exactly.
Let's face it, not many people actually want to live in Saskatchewan. Especially after growing up in the lower mainland.

A whole generation of Vancouverites will be forced to make that change though. The question is, what would we call them? Real Estate refugees? Or xenophobes, like they have for the last two decades?

https://i.redditmedia.com/dgmFL1X7nw...08.png?w=1024&

We listed our 2 bdrm apartment last month. It sold in 6 or 7 days.

$71,000 over asking.

Fraser/Kensington Area. Wood frame 2011 build.

888/sqft.

Cause it was 888 square feet probably

Let me guess, it sold for $788,544?

($888 x 888 sq/ft :D)

^
The Mountain View Cemetery is beautiful this time of year

Closing date set for 8/8/2018?

Handing over keys at 8:08 am?

$71k over asking doesn't mean squat without your list price.

Yea. Was it listed above your assessment? My 985k example was listed at 980 iirc but assessed at 870.. so they listed it high from the get go and still came out on top. Fuck

Going to list my apartment out next week asking 60k. Let see how much it can actually sell for.

Email? I’ll etranafer you 60k asap bro

Trying to start a bidding war I guess

Lol sorry I mean 600k.
Seems weird most units around are listing for 540 to 590k yet a block away (farther away from metrotown) is listing for a long more. Built years are older too about the same Sq ft.

downtown too many homelessness
cambie gateway smells funny
river district is flood-prone with noise pollution
mount pleasant and needles in playground
etc. etc.

there's semi-ugly sides to almost every neighbourhood, but anyone owning a place in the Vancouver proper should take pride in what they have...over-inflated or not

Some Presales Updates for July - Happy Independence Day US buddies!

Port Moody
George - by Marcon - Phase 1 SOLD OUT in a week. So much for slow markets.
Phase 2 coming this week - contracts this weekend

Surrey
Avani CenterAll cheap units gone - nothing below $500K. Surrey King George high rise condo with Hilton Treeside below. $340K units were about 350-400ft. Parking spots $35K.

Coquitlam
Meridian
Good new build from Townline (local developer) - should be great - next to Burquiltlam Evergreen skytrain. Easily $950/ft.

City of Lougheed
Tower 2 starting soon. $1000/ft one bedroom start at $560K. Quite the jump from $350K one bedroom in 2016!
VIP coming end of July. Massive new redevelopment zone.

LINEA
This will be hot, Rize's new build in Surrey central.
$750/ft supposedly but with Rize's build quality selling for $900+ft in Surrey hard to imagine.
Marketed by Rennie = will be a gong show.

Vancouver
Cambie Gardens by Onni 70% sold. $900K 1 bedroom to start. Langara Gardens nearby, Cambie corridor, yada yada. Not cheap but low risk play.

OSLER 8888
Further out ways Marine Drive & Osler. Still Vancouver West.
Some clients got $680K one bedrooms. Nice room for flip IMO at $1000/ft.

Windsor
Blow out units 2bedroom + up at $750K. Not bad for Kingsway & Nanaimo. Good rental and potential flip. More rezoning coming in area.

I'm going to ask you since you deal with a lot of presales. Why is Windsor doing so poorly in terms of selling out the building? Is it because the location isn't ideal, or the fact that they seem to be priced too high?

I'll take a cemetery view if it means banking 300k over 2.5 years of doing nothing. Beggars can't be choosers.

What about now?

Build 2011
Sqft. 864
Last BC Assessment if i recall correctly was 725k

List price 729,999
Sold for 802k

purchased 2.5 years ago for 485k. 500k all in approx. The condo was paid in full at the time we purchased with no mortgage.

You get a big pat on the back sir... and a cookie!

Gains bro nice stuff. Haters gonna hate.

https://www.ctvnews.ca/mobile/busine...rket-1.3999882

People would look at that at celebrate..but fails to see the prices went up 9% from last June as per the article. So if the prices goes down 9% then itll be a good buy right. Since I can get it for 2017 price haha

What did you end up buying after this sale if you don't mind me asking..

The news touts sales are hella down, then someone with actual info like JDM above comes in and says high rises (likely the type of homes people can actually afford) are selling out as they always have.

Yea, sales of detached homes over 1 million are down lol..big help to most

That math is wrong. If it goes down by 9%, it's 9% of a bigger number. Prices dropping by 9% is less than where it started.

2017 - $1,000,000
2018 - $1,000,000 + 9% = $1,090,000
2019 - $1,090,000 - 9% = $991,900

Falling by the same % it went up, it's about $8000 less than in 2017. Not actual numbers used, I started with $1 Million because it's nice and even.

Rates are probably going to go up again next Wednesday, another 25 points.

Ya i was aware of that..i guess itll be a good deal if it does! =p

Ya. Im curious what will happen with the rates. Buying a million dollar home with a high rate will hurt

Anyone here in the market for a detached or condo or townhome right now?

Quite surprised about this too, lots of redevelopment in the area, the street behind is all being developed with townhouses and low-rises as well. A little down is another development. T&T at Kensington Gardens is definitely a plus for that area as well!