouver's Real Estate Market (https://www.revscene.net/forums/674709-vancouvers-real-estate-market.html)

westopher 11-15-2022 02:06 PM

He’s looking at 2.9 million dollar homes and I don’t think his parents are buying it for him so he can’t be.

EvoFire 11-15-2022 02:56 PM

Quote:

Originally Posted by Badhobz (Post 9081692)
only problem is that some of these hot ass realtors chicks will be gone and ill have nothing to look forward to when i go view open houses.

:pokerface:

i told the wife i sort listings by realtor agent hotness. too bad most of the time i show up, its their ugly ass assistant

There are some hot assistants, the guy agents typically have the hot assistants. A few years ago we went to a open house on one of the new towers on Nelson around Metrotown, even my wife said she'd bang the chick.

Too bad I don't have the money to close the sale and a 3P :badpokerface:

Badhobz 11-15-2022 03:15 PM

I'm white as shit on the inside.. Basically a gun toting republican at heart.

bcedhk 11-15-2022 03:32 PM

Quote:

Originally Posted by CivicBlues (Post 9081695)
Man some of these realtor's profile pictures are touched up so much they'd make an Instagram Thot blush.

Or some still using a photo from decades ago.

https://threebestrated.ca/images/REM...chmond-BC.jpeg

I still see their ads around Richmond. I'm pretty sure both in RL look like:

https://thumbs.dreamstime.com/b/chin...e-14723322.jpg

6thGear. 11-15-2022 05:07 PM

Quote:

Originally Posted by Badhobz (Post 9081664)
^i agree. I know there are realtors on revscene so im not going to shit on their profession. Im sure there are some who are very knowledgeable, and others who are like you said, just a MLM marketing or a housewife.

I just wished that when i sign a contract with these realtors, that they act in a manner that is in my best interest, and not their own. That contract does not require them to act as a fiduciary and legally they aren't obligated to protect your interest. Hell thats why they have errors and omissions insurance so they can cover their asses when they "forgot" to mention that my drain tiles are clogged to shit.

The problem is the industry and not the individual. It needs to be overhauled and thats why recently me and the wife have just been hunting on our own. When we find a home we like, and did our due diligence, then we call our realtor to make the deal. During of wheeling/dealing process, i dont listen to a god damn thing he/she says and just go purely based on my own gut/budget considerations. I dont need to see your "comparable" i don't give a fuck, ill just pay what i think is fair for that property.

What you're looking for is called added value. Many realtors don't offer that or their perception of that is doing 1 minor thing.
The good realtors much like how I was trained is to offer a solution to the clients problem. That means anything and everything. I've fired notaries that were on my recommendation for delaying conveyancing and not meeting my clients on a timely manner. Majority of agents just shrug their shoulders.

Quote:

Originally Posted by donk. (Post 9081671)
Realtor industry overhaul?
Start by making that 10 week online daycare program into a 2 year degree, and weed out the housewives

The problem isn't the length of the program, it's what's taught. Tons of legal stuff, which is fine but they don't teach the "hands on" ie actual client relations. There's no "apprentice " period. I've done the Home Inspection Course from BCIT and the last portion is literally hands on inspections at people's homes with a senior inspector watching. I think it was 10 inspections I had to go through and it wasn't paid.

Once one acquires the RE license, they're basically thrown into the fire. No one helps anyone, not even the managing brokers. It's a dog eat dog eat dog industry. I'm absolutely fortunate 1 of my closest buddies took me under his wing cause honestly I'd be lost in this industry.

The Producer 11-21-2022 03:51 PM

i guess I officially don't live in a non-rental building anymore.

upside - could roll up to my parents house for a few years and bank 3k a month.

could try a different town for a bit and probably net zero or better while hanging onto our ownership.

downside: i won't be the only one thinking about doing that. our owner occupied building is for the most part well managed and taken car of by owners that care about their homes. i'm generalizing but in my experience the current ~10% of units that are rented (current strata bylaw) are the toughest neighbours to deal with.

