Vancouver's Real Estate Market

[multicartual]

I used to live at 60th and Victoria over a decade ago, that neighborhood was full of gangs and dickheads

Going to the 7-11 on 50th and Victoria at night was dangerous, got my ass kicked twice!

Maybe it's cleaned up now but the neighborhood doesn't exactly look very nice. A lot of dumpy houses, shitty cars, and not exactly very good to walk anywhere. Any bike lanes nearby?

I'd say 3 million is... fucking insane for that place!!!

[Traum]

The North Arm Trail Greenway (bike lane + pedestrian walkway) cuts right through that area. The intersection and area immediately next to the said 7-11 is a bit ghetto, but the houses that are hidden on the side streets are supposed to be quite nice.

But still... not $3M nice.

[Spoon]

Originally Posted by multicartual

I used to live at 60th and Victoria over a decade ago, that neighborhood was full of gangs and dickheads

Going to the 7-11 on 50th and Victoria at night was dangerous, got my ass kicked twice!

Maybe it's cleaned up now but the neighborhood doesn't exactly look very nice. A lot of dumpy houses, shitty cars, and not exactly very good to walk anywhere. Any bike lanes nearby?

I'd say 3 million is... fucking insane for that place!!!

Lived in that neighborhood for about 15 years and I don't have nearly the same experience. We just sold our place last year and honestly, while the area's been great early on, the last five or so years has been horrible.

With real estate prices skyrocketing, all the new comers now need (illegal) rental suites to afford their homes. Parking's been horrific because tenants across the street are parking in front of our lawn. More people just contributes to more problems (hit and run being one of them, and I was almost a victim once).

GL on the $3m price tag. That house better be decked out with 24karat gold bath tubs or something. Our land size was slightly smaller but with an older house of course (around 25-30yrs) and we sold for roughly half that. Newer houses around the same size are selling under 2M.

[Gumby]

That can't be the right price... I can see it asking for just over $2M.

The land itself is assessed at $1M. There's no way the price of the house + "markup" is another $2M.

That house looks totally overbuilt for that neighbourhood. It sticks out in a bad way.

[Harvey Specter]

Originally Posted by multicartual

I used to live at 60th and Victoria over a decade ago, that neighborhood was full of gangs and dickheads

Going to the 7-11 on 50th and Victoria at night was dangerous, got my ass kicked twice!

Maybe it's cleaned up now but the neighborhood doesn't exactly look very nice. A lot of dumpy houses, shitty cars, and not exactly very good to walk anywhere. Any bike lanes nearby?

I'd say 3 million is... fucking insane for that place!!!

This area is further down. Fraserview drive area is nice and lined with some nice homes. Plus they're view lots and some of the homes have pretty amazing views of Richmond. Not West Vancouver type view lots but still nice.

[ImportPsycho]

Originally Posted by NKC ONE

So guys I'm still having difficulties finding a place to rent in Richmond. I've looked at CL and asked some agents but no luck so far. Could someone PM me if they have a better way to find what I need. Would be very helpful to me.

Basic requirements:
-Townhouse or house
-Will allow 3 (very well mannered) Huskies
-2 car (side by side) garage
-In Richmond
-Has fenced backyard
-Budget under $3500
-Can start renting anytime

Will put down a higher pet deposit and prepay 6mths rent in advanced if need be. Will write an agreement to repair/replace anything that is damaged by the dogs ie grass, carpet etc. Price really isn't an issue, just need to find the right place for my family to live till we find a right place to buy. Will rent for roughly 2-5 years to wait for market correction, currency fluctuations, and teardown/building time.

where ever you go, stay the hell away from the area between Cambie and Alderbridge, west to Shell road.

how this area is even approved for residential, I have no clue.
Giant planes landing every 15min, all the way to 1am~2am.
when a planes fly over your house, with windows open, you cannot hear what the person sitting next to you is saying.
Summer time, you better have AC, cuz you cannot open windows.

there are couple of low rise condos going up near new Walmart, I feel bad for ppl who bought it.
good thing i'm only renting, you can bet i'll be GTFO there as soon as rent is up.

