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06-04-2017, 03:21 AM
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#9926 | | I WANT MY 10 YEARS BACK FROM RS.net!
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my sister in law works in Asia, so her family has to rent the 1100sq ft (3 bedroom) apartment out near Oakridge for $3500 to avoid being taxed. I am surprised how crazy rent has gone up.
Assuming 1/3 of the family income goes to rent, someone should make well over 10k to afford rent.
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06-04-2017, 08:02 AM
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#9927 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
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Oakridge in Vancouver?
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06-04-2017, 10:11 AM
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#9928 | | Performance Moderator
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What does the amount of rent charged have to do with avoiding tax?
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06-04-2017, 10:20 AM
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#9929 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
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| Quote:
Originally Posted by 68style  What does the amount of rent charged have to do with avoiding tax? | Empty Homes Tax | City of Vancouver
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06-04-2017, 06:52 PM
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#9931 | | My homepage has been set to RS
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Ok guys,
To give you an idea of how carzy 1bd market is,
Here's some real numbers to you guys.
I was out there 'trying' to buy new 1bd condo.
Highgate
2102 7325 Arcola St
Esprit - 10yr old highrise built by Bosa
618sqf
Listed $419k sold for $480k
my offer was only 450k
Edmonds Station
403-7428 Byrenpark Walk
lowrise, 633sqf
Listed $409k, sold for $465
again.. I only offered $450
Burquitlam,
Uptown2 by bosa.
22nd floor 570sqf
Listed $448k, sold for $475 no subject.
I offered $488 subject to finance. but someone with no subject got the unit.
ppl started putting down no subject offers on 1bd condos now..
jesus....
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06-04-2017, 07:09 PM
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#9932 | | It's like going crazy when you're already nuts
Join Date: Aug 2005
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People were already throwing down no subject offers on 1br last year when I was looking. Ended up buying a place for below asking and with all subjects. No way I could afford those prices now.
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06-04-2017, 07:11 PM
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#9933 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2016 Location: Ricemond
Posts: 9,056
Thanked 10,514 Times in 3,765 Posts
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| Quote:
Originally Posted by Ohkun Ok guys,
To give you an idea of how carzy 1bd market is,
Here's some real numbers to you guys.
I was out there 'trying' to buy new 1bd condo.
Highgate
2102 7325 Arcola St
Esprit - 10yr old highrise built by Bosa
618sqf
Listed $419k sold for $480k
my offer was only 450k
Edmonds Station
403-7428 Byrenpark Walk
lowrise, 633sqf
Listed $409k, sold for $465
again.. I only offered $450
Burquitlam,
Uptown2 by bosa.
22nd floor 570sqf
Listed $448k, sold for $475 no subject.
I offered $488 subject to finance. but someone with no subject got the unit.
ppl started putting down no subject offers on 1bd condos now..
jesus.... | what the fuck..... i was going to get another 2 bedroom so i can slumlord some poor tenant but at these prices for even a 1 bedroom. holy crap.
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06-04-2017, 08:55 PM
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#9934 | | I contribute to threads in the offtopic forum
Join Date: Mar 2011 Location: Vancouver
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Yeah, no subject is kinda the currency now. My friend and his wife just bought a house in New West that's 70 years old and they did no subjects to get it. They sold their townhouse to someone who was also no subjects - it wasn't the highest offer but it was close enough to make it worthwhile.
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06-05-2017, 01:26 AM
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#9935 | | I HERP TO YOU DERP
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When you guys say sign off, do you mean to complete? Or is it another process whereby inexplicitly sign off on acceptance of the repairs of the defects I pointed out?
If I refuse to complete until the defects are up to my standards wouldn't that make me at risk of not fulfilling my end of the contract if they decide to wait out on those specified repairs/replacement?
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06-05-2017, 06:52 AM
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#9936 | | RS.net, helping ugly ppl have sex since 2001
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Looks like Toronto is cooling. Time to load up on 400k condos before the craziness happens in 6 months like us. Ha
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06-05-2017, 09:24 AM
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#9937 | | God of Unce
Join Date: May 2008 Location: ASOT
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Those prices. Fuck me. 