Fortunately this does not force stratas to allow short term rentals. We'll be able to continue to ban airbnb's etc in our building.

Time will tell how his plays out I suppose. I'm not exactly sure how this helps anybody. Will more owned but unoccupied units make it to the rental market?

https://news.gov.bc.ca/releases/2022PREM0065-001745

donk. 11-21-2022 04:00 PM

Quote:

Originally Posted by The Producer (Post 9082145)
i guess I officially don't live in a non-rental building anymore.

upside - could roll up to my parents house for a few years and bank 3k a month.

could try a different town for a bit and probably net zero or better while hanging onto our ownership.

downside: i won't be the only one thinking about doing that. our owner occupied building is for the most part well managed and taken car of by owners that care about their homes. i'm generalizing but in my experience the current ~10% of units that are rented (current strata bylaw) are the toughest neighbours to deal with.

Fortunately this does not force stratas to allow short term rentals. We'll be able to continue to ban airbnb's etc in our building.

Time will tell how his plays out I suppose. I'm not exactly sure how this helps anybody. Will more owned but unoccupied units make it to the rental market?

https://news.gov.bc.ca/releases/2022PREM0065-001745

"In addition, the Province is making amendments to the Strata Property Act to end all strata rental-restriction bylaws and to limit age-restriction bylaws so that the only permitted age restrictrion is to preserve and promote serniors' housing through the “55 and over” rule in strata housing."

It's finally happening...... I would not be surprised if this gets overturned in some court.

If this goes through, it's going to be massive. More investors are going to pile into the well managed stratas, rental stock will spike, home prices will increase, and there is going to be alot of unhappy home owners that their buildings are slowly going to become rental buildings.

Personally, I no longer need to worry about only looking at 25% of homes when shopping due to rental restrictions.

68style 11-21-2022 04:25 PM

Ooooof I knew someone who only sold their extra place last year cuz they couldn't rent it out lol

rb 11-21-2022 05:44 PM

I think we'll see an influx of investment buyers on the lower end older condos/TH that now become a great place to provide cashflow and a bet on the market returning to better times without paying that premium on newer places w/out restrictions. Plus with the older stuff, a developer buyout is more likely so renting it out while you sit on a dump is not a bad way to make your money work

CRS 11-21-2022 06:50 PM

Any rotatory you guys recommend?

I'm renewing with a different institution and I have to sign new paperwork.

*edit: I'm not editing the original comment but, yes, looking for a notary :lol

roastpuff 11-21-2022 09:37 PM

Quote:

Originally Posted by CRS (Post 9082156)
Any rotatory you guys recommend?

I'm renewing with a different institution and I have to sign new paperwork.


SUSAN TONG & ROSALYN MOW NOTARIES PUBLIC


Speak Cantonese, Mandarin and English. Really on the ball and great people to work with - a mom & daughter combo.

supafamous 11-21-2022 10:20 PM

https://www.zealty.ca/mls-R2738365/5...-Vancouver-BC/

There's some nice looking new duplexes showing up in Vancouver nowadays - not the buddy guy stuff that was very common 5 years ago but with current interest rates these kinds of places are nearly $8k/mo in payments at 20% down. For 1500sf that's NUTS.

Also, that garage is only 8'9" wide. I don't understand how any city planner approves this.

sonick 11-21-2022 11:02 PM

Quote:

Originally Posted by CRS (Post 9082156)
Any rotatory you guys recommend?

I'm renewing with a different institution and I have to sign new paperwork.

Tsangnotary.com

All his staff are hot Asian women.

Badhobz 11-22-2022 05:30 AM

Quote:

Originally Posted by CRS (Post 9082156)
Any rotatory you guys recommend?

I'm renewing with a different institution and I have to sign new paperwork.

RX7 is my go to rotary

Quote:

Originally Posted by roastpuff (Post 9082179)

SUSAN TONG & ROSALYN MOW NOTARIES PUBLIC
Really on the ball …. mom & daughter combo.

