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fliptuner 10-22-2017 11:45 AM
Quote:
Originally Posted by hud 91gt (Post 8867906)
Anyone up bright and early this Sunday morning? Heading out shortly to Coquitlam, PoCo and Port Moody to check out the areas to perhaps move in the near future from Kitsilano.

Areas to see, or avoid? I need a garage.
Looking for a detach or TH? Budget?

Poco inventory has dropped in the last month. 1500sqft (ish) TH's are in the 600-800 range and detached are right around $1m

Mr.HappySilp 10-22-2017 01:19 PM
Quote:
Originally Posted by fliptuner (Post 8867921)
Looking for a detach or TH? Budget?

Poco inventory has dropped in the last month. 1500sqft (ish) TH's are in the 600-800 range and detached are right around $1m
600 to 800sq shouldn't not be call a Townhome. Is an apartment. Heck even some 2 bedroom apartment is bigger than that.

raysquared 10-22-2017 03:40 PM
Quote:
Originally Posted by Mr.HappySilp (Post 8867929)
600 to 800sq shouldn't not be call a Townhome. Is an apartment. Heck even some 2 bedroom apartment is bigger than that.
1500 square feet is 600k-800k

hud 91gt 10-22-2017 04:42 PM
Would like to go detached. 1 million is getting out of my comfort zone. With a suite I’d be willing to go 1.1, where there seems to be a large selection. Not opposed to a townhouse, but the price difference doesn’t seem worth it.

Fiancé would be working at city hall. Proximity to that, or a sky train station would be nice since we will be missing our Vancouver life.

We spent the morning touring around. I love westwood, especially with its proximity to what looks like mountain biking territory. I think it’s probably out of our budget though.

Rallydrv 10-22-2017 09:11 PM
They are a few nice th listed in Vancouver area MP and kingsway area. Some just under and around 1 and 1.1

With new rules kicking in. Condo, th market may pick up more

winson604 10-22-2017 10:33 PM
Quote:
Originally Posted by 6thGear. (Post 8867918)
How does this affect those who are currently bought into presales that isn't completed till say after next year?
Same thing applies, having bought into a presale doesn't mean anything as the "stress test" will come when they apply for a mortgage next year.

nah 10-23-2017 12:46 AM
This is what our buddy NDP John said recently about housing:

"Housing is a critical component of many people's equity and their retirement prospects, and we want to make sure we don't adversely affect the marketplace."

Here's his promise in Aug.

https://roundhouseradio.com/2017/06/...ction-housing/

The_AK 10-23-2017 12:51 AM
Quote:
Originally Posted by Mr.HappySilp (Post 8867731)
While we are on the topic of traffic I am glad Moonbean might be kick of the office next election. His bike lane just sucks. Sure it MIGHT be helpful to people who live within 20mins of their work but to ingore other people who have no choice but to drive to work because they live in another city is just stupid. By closing roads for more bike lanes he cause more traffic jam for everyone even people who live in Vancouver. Our work is by a bike lane and even summer days I seen less than 20 bikes use it and I work at 7am so I can actually see if people are using the bike lanes to work.

Now he is saying he wants locals to be able to get in on pre sales apartments first. LOL. He have no authority to do that. It have to come from federal to pass such a law. What a clown.
Slightly off-topic but I drove through downtown today and saw asshole cyclists peddling on the road instead of travelling in their designated bike lane. Bike lanes indeed are bullshit.

Mr.HappySilp 10-23-2017 07:25 AM
Quote:
Originally Posted by The_AK (Post 8868039)
Slightly off-topic but I drove through downtown today and saw asshole cyclists peddling on the road instead of travelling in their designated bike lane. Bike lanes indeed are bullshit.
I don't get it cyclists does this all the time. There are bike lanes right beside the road yet they want to use the road or the sidewalks......

Is funny coz me and my co workers if we see cyclists on the side walks we would walk right in the center just to piss them off (coz they usually end up having to stop or ride on the bike lane like they are suppose to.)

Tapioca 10-23-2017 08:18 AM
Quote:
Originally Posted by hud 91gt (Post 8867959)
Would like to go detached. 1 million is getting out of my comfort zone. With a suite I’d be willing to go 1.1, where there seems to be a large selection. Not opposed to a townhouse, but the price difference doesn’t seem worth it.

Fiancé would be working at city hall. Proximity to that, or a sky train station would be nice since we will be missing our Vancouver life.