[Spoon]

if they land every 15mins, how could you not know what you were getting into

[sonick]

Originally Posted by ImportPsycho

where ever you go, stay the hell away from the area between Cambie and Alderbridge, west to Shell road.

how this area is even approved for residential, I have no clue.
Giant planes landing every 15min, all the way to 1am~2am.
when a planes fly over your house, with windows open, you cannot hear what the person sitting next to you is saying.
Summer time, you better have AC, cuz you cannot open windows.

there are couple of low rise condos going up near new Walmart, I feel bad for ppl who bought it.
good thing i'm only renting, you can bet i'll be GTFO there as soon as rent is up.

This is totally exaggerated. I lived at the #4 and Cambie area for two decades and had no issue. There are airplanes yes but really but after a few months you barely notice it. It is jarring for those who are not used to it hearing it for the first time though.

[4444]

Originally Posted by Gumby

That can't be the right price... I can see it asking for just over $2M.

The land itself is assessed at $1M. There's no way the price of the house + "markup" is another $2M.

That house looks totally overbuilt for that neighbourhood. It sticks out in a bad way.

Welcome to the new Canadian dream

Did anyone read about that leaked gov document that basically said that Canada is fucking itself over with its economy? Something like that, I'll try to find the link a little later.

edit:
from http://vancouvercondo.info/
take with a grain of salt, as with all media

The middle class is doomed.

You may have heard of that internal Conservative Government report on the middle class prepared by Employment and Social Development Canada even though it was never released.

The Canadian Press used the Access to Information Act to get a copy and it’s mostly remarkable due to some of its blunt take-aways:

“The market does not reward middle-income families so well,” says the report. “As a result, they get an increasingly smaller share of the earnings pie” compared with higher-income families.

The report also refers to debt, saying “many in the middle spend more than they earn, mortgaging their future to sustain their current consumption.”

“Over the medium term, middle-income Canadians are unlikely to move to higher income brackets, i.e., the ‘Canadian dream’ is a myth more than a reality.”

Well it turns out that there’s another way to look at the same data, as Finance Canada has just done.

“Their analysis arrives at conclusions — namely that middle-income families have stagnant wages, are unlikely to move to higher income groups, and are increasingly indebted — which appear to conflict with the general message in Budget 2014 and previous internal briefings,” says an accompanying briefing note for Oliver.

The new report points out that moving from single earner to double earner households as more women have joined the workforce has acted to keep the middle class afloat.

The Finance Canada report estimates about 70 per cent of the increase in middle-class household incomes since the mid-1990s can be attributed to higher workforce participation rates, primarily by women workers.

“There is no second wave of women, spouses, entering the workforce,” said New Democrat MP Nathan Cullen, the opposition’s finance critic.

Of course the MP is being overly pessimistic without cause, there’s an obvious next wave of income for households and it doesn’t require polygamy.

The children are our future.

It’s time for Canada to get in line with global economic trends and fully utilize the productivity of the available workforce. We have a large population of potential workers that remain untapped.

Instead of wasting tax dollars and time in school, children could be gaining valuable experience cleaning homes, mining coal or any number of other jobs to help support the household. Lets not squander this bright future opportunity, let’s put the kids to work!

[rgaishadah]

This city blows anyways.

[4444]

Originally Posted by rgaishadah

This city blows anyways.

if you dislike it, do something about it.

i can complain about vancouver as i did something about it and moved

[NKC ONE]

And I had to move somewhere else to appreciate how great Vancouver really is.

[ImportPsycho]

Originally Posted by sonick

This is totally exaggerated. I lived at the #4 and Cambie area for two decades and had no issue. There are airplanes yes but really but after a few months you barely notice it. It is jarring for those who are not used to it hearing it for the first time though.

Ive been here since Jan this year, not gonna get used this

Rbc - YouTube

Maybe not so much your area...
This is just out side my door at 11pm
Located between 4 and gardencity
This one is considered not the worst, plane wasnt big one
Probably 737.
When i say big, i dont mean 747 big, i mean 767 two engine big and loud enough to drive me nuts.


