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02-20-2026, 02:45 PM
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#38201 | | 屎忽鬼
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^this house is in my same neighbourhood and is a few years older than mine but yeah roughly stable prices. Havent really dropped too too much and buyers still want seafair area.
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02-20-2026, 03:50 PM
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#38202 | | RabidMod
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Just looked up the area and saw this. Dang, that's a cool looking house. 
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02-20-2026, 04:16 PM
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#38203 | | Los Bastardo owned my ass at least once
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Detached is not 2015/16 prices, far from it. We are probably just precovid levels right now, before shit went crazy. If you bought peak yeah you'll lose a little bit, mainly just the realtor fees.
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02-20-2026, 04:23 PM
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#38204 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
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Originally Posted by Fafine This is interesting, do you have any examples of the mentioned detach that is currently being sold for 15/16 prices?
Just curious on the type of house, year it was built and the price range of the houses you're referring to.
I found this one https://www.zealty.ca/property/BC/Ri...D-mls_R3052857
2016-Jan-11 Sold $2,260,000
2017-Jan-13 Sold $2,640,000
2026-Jan-07 Sold $2,680,000 | $2.7m and $12k/year property taxes in ditchmond.
how i feel after seeing that...i feel like this is directed to me  
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02-20-2026, 04:32 PM
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#38205 | | in the butt
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Glow needs a gofundme
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02-20-2026, 04:33 PM
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#38206 | | RS Veteran
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Originally Posted by RabidRat Just looked up the area and saw this. Dang, that's a cool looking house. | I wasn't sure if this was a Magic Eye picture or not.
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02-20-2026, 04:40 PM
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#38207 | | linguistic ninja
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Am I reading that listing right? Assessed at 3.1, sold for 2.6?
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02-20-2026, 04:46 PM
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#38208 | | 屎忽鬼
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Originally Posted by RabidRat Just looked up the area and saw this. Dang, that's a cool looking house. | Horribly built by cha lo. Weird design and shit finishing too.
Few houses down from facetroll. That itself is a huge detraction
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02-20-2026, 04:47 PM
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#38209 | | 屎忽鬼
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Originally Posted by GLOW $2.7m and $12k/year property taxes in ditchmond.
how i feel after seeing that...i feel like this is directed to me | If you’re in a 3 mill house that’s the going rate for property tax.
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02-20-2026, 05:18 PM
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#38210 | | My AFC gave me an ABS CEL code of LOL while at WOT!
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02-20-2026, 05:23 PM
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#38211 | | RabidMod
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Originally Posted by Badhobz Quote:
Originally Posted by GLOW $2.7m and $12k/year property taxes in ditchmond.
how i feel after seeing that...i feel like this is directed to me | If you’re in a 3 mill house that’s the going rate for property tax. | I thought you guys had crazy low property tax, like 0.18%. So shouldn't that be more like $5k/yr on a $3M house?
I'm still bitter about this. Property tax is 4x higher in Toronto, and almost 6x higher in the SF Bay Area lol.
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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02-20-2026, 05:31 PM
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#38212 | | Hypa owned my ass at least once
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What new ish build can you find that isn't built by mo lo cha?   Quote:
Originally Posted by Badhobz Horribly built by cha lo. Weird design and shit finishing too.
Few houses down from facetroll. That itself is a huge detraction | | |
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02-20-2026, 06:05 PM
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#38213 | | RS Veteran
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Just got my property tax bill. Gonna have to declare bankruptcy. 
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02-20-2026, 06:47 PM
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#38214 | | RabidMod
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Well don't forget to pay it via Canadian Tire so you get the credit card cashback!!
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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02-20-2026, 07:05 PM
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#38215 | | 屎忽鬼
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Originally Posted by JDMDreams What new ish build can you find that isn't built by mo lo cha? | It’s hard. Like 80% are cha lo. 15% Chinese and 5% “others”
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02-20-2026, 07:07 PM
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#38216 | | Need to Shave n Shower, but I CANT STOP POSTING ON RS
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Originally Posted by RabidRat Just looked up the area and saw this. Dang, that's a cool looking house. | It's going to be a pain to park in the garage. I don't think you are fitting 3 in there.
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02-20-2026, 07:08 PM
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#38217 | | Los Bastardo owned my ass at least once
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His and her's garage.
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02-20-2026, 07:25 PM
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#38218 | | RS has made me the bitter person i am today!
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you meant unit #1 and unit #2
look at the glass, they even framed for a fake wall
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02-20-2026, 09:18 PM
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#38219 | | 屎忽鬼
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That piece of shit house has been listed forever. Nobody in the right mind would buy it.
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02-20-2026, 10:03 PM
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#38220 | | I contribute to threads in the offtopic forum
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People crying that prices were too high, now they’re crying that it’s going down. People will never be satisfied.
Now is a good time to buy a starter condo IMO. Everyone waiting for the “crash” should get in
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02-20-2026, 10:11 PM
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#38221 | | Willing to sell body for a few minutes on RS
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There are reports that developers are holding back finished units, not wanting to flood the market and really see prices crash (not good for the overall industry). Does anyone in the real estate know if this is true?
I have a hard time believing that they would hold back as most developers would want any $$$.
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02-20-2026, 10:15 PM
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#38222 | | Los Bastardo owned my ass at least once
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I can see the big devs with money to back it holding back, but the small time ones would have to liquidate everything on hand.
It comes back down to how long can they hold, as it becomes the prisoners dilemma. If everyone holds the prices stay more stable, but one moves, then the whole thing comes falling down. If say Concord, Onni, Bosa, Westbank, et la have a verbal agreement, it might hold. It's not a true prisoners dilemma as the various devs can talk to each other.
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02-20-2026, 10:39 PM
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#38223 | | Diagonally parked in a parallel universe
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They cant drop prices on a new build - it’ll breach the financing agreement with the bank the funded the project. They can give incentives such as paying the gst or giving 2 year mortgages at 0%.
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02-20-2026, 10:48 PM
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#38224 | | Hypa owned my ass at least once
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Yes, they don't want to drop, it will tank the values of the whole building, resellers and the ones who bought presale will bitch even more. So everyone is fucked, then the bank won't lend as much due to lower value
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Yesterday, 08:15 AM
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#38225 | | Performance Moderator
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Originally Posted by Hehe Erh, the vid is about condos hence my feedback. I don’t think anyone in lower mainland is buying detached as first time buyer unless you are some old money or with some inheritance.
As a matter of fact, the reason why detached didn’t fell as much is because there’s less speculation than condos. We basically priced out speculations in detached market. | That's fine I didn't get that from your post at first, but I see what you mean.
I still stand behind what I said, the average person cannot buy a first home here even if it's a condo no matter what government programs and incentives exist.
The average salary range in Vancouver is $62,000-$69,000 a year. That means a massive amount of people are well under that and then you've got a smaller percentage over it and way way over it pulling the number up.
For sake of argument say $65,000 is an average income though. Current stress tests absolutely max out your mortgage ability at 3x hour income, so the most you can borrow is $195,000 and that's at a 20% downpayment. The most expensive place you can buy is about $230,000 and that's assuming you collected $40k+ of downpayment money somehow too.
You aren't buying a condo for $230,000 of maxed out savings/borrowing costs.
The only answers are to get money from family, live with someone else or move out of Vancouver. When people are saying you're out of touch that's what they mean -- it was possible when you and I were younger but it's not anymore. Not without familial wealth or extraordinary luck/fortune.
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