A little birdie told me 480,000

I believe it's Concorde? that owns all the land up the sea to sky to Furry Creek or Lions Bay (can't remember the exact details)

"The next Main Street"

Main Street is dieing imo.. the cost of living and rents there are decimating the area and it feels empty compared to just a few years ago.

3 different businesses from main have closed up shop and moved to Hastings sunrise now whom I've spoke with, all citing basically the exact same thing, prices are so high there now that they have no clientele and it's impossible to make a buck when rent cuts that deeply into your margins. I beleive another business, a new barber, is moving from main to around Hastings and Nanaimo in the next few weeks as well.

Burrit bro's, a Main Street institution and huge tenant for space has left after 40 somthing years, and there's a tonne of vacant businesses up and down main.

Few years ago I thought that's where I wanted to be, worked out well that my current spot is seemingly where people are turning to for dem trends

I was looking at mortgages this morning, and you can get a 5-year variable through brokers now at 1.69%.

That definitely isn't going to hinder the market.

wtf, which broker? Any fee?

That rate is likely only available to those who can close fast (less than 90 days) and require CMHC insurance.

https://www.ratesupermarket.ca/mortg...=no&rate_hold=

Sigma is 1.69%
True North is 1.75%

My mortgage is up for renewal in a bit over a year. I hope I can still get in on these rates then!

Damn was just wondering because I had a hunch it could be the building I grew up in. Only building I remember being close to fraser and 16th.

Turns out it was. And the exact unit LOL. (Well the only one listed right now)

I think my parents sold the place for 168K back in 2004...

read this last night

Did developer intend to give overseas buyers first shot at Vancouver project? - NEWS 1130

It's Westbank. Nobody should be buying from them anyways as they're a shit developer (see Telus Garden video posted earlier)

My client was the one who won the 18 offer bid for #403 - 7248 Byrnepark.
Your realtor has misinformed you. It was sold for $460,500.

Food for thought:

https://betterdwelling.com/foreign-b...ack-to-canada/

Meh, he probably told me the right number and I got it mixed up.

$465,000, $460,500.. what's the difference.. I was more than 10k away anyways.

https://i.imgur.com/7eI6sHb.png

https://i.imgur.com/biXDcZM.png

had no idea 1 bedroom outside of Vancouver proper have already reached around the 500k mark
not sure to laugh or cry

The 3/5/10 year changes are very telling

was browsing for fun and saw 500k all in for a brand new 1 bedroom and den in coquitlam. thoughts? that seems very high...

Looked at a couple units by Metrotown called The Met. Apparently 1bedroom +den ~600 sq ft units are selling/sold for $600K+ WutFace

Concord Pacific will give you good quality construction/material/amenities, but will also cost you a fortune.

I backed out of my contract for my 1 bedroom + 1 den at Concord Brentwood. Just not worth the price, long construction completion timelines, and I honestly didn't think resell value will go as high as it is later...

Can someone explain this? $1600 sq ft for Joyce station. I'm gonna barf

Guess that's why they marketed it to overseas first!

Anyone following the Chinese situation of government restricting money leaving the country and killing tons of trade deals? I have a friend in the business sector in China and he has been talking about this for about a year and showed me this the other day.

China?s international real estate shopping spree is officially dead - Business Insider

Guess that's why Joyce did it in Taiwan and not in China. At any rate, time will tell. I wouldnt currently buy into anything that would stretch my wallet. Prices seem a little unreasonable at the moment. Rent prices are practically mortgage prices. At 715k for that one bed, you would need to rent it out for 3000+ to break even.

Spent the last 7 years commuting through Joyce on a near daily basis and have seen the traffic steadily get more congested as the days past by. Another 256 units added to the area without any traffic plan will make things interesting...

If you are in a position financially to buy something for investment purposes, I assume you have a line of credit. Buy the place using your LOC, then the rent only has to cover the interest and strata fees.