Vancouver's Real Estate Market

[yray]

Originally Posted by Digitalis

Why would BC hydro need to consent? It's not like you consented to a smart meter or anything.

because using the meter is like using a cable box to connect to shaw

does shaw have to give out your internet info?

[E-40six]

Originally Posted by UFO

Fwiw mainlanders seem oddly interested in 'Murcan trucks. Lots of mainlanders rolling in F150's and the like in Richmond, even the new C-lais in Raptors

and new Diesel F350s

[fliptuner]

Generally, what's the protocol if you buy in an adult only TH complex and later, become pregnant? Do you have X amount of time to sell?

[SumAznGuy]

Originally Posted by fliptuner

Generally, what's the protocol if you buy in an adult only TH complex and later, become pregnant? Do you have X amount of time to sell?

Adult only TH? Sounds like the time the wife and I went to mexico and stayed at an adults only resort. 24/7 playboy channel on the tele.

[Tapioca]

Originally Posted by fliptuner

Generally, what's the protocol if you buy in an adult only TH complex and later, become pregnant? Do you have X amount of time to sell?

What do your bylaws say?

If the bylaws are silent, such situations are probably handled on a case-by-case basis. The strata's property manager should be contacted first.

[flagella]

Adult only TH rofl. There's one in our area and it makes me chuckle every time I walk by and see the sign

[G]

Concord Brentwood sold out before opening to public. But that doesn't say much, all you have to do is register on their site and u can get a chance to buy :P

Decided to cancel my order for my unit. Value/size/money = not worth it after a lengthy consideration

[Gululu]

imo Brentwood will have its place. word is Foody Mart is looking to expand there

[yameen]

do you guys think concord brentwood is worth it? i'm planning to try and get in on the presale for tower 2

[Mr.Money]

as investment or for Yourselves?,there almost seems like 100's of condos being build.

[G]

I was able to get in during VIP first day of presales. Word on the street is the following days had an increase of $30,000-$40,000 added on top from the previous. Tower 2 will be more expensive than tower 1 so I cannot imagine how prices will be there. They are already preparing for tower 2, so you should probably get your suite request in or ask your realtor/whomever on how to sign up for it. I heard people who couldn't get in on tower 1 were contacted/notified that they can be apart of tower 2 without re-registering.

If you want to get it as an investment, there a ton of other properties that are going to be nearby. You don't need luxury for investment/renting purposes.

If you want to live in it, you need to have a plan especially for your future. Completion is year 2020 and they will most likely be building both towers at the same time. This might delay the completion date so you have to plan for a 4-5 year completion. On top of that, not gonna lie, the units are really small so be prepared.

[kr4l]

Originally Posted by yameen

do you guys think concord brentwood is worth it? i'm planning to try and get in on the presale for tower 2

This has got to be one of the most vague questions ever asked.

Can you afford living there and living a happy life? If the answer is yes, then it is worth it.

[Tapioca]

Originally Posted by yameen

do you guys think concord brentwood is worth it? i'm planning to try and get in on the presale for tower 2

Why would you buy a unit that you can't see for another 3 years, when you can buy a larger unit in the same neighbourhood today for the same price? There are lots of buildings in Brentwood - Tandem, Perspectives, OMA 1/2, Solo, Watercolours, and a bunch of woodframe units at Brentwood Gate.

[meme405]

Condo's as an investment suck, they wont appreciate anything like a detached home. The only exception to this is Downtown Vancouver.

Think about it, if the demand continues for condos around brentwood enough that the values start to rise, developers will just build more towers across the street. There is the land available to do this. Therefore price increases will be marginal for TH and condos.

Whereas compare that to the houses in behind brentwood who will see big spikes in price as the areas around them are slowly densified.

Bottom line: If you just want a condo to live in, by all means buy in brentwood. Otherwise buy a house, or save up a little more to buy a house, your ROI will be way bigger in 10 years.

[Tapioca]

Originally Posted by meme405

Condo's as an investment suck, they wont appreciate anything like a detached home. The only exception to this is Downtown Vancouver.

Think about it, if the demand continues for condos around brentwood enough that the values start to rise, developers will just build more towers across the street. There is the land available to do this. Therefore price increases will be marginal for TH and condos.

Whereas compare that to the houses in behind brentwood who will see big spikes in price as the areas around them are slowly densified.

Bottom line: If you just want a condo to live in, by all means buy in brentwood. Otherwise buy a house, or save up a little more to buy a house, your ROI will be way bigger in 10 years.

It's really hard to know what the market will be like in 10 years time.

I used to think the same thing as you about Brentwood. Values for 2-bedroom units hovered between 360-400K for many years, then in the last 6 months, the same units are now going for close to 550K. I was an owner in this community for 9 years. I would have never expected the appreciation I got over this time considering the amount of land that is available to be rezoned.

The one thing about Brentwood that was underappreciated for a long time is the location. You don't get easy access to Skytrain and the highway in many locations in Metro Vancouver.

[soymilk]

Prices for Navio at The Creek. Looking at $1000-1050 sq/ft.

[meme405]

Originally Posted by Tapioca

It's really hard to know what the market will be like in 10 years time.

I used to think the same thing as you about Brentwood. Values for 2-bedroom units hovered between 360-400K for many years, then in the last 6 months, the same units are now going for close to 550K. I was an owner in this community for 9 years. I would have never expected the appreciation I got over this time considering the amount of land that is available to be rezoned.

The one thing about Brentwood that was underappreciated for a long time is the location. You don't get easy access to Skytrain and the highway in many locations in Metro Vancouver.

I agree hard to know. But all the historical data, would point to a detached house in any area which is still undergoing densification will be a much better investment than any condo. And in the event of a slow in the market, houses will hold their value way better than any condo, and bounce back much quicker.

[IGTBAR]

.

[Mr.C]

Originally Posted by IGTBAR

Here's a question - considering how crazy the market is, would any of you sell a 1 bedroom condo in Burnaby now, and eat the approx $8k cost of early mortgage repayment penalty? Or wait it out?

Depends on what profit you're looking at, obviously.

[Gululu]

Originally Posted by meme405

I agree hard to know. But all the historical data, would point to a detached house in any area which is still undergoing densification will be a much better investment than any condo. And in the event of a slow in the market, houses will hold their value way better than any condo, and bounce back much quicker.

easier said than done. for young people condo is the only way to get into the market.

7280 15th Avenue, Burnaby, BC, House For Sale | REW.ca

7280 15th Avenue, Burnaby

listed for 2,888,000
assessed for 1,175,000
almost 150% over assessed

[Hondaracer]

this talk of "why buy a condo as an investment when a house will appreciate X times more"

whats a detached house going for in Brentwood area? 1.2+? lol

little different than a 400k condo

[Gululu]

in my opinion, the people that voted No during the last transit plebiscite are to be blamed for contributing to the unaffordability. IF broadway line get build, vancouver westside prices will fall. If westside price falls, then everywhere else will fall even faster.

[IGTBAR]

.

[SumAznGuy]

Originally Posted by IGTBAR

About 80k before realtor and penalty fees.

Is it your primary residence?
If not, it makes the decision easier.

[G]

You better have something lined up to buy after. Its a scarce market right now in the Brentwood Park neighborhood.