We spent the morning touring around. I love westwood, especially with its proximity to what looks like mountain biking territory. I think it’s probably out of our budget though.
Meadowbrook is probably your best bet for detached homes under a million. Ugly houses and small lots but it's land. In 30-40 years, I can see the lots in Meadowbrook being assembled once Coquitlam Centre's parking lot is converted to condos.

Eagle Ridge is another area where detached with suites are hovering around 1.1 million.

fliptuner 10-23-2017 08:34 AM
Quote:
Originally Posted by hud 91gt (Post 8867959)
Would like to go detached. 1 million is getting out of my comfort zone. With a suite I’d be willing to go 1.1, where there seems to be a large selection. Not opposed to a townhouse, but the price difference doesn’t seem worth it.

Fiancé would be working at city hall. Proximity to that, or a sky train station would be nice since we will be missing our Vancouver life.

We spent the morning touring around. I love westwood, especially with its proximity to what looks like mountain biking territory. I think it’s probably out of our budget though.
When we were in your situation, we opted for the TH. We didn't want to sacrifice quality of life (entertainment, cars, vacation, etc) for a detach. We could easily afford any fluctuations in mortgage rates and attached properties will always move faster when it comes time to sell. Of course, I sacrificed having my own property, to do with as I pleased but I also value being liquid. Our property has also appreciated at a considerably higher rate than a detach (90% vs 65% in my area).

We're just riding things out right now, til the right detach presents itself. This place more than suits our needs and at the end of the day, is just a means to an end.

quasi 10-23-2017 09:16 AM
My first place was a Townhouse and I like it. The only hit or miss thing with a town-home is your neighbors and the people running your strata. It's a variable that's unknown until you actually move in, if you have good neighbors and a decent strata life can be good if you don't than you can really hate where you live.

You obviously can run into the same situation in a house with neighbors but there is a bit more space between.

Mr.HappySilp 10-23-2017 09:37 AM
Quote:
Originally Posted by quasi (Post 8868060)
My first place was a Townhouse and I like it. The only hit or miss thing with a town-home is your neighbors and the people running your strata. It's a variable that's unknown until you actually move in, if you have good neighbors and a decent strata life can be good if you don't than you can really hate where you live.

You obviously can run into the same situation in a house with neighbors but there is a bit more space between.
+1 in my apartment the people living to the left side loves to party. I coulnd't hear what's going on in their units but when they open the door you could hear loud talking and music. They also smoke in their so you can smell it in the hallway. I put a notice in Chinese saying this is a non smoking building by the elevator with a can air refresher tape on their door. After that no more smelly hallway.

yray 10-23-2017 09:38 AM
https://omny.fm/shows/the-jon-mccomb...s-housing-plan

Quote:
"Is it too much work for you?"
:lawl:

Tapioca 10-23-2017 09:44 AM
Detached lots are an endangered species in Metro Vancouver, so going forward, their long term value is going to be strong. Once millennials tire of the condo lifestyle, they will follow the path of their parents and upgrade to ground oriented housing: detached for the wealthy millennials and townhouses for the middle class peons. My friends with children in their 30s for the most part have detached houses, or are looking to acquire one as condos have gone through the roof.

With that said, townhouses are a good compromise if you don't plan to have children but have a bunch of hobbies that take up space and/or you have a busy lifestyle.

hud 91gt 10-23-2017 09:52 AM
I take that personally. I grew up in townhouses, I turned out just fine :p

Mind you, I don't know how to cut the lawn. hahahaha Kind of joking.



We could afford a detached and still not be too stretched. I am just a very cautious individual financially. I quite like the idea of a townhouse. Low maintenance is great in my eyes. I don't want a strata down my throat though(I've never had an issue but...). I also agree with Tapioca, where as i'm looking at this as an investment and in the end, a piece of land is going to be a stronger investment.

CivicBlues 10-23-2017 10:04 AM
Imagine if Vancouverites put all the time, money, and energy they put into housing and instead into something creative or innovative.

We could be the next San Francisco! NYC! Hong Kong!

