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06-05-2017, 07:05 PM
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#9951 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2002 Location: Vancouver
Posts: 8,346
Thanked 3,986 Times in 1,538 Posts
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| Quote:
Originally Posted by fliptuner  Tapioca, how much did Klahanie sell for? | A little birdie told me 480,000
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06-06-2017, 07:55 AM
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#9952 | | OMGWTFBBQ is a common word I say everyday
Join Date: Oct 2008 Location: Coquitlam
Posts: 5,324
Thanked 3,782 Times in 1,242 Posts
Failed 533 Times in 187 Posts
| Quote:
Originally Posted by westopher 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. | 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)
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'16 Ram 1500
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06-06-2017, 05:56 PM
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#9953 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,768
Thanked 15,073 Times in 6,030 Posts
Failed 2,068 Times in 693 Posts
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"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
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Dank memes cant melt steel beams
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06-07-2017, 09:17 AM
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#9954 | | RS.net, where our google ads make absolutely no sense!
Join Date: Sep 2008 Location: Rmd
Posts: 924
Thanked 435 Times in 194 Posts
Failed 16 Times in 13 Posts
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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.
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06-07-2017, 09:48 AM
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#9955 | | Need to Seek Professional Help
Join Date: Jun 2010 Location: Vancouver
Posts: 1,011
Thanked 528 Times in 187 Posts
Failed 79 Times in 22 Posts
| Quote:
Originally Posted by heleu 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?
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06-07-2017, 10:11 AM
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#9956 | | OMGWTFBBQ is a common word I say everyday
Join Date: Apr 2001
Posts: 5,027
Thanked 2,538 Times in 1,155 Posts
Failed 81 Times in 54 Posts
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That rate is likely only available to those who can close fast (less than 90 days) and require CMHC insurance.
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06-07-2017, 10:24 AM
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#9957 | | RS.net, where our google ads make absolutely no sense!
Join Date: Sep 2008 Location: Rmd
Posts: 924
Thanked 435 Times in 194 Posts
Failed 16 Times in 13 Posts
| 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!
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06-07-2017, 12:27 PM
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#9958 | | RS has made me the bitter person i am today!
Join Date: Oct 2006 Location: YVR
Posts: 4,518
Thanked 1,275 Times in 434 Posts
Failed 62 Times in 24 Posts
| Quote:
Originally Posted by Liquid_o2 I believe the building is Vintage 16th or something along those lines. | 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...
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06-07-2017, 02:17 PM
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#9959 | | Need to Seek Professional Help
Join Date: Jun 2010 Location: Vancouver
Posts: 1,076
Thanked 359 Times in 162 Posts
Failed 9 Times in 4 Posts
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06-07-2017, 02:27 PM
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#9960 | | i like gifs
Join Date: Dec 2001 Location: imgur
Posts: 27,179
Thanked 7,785 Times in 2,695 Posts
Failed 4,294,967,295 Times in 169 Posts
| Quote:
Originally Posted by impulseX | It's Westbank. Nobody should be buying from them anyways as they're a shit developer (see Telus Garden video posted earlier)
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06-07-2017, 03:55 PM
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#9961 | | Rs has made me the man i am today!
Join Date: May 2001 Location: Tokyo-3
Posts: 3,226
Thanked 1 Time in 1 Post
Failed 0 Times in 0 Posts
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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. 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.... |
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06-09-2017, 03:17 PM
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#9962 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,048
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
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06-09-2017, 04:26 PM
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#9963 | | My homepage has been set to RS
Join Date: Apr 2001 Location: YVR
Posts: 2,104
Thanked 659 Times in 78 Posts
Failed 26 Times in 9 Posts
| Quote:
Originally Posted by docomo 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. | 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.
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06-09-2017, 05:38 PM
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#9964 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,768
Thanked 15,073 Times in 6,030 Posts
Failed 2,068 Times in 693 Posts
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Dank memes cant melt steel beams
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06-09-2017, 05:39 PM
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#9965 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,109
Thanked 9,871 Times in 3,926 Posts
Failed 881 Times in 421 Posts
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had no idea 1 bedroom outside of Vancouver proper have already reached around the 500k mark
not sure to laugh or cry
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06-09-2017, 06:33 PM
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#9966 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 37,768
Thanked 15,073 Times in 6,030 Posts
Failed 2,068 Times in 693 Posts
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The 3/5/10 year changes are very telling
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Dank memes cant melt steel beams
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06-10-2017, 11:05 AM
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#9967 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Feb 2017
Posts: 195
Thanked 202 Times in 68 Posts
Failed 1 Time in 1 Post
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was browsing for fun and saw 500k all in for a brand new 1 bedroom and den in coquitlam. thoughts? that seems very high...
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06-10-2017, 12:17 PM
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#9968 | | RS controls my life!
Join Date: Feb 2003 Location: Vancouver
Posts: 729
Thanked 2 Times in 2 Posts
Failed 1 Time in 1 Post
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Looked at a couple units by Metrotown called The Met. Apparently 1bedroom +den ~600 sq ft units are selling/sold for $600K+  | |
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06-10-2017, 11:50 PM
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#9969 | | Banned (BBM)
Join Date: Sep 2009 Location: None
Posts: 3,136
Thanked 667 Times in 265 Posts
Failed 86 Times in 39 Posts
| Quote:
Originally Posted by ST184 Looked at a couple units by Metrotown called The Met. Apparently 1bedroom +den ~600 sq ft units are selling/sold for $600K+ | 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...
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06-11-2017, 07:44 AM
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#9970 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
Posts: 1,738
Thanked 939 Times in 308 Posts
Failed 206 Times in 75 Posts
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Can someone explain this? $1600 sq ft for Joyce station. I'm gonna barf
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06-11-2017, 08:36 AM
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#9971 | | Rs has made me the man i am today!
Join Date: Feb 2002 Location: Burnaby
Posts: 3,191
Thanked 274 Times in 135 Posts
Failed 110 Times in 43 Posts
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Originally Posted by Ludepower Can someone explain this? $1600 sq ft for Joyce station. I'm gonna barf | Guess that's why they marketed it to overseas first!
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06-11-2017, 09:42 AM
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#9972 | | Captain Happy Bubble is my Homeboy
Join Date: Sep 2008 Location: Vancouver
Posts: 321
Thanked 158 Times in 33 Posts
Failed 53 Times in 19 Posts
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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 | |
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06-11-2017, 10:07 AM
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#9973 | | Rs has made me the man i am today!
Join Date: Feb 2002 Location: Burnaby
Posts: 3,191
Thanked 274 Times in 135 Posts
Failed 110 Times in 43 Posts
| Quote:
Originally Posted by classified | 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.
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06-11-2017, 11:09 AM
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#9974 | | It's like going crazy when you're already nuts
Join Date: Aug 2005
Posts: 5,903
Thanked 3,066 Times in 793 Posts
Failed 90 Times in 38 Posts
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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...
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06-11-2017, 12:03 PM
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#9975 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2002 Location: Vancouver
Posts: 10,235
Thanked 3,251 Times in 1,270 Posts
Failed 138 Times in 66 Posts
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Originally Posted by optiblue 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. | 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.
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