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UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! UNCE! | |
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06-05-2017, 10:57 AM
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#9938 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
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Originally Posted by Tapioca What's the difference in price between the pre-sale and the value of the condos you're bidding on? If the difference is small to nil, that pre-sale will cost you more once you factor in GST and the mortgage you will sign onto in 2 years. Interest rates have nowhere to go but up and in 2 years, you will most certainly pay at least 0.5% or more. That pre-sale condo will also likely be smaller than current units on the market and will be built and constructed more poorly than what you're looking at.
Another strategy you could employ is to buy a pre-sale at 15% down, then continue shopping for a better older unit. Keep 5%, apply for the BC HOME ownership program to bump up your own payment, and make an offer for an older unit you like. Assign the pre-sale to someone else before you have to complete the sale in 2 years and take the profit and pay off your BC HOME loan. Risky, but worth thinking about. | The difference isn't huge between the presale and a condo that is 5 to 10 years old. It is a similar price range for New West. You are correct, that once you add in GST and a potentially higher interest rate, it makes it more expensive than purchasing an older home. Problem is, with such low inventory, we haven't found much that we like over the past 4 months, and what we do like is snapped up for ridiculous amounts.
I suppose from my viewpoint, is it better to slightly overpay for a presale (due to GST) and get exactly the floorplan, location, and finishings that we want? Or just wait and see if further inventory comes down the line this summer/fall? It's a hard decision and nobody has a crystal ball.
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06-05-2017, 11:16 AM
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#9939 | | OMGWTFBBQ is a common word I say everyday
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Originally Posted by Liquid_o2 The difference isn't huge between the presale and a condo that is 5 to 10 years old. It is a similar price range for New West. You are correct, that once you add in GST and a potentially higher interest rate, it makes it more expensive than purchasing an older home. Problem is, with such low inventory, we haven't found much that we like over the past 4 months, and what we do like is snapped up for ridiculous amounts.
I suppose from my viewpoint, is it better to slightly overpay for a presale (due to GST) and get exactly the floorplan, location, and finishings that we want? Or just wait and see if further inventory comes down the line this summer/fall? It's a hard decision and nobody has a crystal ball. | There's going to be more new supply coming onto the market in the next 2 years. When that supply comes online that may provide relief on the demand for older units. However, you are foregoing 2 years of equity in a rock-bottom interest rate environment.
I don't think inventory will increase significantly over the next 12 months. If you don't have to move over the next 2 years, then get that presale unit and start adjusting your lifestyle now so you are prepared to pay a higher interest rate and higher strata fees (they always go up in the first 2 years as strata councils figure out how to maintain the property). At the end of the day, buy a home you will be happy in.
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06-05-2017, 11:25 AM
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#9940 | | Head of HR....have a seat on that couch
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Tapioca, how much did Klahanie sell for?
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Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad RSUV #7 | |
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06-05-2017, 11:25 AM
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#9941 | | Willing to sell a family member for a few minutes on RS
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Keep in mind so much of this supply is in control of the same builders. There's no question they build with the plan of releasing slightly less than the demand to keep prices high. The amount of land these developers own and haven't touched yet is staggering.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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06-05-2017, 11:41 AM
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#9942 | | OMGWTFBBQ is a common word I say everyday
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Originally Posted by fliptuner Tapioca, how much did Klahanie sell for? | Don't know (not a realtor, haha). But, I don't think anything sells in 4 days with a firm offer if it's not at least asking price.
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06-05-2017, 11:55 AM
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#9943 | | Head of HR....have a seat on that couch
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Ahh, I thought you were. Was expecting it to go high 4's.
__________________ feedback
Originally posted by v.b.
can we stop, my pussy hurts...
Originally posted by asian_XL
fliptuner, I am gonna grab ur dick and pee in your face, then rub shit all over my face...:lol
Originally posted by Fei-Ji
haha i can taste the cum in my mouth
Originally posted by FastAnna
when I was 13 I wanted to be a video hoe so bad RSUV #7 | |
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06-05-2017, 12:01 PM
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#9944 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
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The 2 bed unit on Fraser and E 16th just sold for $75,000 over asking. Two special assessments coming up in the next couple years as well, including roof, skylights, parking membrane, and paving the parkade entry.