Oh...:okay:

minoru_tanaka 10-23-2017 10:17 AM
Quote:
Originally Posted by Mr.HappySilp (Post 8867731)
While we are on the topic of traffic I am glad Moonbean might be kick of the office next election. His bike lane just sucks. Sure it MIGHT be helpful to people who live within 20mins of their work but to ingore other people who have no choice but to drive to work because they live in another city is just stupid. By closing roads for more bike lanes he cause more traffic jam for everyone even people who live in Vancouver. Our work is by a bike lane and even summer days I seen less than 20 bikes use it and I work at 7am so I can actually see if people are using the bike lanes to work.
If you have a bike you should try it. Way more relaxing than the drive from downtown back to metrotown and I left downtown at 1PM. Takes about 45 mins.

I started work at 5am for 10 years and my commute to downtown was just me and pretty much 4 other cars lol. But when I head home at 1pm, it's a traffic jam. Where were these people at 5am? How come they're off work already? This drove me crazy everyday.

This summer I started riding in for 6am and I pass (or am passed by) at least 5 people just on the Dunsmuir part so it's definitely more than 20 people riding the whole day on that route.

Can't beat them, join them.

fliptuner 10-23-2017 10:27 AM
Quote:
Originally Posted by hud 91gt (Post 8868066)
I also agree with Tapioca, where as i'm looking at this as an investment and in the end, a piece of land is going to be a stronger investment.
Not sure how much I agree with this. I could've bought 2 TH's for the cost of a detach at the time. Within 18 months they were worth close to double, whereas the detaches only went up 60-70%. If I rented one, it would be revenue neutral and anytime I was ready to sell, it'd go pretty quick. Larger market in the sub 800 range vs 1.1M+. Plus it leaves you with more options.

yray 10-23-2017 11:15 AM
Quote:
Originally Posted by CivicBlues (Post 8868069)
Imagine if Vancouverites put all the time, money, and energy they put into housing and instead into something creative or innovative.

We could be the next San Francisco! NYC! Hong Kong!

Oh...:okay:
Yea, we are creating the world's most fucked up RE market :badpokerface:

Mr.HappySilp 10-23-2017 11:43 AM
Quote:
Originally Posted by minoru_tanaka (Post 8868072)
If you have a bike you should try it. Way more relaxing than the drive from downtown back to metrotown and I left downtown at 1PM. Takes about 45 mins.

I started work at 5am for 10 years and my commute to downtown was just me and pretty much 4 other cars lol. But when I head home at 1pm, it's a traffic jam. Where were these people at 5am? How come they're off work already? This drove me crazy everyday.

This summer I started riding in for 6am and I pass (or am passed by) at least 5 people just on the Dunsmuir part so it's definitely more than 20 people riding the whole day on that route.

Can't beat them, join them.
I still like skytrain better. I can nap while on it (usually I can find a seat in the morning).

If you see a guy walking along Central Blvd in a black or green jacket with headphones on, hands in the pocket in the morning is most likely me.

shawnly1000 10-23-2017 11:47 AM
Westbank pre-sold nearly 1 in 4 Kensington Garden condos — heavily marketed overseas — to flippers

Harvey Specter 10-23-2017 01:27 PM
I would say 2+ BR condos and TH's is the new norm for a lot of people moving forward and that's where you're going to see long term growth in prices and rent.

The thing about old Vancouver houses is if you want a house in a desirable neighborhood you'll be paying well over $1.5m+, plus a lot of these houses are tear down ready so if you don't have the funds to new build a new house you're basically looking at a massive renovation project.

Putting money into a renovation for a tear down type home is OK if you're going to live there for the next 10+ years but if you're looking to flip it it's a waste because the buyer of that house will most likely be a builder.

hud 91gt 10-23-2017 01:57 PM
Quote:
Originally Posted by fliptuner (Post 8868073)
Not sure how much I agree with this. I could've bought 2 TH's for the cost of a detach at the time. Within 18 months they were worth close to double, whereas the detaches only went up 60-70%. If I rented one, it would be revenue neutral and anytime I was ready to sell, it'd go pretty quick. Larger market in the sub 800 range vs 1.1M+. Plus it leaves you with more options.
I agree with you short term. Perhaps that is the way I should go for the initial move. But as the price gap between detached and attached get closer and closer, at some point the trends will change.

fliptuner 10-23-2017 05:27 PM
Quote:
Originally Posted by hud 91gt (Post 8868100)
I agree with you short term. Perhaps that is the way I should go for the initial move. But as the price gap between detached and attached get closer and closer, at some point the trends will change.
Yeah, this was a 2-5 year plan, depending on what the market and banks do.


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