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-   -   Vancouver's Real Estate Market (https://www.revscene.net/forums/674709-vancouvers-real-estate-market.html)

JDMDreams 01-10-2025 08:19 PM

I think the jobs aren't the ones that you want, probably Amazon delivery drivers, cashier at singhortons, probably also seasonal due to Christmas bump.

HonestTea 01-10-2025 10:32 PM

Quote:

Originally Posted by winson604 (Post 9160997)
The job sector has definitely changed 100%. In the past I've had no problem gaining interest when I post for openings where I work. Generally applicants in the hundreds and after pre screen, skills testing, and 1st interviews I'm usually left with about 40 who make it to the end and I can get 8-10 people or 1 hired out of 3/4 interviews. Since COVID that number has gone down yearly considerably the number of applicants have gone from a few hundred to barely 100 and in the end I'm barely able to get 4 or 5 people. Gig ain't bad, Government job just over $30/hr to start but no work from home, at least not right off the bat. I think that pretty much kills it right there.

It might be different because I'm in tech but it seems like there are so many people looking for jobs, it's insane. So many big organizations doing layoffs and "re-org's", so I do find it surprising that you aren't getting as many candidates as before.

I've seen tech jobs gets hundreds of resumes within a few hours of being posted on LinkedIn. I still think there's a huge supply of laid off workers vs. demand, but very strange for your postings.

The trick is to work for a international company without an office in Vancouver (but you also aren't getting FAANG salaries) if you want remote.

EvoFire 01-11-2025 08:24 AM

Tech is probably of the only industry doing extremely poorly at the moment I think. The other is probably retail.

The effective breaking of the TFW train might make a difference. We haven't gone shopping in a long time and went for the first time this week cause we managed to shed the kids. Walked into RW&Co and it was Indian TFWs the whole way. Metrotown lost a few pretty prominent stores.

With Trump coming in and "being tough" on immigration, we'll see what happens in the states as well. Tech is driven a lot by visa workers in the states, and if those don't get renewed we might see a surge in replacement hiring.

CivicBlues 01-11-2025 10:26 AM

A couple weeks ago President Elon and another Trump lackey Vivek Rama-smarmy had a whole controversy when said he was in favour of H1Bs visas - implication that Americans were lazy, Indians not. I don't think Trump is gives a shit either way but he knows who his masters are.

Of course days later he pulls the "let's invade Canada and Greenland" schtick conveniently out of nowhere to divert attention.

Nothing to see here folks, nothing to see here.

mikemhg 01-11-2025 03:13 PM

Vote in conservative billionaires under the pretense of putting "Americans first", win and immediately pivot to the predicable support of importing cheap labor from abroad.

Leopards are eating my face!

underscore 01-11-2025 05:33 PM

But they weren't supposed to eat my face!

winson604 01-12-2025 08:57 AM

Quote:

Originally Posted by HonestTea (Post 9161090)
It might be different because I'm in tech but it seems like there are so many people looking for jobs, it's insane. So many big organizations doing layoffs and "re-org's", so I do find it surprising that you aren't getting as many candidates as before.

I've seen tech jobs gets hundreds of resumes within a few hours of being posted on LinkedIn. I still think there's a huge supply of laid off workers vs. demand, but very strange for your postings.

The trick is to work for a international company without an office in Vancouver (but you also aren't getting FAANG salaries) if you want remote.

It was truly mind boggling seeing the yearly numbers drop so hard. At first I was like ok we're still in the pandemic, people are scared to work in the office, some have opted to go back to school, some stopped working all together and moved back home perhaps etc This will pass then year after year it didn't change. To make things even worse if it wasn't already bad enough the quality of applicants overall were worse than before. Another thing I've noticed in the last 4-5 years is we've been seeing a lot more ghosting. I'm not even talking about ghosting after an application I'm talking about they've applied, exchange emails with us and spent the time to come in person to do a 90 min test, then ghost us.

EvoFire 01-12-2025 09:05 AM

Quote:

Originally Posted by winson604 (Post 9161209)
It was truly mind boggling seeing the yearly numbers drop so hard. At first I was like ok we're still in the pandemic, people are scared to work in the office, some have opted to go back to school, some stopped working all together and moved back home perhaps etc This will pass then year after year it didn't change. To make things even worse if it wasn't already bad enough the quality of applicants overall were worse than before. Another thing I've noticed in the last 4-5 years is we've been seeing a lot more ghosting. I'm not even talking about ghosting after an application I'm talking about they've applied, exchange emails with us and spent the time to come in person to do a 90 min test, then ghost us.

Now I'm curious, what industry are you in?

For what role are you hiring for?

CivicBlues 01-12-2025 10:01 AM

Quote:

Originally Posted by winson604 (Post 9161209)
It was truly mind boggling seeing the yearly numbers drop so hard. At first I was like ok we're still in the pandemic, people are scared to work in the office, some have opted to go back to school, some stopped working all together and moved back home perhaps etc This will pass then year after year it didn't change. To make things even worse if it wasn't already bad enough the quality of applicants overall were worse than before. Another thing I've noticed in the last 4-5 years is we've been seeing a lot more ghosting. I'm not even talking about ghosting after an application I'm talking about they've applied, exchange emails with us and spent the time to come in person to do a 90 min test, then ghost us.


