10 offers on a random place in NV money though?? That's pretty whack if that many people with that much $ all collectively believe there's going to be some massive interest rate drop lol

I believe it. Not necessarily a huge interest rate drop, but to expect it to gradually come down by 2% over the next 2-3 years. That would be enough to kick the market up to high gear. Once you think about making a move then it's already too late.

Maybe we won't see the craziness seen back in 2021, but SFH prices were going up close to 100k/m for a few months on desirable properties, which was insanity

Supply and demand, with all the multi unit bs they are planning, it will just drive up land value, less and less detached land left = $$$$

Immigration, lack of supply, stable interest rate, generational wealth

GG if you don’t already own. Bury yourself to get a roof over your head.

A couple condo's I'd buy if I move back to Van haven't moved in price at all.
I don't think the upper middle class buyer for 1.5M in west end exists

https://www.realtor.ca/real-estate/2...reet-vancouver
https://www.realtor.ca/real-estate/2...reet-vancouver
https://www.realtor.ca/real-estate/2...reet-vancouver

I wouldn't expect a bunch of 1.3-1.6M 2 bedroom condos to have moved, no.

not enough supply in north van :concentrate:

new builds are 3mil + and everyone willing to put up with a craftsman is buying the land and not the house

not sure about dt living but that view is amazing. hopefully no one is allowed to build in front of it to block it in the future...

ugh for that kinda money, i rather buy an EV and go live out in ladner. This looks like a hamster cage. that little deck on the first listing offers no privacy with wackos look in 360 around you.

5 mins from Stanley Park for Tennis / Cycling kinda key
15-20 walk from Japanese food/Equinox and 15-20 from Cypress also big
as is throwing pre-games/cocktail hours for peeps after work

I heard? the sketch got worse but tbh I was dancing on Granville peak pandemic when they converted a buncha hotels to shelters and all the businesses were closed ��$♂️

I really liked this one - listed 1.7 a year or two ago. Has a huge backyard space not in the video.
https://static.youlive.ca/_static/bu...ture-bcV9.jpeg

The value proposition for a 1m+ condo isn't there. The hot thing right now is SFH or Duplex. Anything that has actual land tied onto it.

Like it’s obviously not the same market but I follow a couple chilliwack realtors on IG and you can get a pretty nice, newer home, in chilliwack with a decent sized lot for 1.2

Even as an investment I feel like I’d rather buy the house and rent it out than a condo downtown. Downtown feeling more and more grubby every time I’m there.

For 1.7 you can buy a 7 acre winery estate:

https://www.forsalebyowner.ca/listin...-bay-BC/292666

Much more my speed. Good separation from neighbours.

Have you guys looked at the strata fees, strata fees on a $1.6m condo, insurance + cov taxes :heckno:

Probably looking at 10-15k a year min

especially for those th stratas that are attached to condos... those are like $1000/mo even in the burbs.

two questions i tell people. 1) gotta find a role allowing you to be that far.
You're not going to have that many jobs to help you sustain 1.2 M mortgage without the corp dollars to pay your mortgages.

2) HR policies. JUST be very careful, during internviews, it's specific now, you have to commit to 3 days a week in office which is killing people who migrated during COVID.

yeah I poke at my friends a lot. 1.6M condo, you're paying 8k in mortgage payments (that's more than someone's net income for households). That's assuming you don't eat, sleep, or fill for gas. Pure mortgage payments.
This is why i keep my mouth south when it comes to housing fees. Don't complain about how expensive your tires / oil change fees are when you're driving a G32 AMG or a lambo... first world problems....
Not saying it's you, some can't even afford an apartment - always a humbling chat.

Lol. Post pandemic, my company implemented a 3-day in office requirement with monday as a mandatory "everyone in" day as one of those 3 days.

The catch is that there are many employees in the company who have been hired as 100% remote, so this policy does not apply to them. I have a counterpart in the interior (Vernon) who does the same job as me in his region, but he's 100% remote (His boss is in PG).

I'm techically under the "office" requirement, but I rarely make it three days a week in (even though I live only 1.5km away). It's not strictly enforced. We no longer report to our local branch but rather our business unit and so now my boss is in vancouver and I see him like once every few months, so it's not like he knows my daily whereabouts. And there is only one other employee in my business unit who also works out of the branch, and that's my former boss and he doesn't give a shit (half the time he's not in the office either lol). I also think that if they would know better than to confront me about it and upset someone who's 16 years in with the company and one of the top profit earners in the business unit over something so relatively trivial....

Maybe on Sunday at 3am, otherwise it's 1.5 hours lol.

Yeah, I get it. From practical and financial standpoint, getting a SFH or redevelopment is key. It's like having a Camry / 4Runner as a base before owning the unreliable Italian bop.

I like my lifestyle where my spot's the pre/post beach hangout, pre/post club spot, and a spot where I my friends' friends enjoy showing up for a relaxed and intimate cocktail hour or dinner.

Having a convenient spot downtown where the people I hangout with like to spend time, a balcony with a great view to be inspired by, etc. are all important to me.

FWIW my sister bought a presale 1BR at that Richmond Center development for 800k?
Paying 1.3ish for an extra bedroom that I could rent out and a roommate who's also building their own business/getting us invited to cool shit feels ok to me.

You are in a very different tax bracket and lifestyle approach at an age where you still go to a nightclub than anyone else here.

just do it .... .call me a late 20s frat bro ��
i'd be a lot less calculated if I had some family money lol but we earned this so we gotta ball on a reasonable budget

<~~~~ Mid life crisis mode right here.

Enjoy your youth my bro

Until you’re like 70 you’re young bro. Live it up

People who are considering buying anything in Vancouver as an investment right now are crazy.

My cousin just closed on the city of Lougheed one bedroom condo. He found a Persian couple to rent out his unit for $2,750 a month + renters insurance and utilities. And he's still losing $600 a month on it.

How tf anyone is paying that much for a rental is beyond me. He can easily afford the - $600 cash flow per month, but that's not an ideal investment.