Vancouver's Real Estate Market

[underscore]

Originally Posted by supafamous

I think that's a short term problem though - these larger forms of housing are inevitable and in Burnaby the transition is going to be more painful b/c of how much they resisted even basic upgrades in zoning. At least in Vancouver we gradually went from 1 story to 2 story to 2.5 story to 3 stories and now 4 so the neighbourhoods gradually evolved - you get a 80's Van special next to a 2.5 story 90's Van special next to a 3 story duplex etc. It looks pretty natural and nothing looms over anyone too much.

Burnaby FAFO with zoning - they ignored basic housing needs for decades and eventually the province dropped the hammer on them (along with all cities) and now they'll go from 1 story buildings to 4 stories (they've since rolled it back to just 3 stories). I have little sympathy for Burnaby's situation - they should have been doing what Vancouver did instead of dragging their feet on everything from legal suites to duplexes to incremental increases in density each decade.

Yeah the ones here look like that shot from Burnaby. We've got 3+ stories and multiple units built on one lot right to the property lines with no parking, next to ranchers on either side. Most of them having no yard and not enough parking really sucks to see but the city lets developers do whatever dumb shit they want right now, including blowing way past height limit bylaws.

[supafamous]

https://vancouversun.com/opinion/col...m_medium=email

Snippet:

Should it be easier to open daycares?

If you ask Sophie Ngo, a Vancouver mother of two, the answer is easy.

Ngo and her husband, both finance professionals, work from home but still have a long daily commute. Every morning, her husband drives their two-year-old son to a daycare in Richmond — the only place they could find a spot — then brings their four-year-old son to another in Vancouver’s Cambie Village, then returns to their home in Marpole. At the end of each work day, Ngo traces the same path to retrieve both kids. It’s about 90 minutes each way.

“It’s three hours per day, just driving,” Ngo said. “I don’t know why it’s so hard.”

...

On Wednesday, William Azaroff, who is seeking OneCity’s nomination to run for mayor of Vancouver this year, is to release his first policy commitment: a proposal to change bylaws so child care facilities are allowed “as-of-right” in all residential and commercial areas, as long as they comply with health and safety regulations.

In much of the city, child care is a “conditional” use, meaning permits are issued at the discretion of city staff. In practice, Azaroff says, this means daycare spaces can be rejected for several reasons — including neighbourhood opposition — and that uncertainty likely discourages an unknown number of prospective operators from ever applying.

It's crazy to me (and sad) how much we restrict what can be built in the city - that even necessities like daycares are considered a "conditional" use. That'd be like saying schools are conditional use and that residents can oppose a school being in their area because it'd create traffic (YOU are the traffic mate!). The same goes for basic retail in residential areas - why make people get into their cars to drive somewhere for coffee or milk? Allow basic retail in residential areas so people can walk and we all get less traffic.

[unit]

nimbys.

"it doesn't fit the area"
"too much extra traffic"
"it will drop my property value"

[EvoFire]

Nimbys.

There was a family that was trying to start a daycare in the Douglas Park area (between Cambie/Oak and in the teens). The neighhbours blocked it from happening saying the kids playing the yard would be too loud during the day. You live next to Douglas Park FFS.

You can't make this shit up.

[winson604]

Originally Posted by supafamous

https://vancouversun.com/opinion/col...m_medium=email

Snippet:


It's crazy to me (and sad) how much we restrict what can be built in the city - that even necessities like daycares are considered a "conditional" use. That'd be like saying schools are conditional use and that residents can oppose a school being in their area because it'd create traffic (YOU are the traffic mate!). The same goes for basic retail in residential areas - why make people get into their cars to drive somewhere for coffee or milk? Allow basic retail in residential areas so people can walk and we all get less traffic.

Just look at the yet to be Olympic Village school. Man what a shit show. We need a school to serve the growing demand of the area, wait what it means our park is smaller then fuck no, wait it's too tall, fuck the kids. I work down the street and have been since 2009. I've literally witnessed the construction of the entire village from start to current state. That school should have been up and running for years but nope still fighting. Like just step in and build the damn school already.

[Harvey Specter]

.......

While homes sales have slowed in B.C.’s Lower Mainland, real estate agent Jaden Narduzzi is celebrating a personal win—after selling a property for $800,000 above asking price.

The Port Moody home listed by Narduzzi and business partner Jordon Sutton sold for $3.79 million on Dec. 8, 11 days after being listed for $2.99 million.

“It was pretty remarkable,” Narduzzi said. “Not many homes are going for $800,000 over asking price in this market.”

The 4,819-square-foot home at 8 Creekstone Pl. has four bedrooms and six bathrooms, plus extras that include a fire pit and golf simulator.

Narduzzi acknowledged the asking price was lower than would be expected for the property, which was built in 2020, making it a relatively new home for the area. The previous owners were hoping for a quick sale, he said.

“Our clients had mentioned to us that they wanted it sold before Christmas,” he said. “Obviously a lot of people don’t want to deal with these things during the holidays, so we had a short timeline.”

The listing generated a lot of buzz, Narduzzi said, with approximately 40 people visiting the home between the listing date of Nov. 27 and the offer date.

While the real estate agent said he expected the sale price to exceed asking, he was still “quite shocked” by just how high it went.

“It’s been the talk of the town in Port Moody,” Narduzzi said. “We’ve got a lot of neighbours calling.”

It also marked the highest sale price ever recorded in the city’s Heritage Mountain area, according to Narduzzi, who cited multiple listing service data.

The previous record of $3.26 million was set last February.

Home sales across the region were lower than they’ve been in decades last year, according to data from Greater Vancouver Realtors and the Fraser Valley Real Estate Board.

https://www.ctvnews.ca/vancouver/art...-asking-price/

[Badhobz]

which money laundering retard would pay 800k over asking? nevermind. i know its one of ours.

[bcrdukes]

Must be that Harvey Specter guy.

[Harvey Specter]

Originally Posted by bcrdukes

Must be that Harvey Specter guy.