Are you from Rand McNally? Where hamburgers eat people and you wear hats on your feet?

Because you're describing exactly what employers are doing to applicants these days.

GS8 01-12-2025 10:35 AM

Quote:

Originally Posted by CivicBlues (Post 9161131)
A couple weeks ago President Elon and another Trump lackey Vivek Rama-smarmy had a whole controversy when said he was in favour of H1Bs visas - implication that Americans were lazy, Indians not. I don't think Trump is gives a shit either way but he knows who his masters are.

Of course days later he pulls the "let's invade Canada and Greenland" schtick conveniently out of nowhere to divert attention.

Nothing to see here folks, nothing to see here.

Ramaswampy is a perfect example of what happens when an Indian scammer goes completely unchecked.

But because of his wealth and admittedly, his mic skills, he won't ever be held to the ceremonial fire. Developed a failed Alzheimer's drug with apparent intentions to pump and dump the stock.

An absolute ghee covered swamp creature that Trump supposedly didn't want in his political sphere in 2016. Look where we are now 4Head

carsncars 01-12-2025 08:48 PM

Looking at some listings and... wtf who does floors like this

https://i.imgur.com/v23nYZz.jpeg

jing 01-12-2025 08:58 PM

The wallpaper ain't doing the place any favour either

PeanutButter 01-13-2025 08:25 AM

Wow, that floor has to be top 10 greatest worst floor staggers of all time.

Hondaracer 01-13-2025 08:30 AM

If those are laminate or even engineered that isn’t even installed to spec, typically need min 6” separation between joints

If it’s those hardwood looking tiles it would be ok, but if that shit ever got water damaged etc. you’d likely end up pulling up the majority of the floor

sonick 01-13-2025 08:37 AM

When u want your house to look like you're in Interstellar when going thru the wormhole

Manic! 01-13-2025 09:36 AM

People are doing similar builds in Nanaimo. Taking an old house and putting a 4 plex on it.


EvoFire 01-13-2025 09:38 AM

I have a feeling they probably meant for the stagger to look like that.

inb4 that becomes a trend

Eff-1 01-13-2025 01:24 PM

We are renewing at the end of the month and here's what we're looking at right now. TD or Coast Capital.

5 YEAR VARIABLE

TD - 4.89%

CC - 4.79%

3 YEAR FIXED

4.39% (both)

5 YEAR FIXED

4.24% (both)

EvoFire 01-13-2025 01:31 PM

I'm shopping for rates too, thinking of breaking my term early depending on how much the penalty is.

supafamous 01-13-2025 01:33 PM

The market sure has flattened out - 3.5 years ago I was bidding $1.6m for lots like this and losing them. Now this one just sold for $1.675m.

https://www.zealty.ca/mls-R2918205/3...-Vancouver-BC/

Meanwhile the time capsule next to my parents is still for sale at $1.728m while a teardown behind them sold for $1.655m

https://www.zealty.ca/mls-R2914683/2...-Vancouver-BC/

supafamous 01-13-2025 01:38 PM

Quote:

Originally Posted by Eff-1 (Post 9161434)
We are renewing at the end of the month and here's what we're looking at right now. TD or Coast Capital.

5 YEAR VARIABLE

TD - 4.89%

CC - 4.79%

Their posted variable is 4.54%, how come you were quoted so high?

Are you with Wealthsimple? I've heard folks having good luck with their mortgage partner, Pine.

Eff-1 01-13-2025 02:20 PM

Quote:

Originally Posted by supafamous (Post 9161441)
Their posted variable is 4.54%, how come you were quoted so high?

Are you with Wealthsimple? I've heard folks having good luck with their mortgage partner, Pine.

I think you mean 5.45?

https://www.coastcapitalsavings.com/...s-posted-rates

GLOW 01-13-2025 02:35 PM

Quote:

Originally Posted by Eff-1 (Post 9161434)
We are renewing at the end of the month and here's what we're looking at right now. TD or Coast Capital.

5 YEAR VARIABLE

TD - 4.89%

CC - 4.79%

3 YEAR FIXED

4.39% (both)

5 YEAR FIXED

4.24% (both)

interested in this too. i assume a 3 year is the best route to go? dang, for some reason i was hoping it would be closer to 4% or just under :okay:

immorality 01-13-2025 03:11 PM

Quote:

Originally Posted by Eff-1 (Post 9161434)
We are renewing at the end of the month and here's what we're looking at right now. TD or Coast Capital.
3 YEAR FIXED

4.39% (both))

I remortgaged with TD for Oct.1 of this year and got 4.34% (3yr fixed), and there's been a 1% BOC rate cut since then (4.25% when I signed, 3.25% now).

jing 01-13-2025 03:26 PM

Seen as low as 3.99% recently but dragged my feet and was sfuck renewing with TD to kickoff 2025 with a 4.33% 3yr fixed


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