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06-05-2017, 12:21 PM
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#9945 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
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Originally Posted by Liquid_o2 The 2 bed unit on Fraser and E 16th just sold for $75,000 over asking. Two special assessments coming up in the next couple years as well, including roof, skylights, parking membrane, and paving the parkade entry. | So, 625k? To be fair, Fraserhood is the next Main Street.
Looks to be a flat roof building. Parking membranes are routine and one of the things no one likes to talk about. Our old building had a fountain above the parkade. What a great idea that was, right? https://www.zolo.ca/burnaby-real-est...ax-street/1402
Check this one out. Last I heard, the strata was suing Onni for faulty windows. Worse case scenario, every owner forks over 10-15K for new windows.
Can't beat the location though. You want to be on the west side of Willingdon.
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06-05-2017, 01:02 PM
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#9946 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,160
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Originally Posted by Tapioca So, 625k? To be fair, Fraserhood is the next Main Street.
Looks to be a flat roof building. Parking membranes are routine and one of the things no one likes to talk about. Our old building had a fountain above the parkade. What a great idea that was, right? https://www.zolo.ca/burnaby-real-est...ax-street/1402
Check this one out. Last I heard, the strata was suing Onni for faulty windows. Worse case scenario, every owner forks over 10-15K for new windows.
Can't beat the location though. You want to be on the west side of Willingdon. | Yah. I live on Fraser now. I don't think you can call it the "next" Main Street, as there is already lots of coffee shops, restaurants, etc. It has already arrived and the prices fall accordingly with it. My question is what is the next Fraser Street?
One of the reasons we didn't even put in an offer on that unit is that it had an odd layout. No windows in the living area, only light you get is from the patio door which is angled towards a wall, and it faces north east. So it was really dark. Stays cool in the summer I suppose.
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06-05-2017, 04:24 PM
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#9947 | | RS has made me the bitter person i am today!
Join Date: Oct 2006 Location: YVR
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Originally Posted by Liquid_o2 The 2 bed unit on Fraser and E 16th just sold for $75,000 over asking. Two special assessments coming up in the next couple years as well, including roof, skylights, parking membrane, and paving the parkade entry. | Do you remember which one this was?
Speaking of offers my wife and I put in our offer subject free for our unit, 3 others were also subject free.
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06-05-2017, 04:54 PM
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#9948 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,160
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I believe the building is Vintage 16th or something along those lines.
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06-05-2017, 05:12 PM
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#9949 | | Banned (BBM)
Join Date: Sep 2009 Location: None
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Originally Posted by Ohkun Ok guys,
To give you an idea of how carzy 1bd market is,
Here's some real numbers to you guys.
I was out there 'trying' to buy new 1bd condo.
Highgate
2102 7325 Arcola St
Esprit - 10yr old highrise built by Bosa
618sqf
Listed $419k sold for $480k
my offer was only 450k
Edmonds Station
403-7428 Byrenpark Walk
lowrise, 633sqf
Listed $409k, sold for $465
again.. I only offered $450
Burquitlam,
Uptown2 by bosa.
22nd floor 570sqf
Listed $448k, sold for $475 no subject.
I offered $488 subject to finance. but someone with no subject got the unit.
ppl started putting down no subject offers on 1bd condos now..
jesus.... | Wow those prices are crazy...
There were tons of open houses this weekend and last weekend for the development I am in "Wall Centre Central Park". Maybe you can look into there?
I can't believe its still this bad  | |
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06-05-2017, 06:13 PM
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#9950 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
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Originally Posted by Liquid_o2 Yah. I live on Fraser now. I don't think you can call it the "next" Main Street, as there is already lots of coffee shops, restaurants, etc. It has already arrived and the prices fall accordingly with it. My question is what is the next Fraser Street? | Look to areas with older retail. Older retail means better margins for experimental restaurants and low-margin coffee shops and bakeries.
Neighbourhoods in Vancouver that have older, under utilized retail strips which come to mind are South Hill and Joyce-Collingwood and Norquay, specifically along Kingsway.
Outside of Vancouver, I would say Burquitlam and Moody Centre.
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