:ifyouknow:

CivicBlues 11-22-2022 08:43 AM

Quote:

Originally Posted by Badhobz (Post 9082192)
RX7 is my go to rotary


:ifyouknow:

LOL disappointed that it took that long for someone to correct him or even ask for clarification on a board like this.

rotatory(n) · pertaining to or of the nature of rotation

OR Notary + Rotary = Rotatory? some kinda Chino-Japo pronunciation? :awwyeah:

CRS 11-22-2022 04:00 PM

Quote:

Originally Posted by Badhobz (Post 9082192)
RX7 is my go to rotary


:ifyouknow:

Quote:

Originally Posted by CivicBlues (Post 9082202)
LOL disappointed that it took that long for someone to correct him or even ask for clarification on a board like this.

rotatory(n) · pertaining to or of the nature of rotation

OR Notary + Rotary = Rotatory? some kinda Chino-Japo pronunciation? :awwyeah:

:pokerface: :drunk:

bcedhk 11-22-2022 07:00 PM

Anyone have recommendations for a house cleaning to do move out in Vancouver? What's the typical asking price nowadays for a typical 1bed + den condo cleaning? $300?

bcedhk 11-22-2022 07:04 PM

Quote:

Originally Posted by supafamous (Post 9082183)
https://www.zealty.ca/mls-R2738365/5...-Vancouver-BC/

Also, that garage is only 8'9" wide. I don't understand how any city planner approves this.

Those realtors site plans are not 100% accurate.

Vancouver Bylaw requires 2.9m for a parking stall abutting two walls.

meme405 11-22-2022 08:10 PM

Quote:

Originally Posted by bcedhk (Post 9082256)
Anyone have recommendations for a house cleaning to do move out in Vancouver? What's the typical asking price nowadays for a typical 1bed + den condo cleaning? $300?

just call molly maid or beeclean and ask.

They usually ask for basic information like Sqft and # of bathrooms and stuff, and then they give you a price. I found that for the majority of the bigger cleaning outfits they gave very simillar pricing. Like within 5% of each other.

Or you can just go the craigslist route and find some rando that will come, it's like gambling, you might get some little old granny that comes and does an amazing job for cheap, or you might get someone who comes and robs half your shit.

Best of luck.

bcedhk 11-22-2022 08:43 PM

I mean, it's a move out, so the place will be empty. Unless he/she wants to take away the 10+ year old stove and fridge

winson604 11-24-2022 04:47 PM

Real estate related I guess. Does anyone know if someone rents out a parking space in a condo to a non resident is that covered under the Residential Tenancy Act? Can't seem to find anything clesr cut yet. Ling story short having a dispute over getting a deposit back and they're trying to say I'm in violation of the RTA.

6thGear. 11-24-2022 06:10 PM

Quote:

Originally Posted by winson604 (Post 9082392)
Real estate related I guess. Does anyone know if someone rents out a parking space in a condo to a non resident is that covered under the Residential Tenancy Act? Can't seem to find anything clesr cut yet. Ling story short having a dispute over getting a deposit back and they're trying to say I'm in violation of the RTA.

Just calle the RTA board and ask. I wouldn't be surprised if they say it doesn't fall under RTA.

Great68 11-24-2022 06:31 PM

I'm pretty sure the RTA only applies to rental spaces where humans would actually be inhabiting...

6thGear. 11-24-2022 07:15 PM

Curious why there's a deposit put down? I've rented an extra spot before and it's pay whole year up front. Same with storage unit, all up front.

winson604 11-24-2022 08:14 PM

Quote:

Originally Posted by 6thGear. (Post 9082405)
Curious why there's a deposit put down? I've rented an extra spot before and it's pay whole year up front. Same with storage unit, all up front.

In my experience it has been standard. This is the 5th spot my wife had rented downtown in a condo from a resident for work and every person has always asked for a security deposit.


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