I was holding out until this Spring to see what was going on with the market. I figured it would give a good idea of how the tax is working.

It was all going to plan, with higher end houses dropping, then semi detached... The low end is downright scary though. Average joe is taking this opportunity to jump in when they can. Here I am with a sack of cash, and no idea what to do with it. I'll just ignore it for a while. Maybe have to move to Iqaluit in the end. I hear it's nice up there. At least i'm actually banking my extra money from renting. So that's a bonus, as it's really hard to not buy a nice Euro M3 or an old E-Type Jag.

Yeah it's pretty fucked out there. I'm looking for a place in the 500k range but that seems to be in the area where lots of people are looking to spend.

It looks like the Greater Vancouver Board of Trade is trying to encourage policy makers to incentivize housing supply in the missing middle - townhouses, rowhouses, duplexes/triplexes, and purpose built rental housing that is family friendly. This is based on statistics that people in the 25-34 age bracket are leaving Metro Vancouver.

Here's a set of recommendations the board has come up with:

https://twitter.com/DowntownCharles/...135504384?s=09

My gf sent me this. Cheapest property ive seen in the area for a few years now.

https://www.rew.ca/properties/R21548...e-vancouver-bc

What will it sell for though.

It's sad when a 2 million dollar house looks like something I wouldn't even want to live in lol.

In other news - Concord is set to start market Park Boulevard for $650's/sq ft right at King George station. Watch it sell out...

With Concordes developments as least they feel higher end than a lot of the comparable shit out there. But that area is shit and will be for the foreseeable future.

Thay kits property is an odd size..not the full Vancouver special lot

Starting my search ....and depressing. :alone:

I wonder how the market will react if the NDP get in and implement a speculation tax?

I'd actually love to live in that house for the 320k that it should be.

Victoria council seeking 15 per cent tax on foreign buyers
The Canadian Press
Published Saturday, April 22, 2017 5:03PM PDT

Victoria council seeking 15 per cent tax on foreign buyers | CTV Vancouver Island News

https://www.ctvnews.ca/polopoly_fs/1..._620/image.jpg
(File photo) Council voted on Thursday to ask the province to impose a tax immediately to curb speculative property purchases by non-residents.

Victoria city council is calling on the province to implement a foreign homebuyer tax for the region, similar to one installed in Metro Vancouver last year.
Council voted on Thursday to ask the province to impose a tax immediately to curb speculative property purchases by non-residents.
Councillor Jeremy Loveday says the city is facing a housing crisis, and with costs escalating, the dream of home ownership is getting out of people's reach.
He says a 15 per cent tax on homes purchased by foreign buyers will help ensure prices remain affordable for local residents.

i get the sentiment, but this is still Vancouver, not Waco Texas

Been looking at my options for a while now since we are outgrowing our current space, and the only realistic shot at home ownership that I see now is to invite the MIL to live with us and move into a bigger space together. :badpokerface:

Oh gosh... no... :tears:

Yeah, there that piece of shit house would be like 40k

Just went to a few open houses today in Richmond, same typical bullshit. Right beside the feature sheet, the realtors had a stack of sheets listing the assessment price and the asking price was lower of course to start a bidding war.

Wife and myself went to one close to the school my son wanted to go to and although they didn't do that it was priced to start a bidding war for sure. We were there 10 minutes and the place was slammed with people.

I've been hearing it's slowed down but that's not what I'm seeing, we took a drive around the neighborhood after and every single home we seen with a For Sale sign also had a sold sticker on it.

Media talks about slow downs. Any half decent realtor would tell you otherwise.

The media is fixated on detached houses in the City of Vancouver.

Anything under a million dollars that is half decent is moving. Townhouses in my neck of the woods are selling in less than a week. Condos are also moving fast. Any house that is 1.2 million and under is also selling, albeit in about 2-3 weeks.

I know how you feel

Just about every listing my realtor sends me is of a place with a listing price way below market value. 90% of them only allow viewings on weekends or at an open house and will only accept offers 2 weeks later. Gives people plenty of time to get the most amount of views possible with lots of attraction from the price. Half the ones I look at are sent to me when they go up so I'll ask my realtor to set up something for tomorrow after I'm off work. I'll get a call or text from him a few hours prior to going there saying they've already an accepted offer. I'll look back at the listing a while later to see what the sell price was and some of them are 30k+ on a small 650sq ft apt in Langley or Maple Ridge. I'm not even able to view half the ones I'd like to see. They've got accepted offers within 24 hours.

Was talking with my girlfriend today and she was mentioning that one of her co workers has a kid and her fiancee has 2 kids. They're getting married in the next few months and they've been desperately looking for a larger place to live for a while now. They'd like to buy but can't, and they'd be happy to rent but finding a place that's able to hold a family of 5 is seemingly impossible.


I don't know how some people do it...

Was viewing a listing that was originally for $368K and right on the day of the showing had changed the price to $499,900. It was for a 2 yr old 594sq ft unit in New West. :rukidding:

Lol $830/sq ft, ouch

Sheiit, wonder what DT condos are going for now if that's what NW condos go for? Bought at $890/sq ft last year. Any anecdotes?

It didn't help people wanting to buy into New West that there was a series of press releases a couple of weeks ago that New West was going to be the next big thing. New West has been undervalued for nearly 20 years.

DT condos are easily over $1000 square foot now. Consider yourself lucky.

Kinda interesting.. kinda not i guess.. but my detached home in East Van would currently go for about $500 sq/ft if it sold for what i think it would