I dont know how anyone can put up with this much noise every 15-30mn at night.
After 12ish when passinger lines stop, then comes the fedex and DHLs throughout 1am 2am.
Not as frequently but still....

[Gululu]

[4444]

Last thing I'd want is to live in a construction zone in building 1 as buildings 2, 3, 4 etc go up.

Most ppl won't buy financial options or even equities as they say it's "rigged" or not a physical asset, so they buy real estate. But prebuild a are options contracts the same as a call or put on aapl is.. We live in a dangerous financial world for the financially undereducated

[Spoon]

There's several condo buildings being built around the Brentwood area already. Hard to imagine people will buy into it when they know that traffic in a few years will become unbearable.

[trip]

the traffic on lougheed is already terrible. few years ago i recall making a left onto lougheed from boundary. it took almost half an hour to get to willingdon

WTF WAS I THINKING????

[will068]

Originally Posted by ImportPsycho

Ive been here since Jan this year, not gonna get used this

Rbc - YouTube


Maybe not so much your area...
This is just out side my door at 11pm
Located between 4 and gardencity
This one is considered not the worst, plane wasnt big one
Probably 737.
When i say big, i dont mean 747 big, i mean 767 two engine big and loud enough to drive me nuts.


I dont know how anyone can put up with this much noise every 15-30mn at night.
After 12ish when passinger lines stop, then comes the fedex and DHLs throughout 1am 2am.
Not as frequently but still....

It has been a plane route since the early 90's. What do you expect ? If you think that's bad, go more north in the bridgeport area. That's why before the pre - olympic boom, no one wanted to live in your area. Notice how the houses in your city block that are being demolished are 40+ year old houses ? There's not much 20 year old houses in that garden city/ 4 road / alderbridge / cambie block. This means, it just was not a desirable place to live back then. That land is marshy as well. We had an old family friend that a had a house with a 10 degree tilt on their house.

[alphaspec1mens]

Originally Posted by Gululu

if you're ugly and short man, you may have to work 9-5 real hard to get it.

If you're stud, you can get a chick to purchase one for you

[alphaspec1mens]

Originally Posted by Spoon

There's several condo buildings being built around the Brentwood area already. Hard to imagine people will buy into it when they know that traffic in a few years will become unbearable.

it's much more cost-effective to rent a $500/month basement suite or live at home for free and still continuously bring in hot chicks

[GLOW]

Originally Posted by alphaspec1mens

it's much more cost-effective to rent a $500/month basement suite or live at home for free and still continuously bring in hot chicks

while making $25/hr?

[alphaspec1mens]

Originally Posted by GLOW

while making $25/hr?

force your gf/wife to go work 9-5

parent's have millions of cash sitting around and never needed to show gf chicks I had $

living at home and not purchasing saves tons of money

[GLOW]

you didn't just put a dog in a washing machine did you?

[m3thods]

Originally Posted by Spoon

There's several condo buildings being built around the Brentwood area already. Hard to imagine people will buy into it when they know that traffic in a few years will become unbearable.

Originally Posted by trip

the traffic on lougheed is already terrible. few years ago i recall making a left onto lougheed from boundary. it took almost half an hour to get to willingdon

WTF WAS I THINKING????

It's just about to get worse. It looks like there's going to be a new traffic light at Alpha St and Lougheed (just east of Willingdon). Couldn't planners just think to use the lower Skytrain station as a pedestrian overpass over Lougheed?

I live in the area and the increase in traffic lights in the area is a headache. The "old new" one just west of Willingdon (east of Rosser) to me seems so unnecessary. You're telling me that people living in Vantage or the West side of SOLO can't walk half a block to Willingdon/Rosser to cross the street? Driving Lougheed between Delta and Boundary is a nightmare nowadays. I'm all for creating a pedestrian-friendly area, but the new lights seems like overkill.

[Gumby]

Originally Posted by alphaspec1mens

force your gf/wife to go work 9-5

parent's have millions of cash sitting around and never needed to show gf chicks I had $

living at home and not purchasing saves tons of money

Can someone just ban this fucking idiot already?