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03-17-2019, 11:17 PM
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#14076 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
Posts: 721
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Originally Posted by JDMDreams  Any good places /locations to look for town house pre-sale? Thinking of upgrading to town house from 1 bed condo in a year or 2. | It's a buyer's market now - if you'd like pls reach out to us at info @ presales-vip.com. Our services is success based and developers pay our fees end of the day.
Lots of variables instead of me listing out what I've seen recently, easier to have you mention areas, budget, size, and then we recommend based on your needs.
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03-17-2019, 11:23 PM
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#14077 | | My homepage has been set to RS
Join Date: Jun 2013 Location: Burnaby
Posts: 2,444
Thanked 2,927 Times in 778 Posts
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Originally Posted by JDMDreams Any good places /locations to look for town house pre-sale? Thinking of upgrading to town house from 1 bed condo in a year or 2. | Are you set on brand new? I was on the boat in the beginning but shifted to a few years old and the bang for your buck is significantly better.
I'm still waiting on the market, but every day I'm getting more and more hits, prices are dropping, albeit, slowly.
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03-19-2019, 02:58 PM
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#14078 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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| https://www.theglobeandmail.com/poli...pending-aimed/
"It’s not a loan - the 10% is owned by CMHC, so they would get 10% back upon sale (or whenever you choose to buy it back from them)"
LOL so is not a loan from the gov... who would want to use this gov program?!
Last edited by Mr.HappySilp; 03-19-2019 at 03:10 PM.
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03-19-2019, 05:21 PM
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#14079 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
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Only first time homebuyers with household incomes below $120,000 would qualify for the incentive.
| Great. That's like 90% of the Asians in Richmond.  | |
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03-19-2019, 05:34 PM
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#14080 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,628
Thanked 32,346 Times in 7,533 Posts
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Originally Posted by Mr.HappySilp | People who’s parents aren’t giving them a down payment, or those that are not living at home until they are 30 to save one themselves.
__________________
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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03-19-2019, 06:04 PM
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#14081 | | Rs has made me the man i am today!
Join Date: Nov 2008 Location: Vancouver
Posts: 3,234
Thanked 4,087 Times in 983 Posts
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Originally Posted by Mr.HappySilp | who wouldn't?
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03-19-2019, 07:32 PM
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#14082 | | Rs has made me the woman i am today!
Join Date: Apr 2007 Location: Langley
Posts: 4,103
Thanked 3,393 Times in 1,284 Posts
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HappySilp already gave us the blueprint on how to afford a place.
1. Leech off your parents as long as you can, possibly wait till they die and inherit their house.
2. Never spend a dime in your 20's on anything but the bare necessities. If for some reason you find yourself cracking a smile then you're clearly not working hard enough. You can enjoy life when you're 70.
3. Preferably find a time machine and buy back when prices were sane. This part is great because you already have a place and you can tell everyone that's trying to buy in the shit show that happens a decade later that they aren't working hard enough while your house doubled in price in 5 years. That's not luck, that's just being smart enough to be born at a certain time.
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03-19-2019, 07:42 PM
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#14083 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,875
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@MarkyMark
If you ain't smart enough to be born at the right time. You don't deserve to buy 
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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03-19-2019, 09:03 PM
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#14084 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
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4. Prenup in case dat China ho try sumting! Or just forget dating altogether cause them ho be trying to get the house!
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03-20-2019, 06:47 AM
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#14085 | | My homepage has been set to RS
Join Date: Mar 2008 Location: Vancouver
Posts: 2,193
Thanked 5,428 Times in 864 Posts
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Originally Posted by Nlkko 4. Prenup in case dat China ho try sumting! Or just forget dating altogether cause them ho be trying to get the house! | Well, he's mentioned he's single so this point is moot. "Sorry, can't go on any dates, I'm saving for a house."
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03-20-2019, 11:46 AM
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#14086 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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You people do know that that extra 10% of your mortgage works to be around $200 max every month (most likely even less) yet you are giving away 10% equity of your home away. Also you have no idea how the gov will react will you sell your place? Will they only take 10% of the price you sold your place? Will they take 10% + interest if you sold your place at a gain? What if you sold at a lose will the gov still take 10% anyways? What if you start a family and wanted to change your mortgage so you can pay it off faster? Way too details the gov did not include.
In the big picture it doesn't help anyone. Is like BC giving away free money for first time home buyers. What really reduce young people/family purchasing power right now is the stress test and the tightening of borrowing money from banks. Bring back 30 years mortgage and reduce the stress test so people actually have more buying power instead of this half ass bake idea which sounds good on paper but doesn't help anyone but to buy votes for the gov.
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03-20-2019, 12:03 PM
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#14087 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,574
Thanked 3,781 Times in 1,345 Posts
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Originally Posted by Mr.HappySilp You people do know that that extra 10% of your mortgage works to be around $200 max every month (most likely even less) yet you are giving away 10% equity of your home away. Also you have no idea how the gov will react will you sell your place? Will they only take 10% of the price you sold your place? Will they take 10% + interest if you sold your place at a gain? What if you sold at a lose will the gov still take 10% anyways? What if you start a family and wanted to change your mortgage so you can pay it off faster? Way too details the gov did not include.
In the big picture it doesn't help anyone. Is like BC giving away free money for first time home buyers. What really reduce young people/family purchasing power right now is the stress test and the tightening of borrowing money from banks. Bring back 30 years mortgage and reduce the stress test so people actually have more buying power instead of this half ass bake idea which sounds good on paper but doesn't help anyone but to buy votes for the gov. | I'm not sure about reducing the stress test. It was brought in to save people from themselves. It's all good well interest rates are still low which they've been for a long time but once they rise and people have to reknew their mortgages combined with housing prices coming down and negative equity that's when shit hits the fan.
__________________
“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa | |
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03-20-2019, 03:00 PM
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#14088 | | I help report spam so I got this! <--
Join Date: Dec 2010 Location: Vancouver
Posts: 2,867
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Stress test and loan restriction is there so you don't default on your house if/when rates hit the fan, guy. Educate yourself...
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03-20-2019, 03:15 PM
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#14089 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
Posts: 4,507
Thanked 1,727 Times in 547 Posts
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| Quote:
Originally Posted by JDMDreams Any good places /locations to look for town house pre-sale? Thinking of upgrading to town house from 1 bed condo in a year or 2. | There's a growing number in Queensbourgh. If you don't mind driving daily.
TBH I don't see how that one single access point on Howe and 91 can support the growth for QB. They really need to build a pedestrian bridge or local road to connect QB residences from the west side to New West.
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03-20-2019, 05:46 PM
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#14090 | | I *heart* Revscene.net very Muchie
Join Date: Jan 2002 Location: Ottawa
Posts: 3,525
Thanked 722 Times in 282 Posts
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Originally Posted by Mr.HappySilp You people do know that that extra 10% of your mortgage works to be around $200 max every month (most likely even less) yet you are giving away 10% equity of your home away. Also you have no idea how the gov will react will you sell your place? Will they only take 10% of the price you sold your place? Will they take 10% + interest if you sold your place at a gain? What if you sold at a lose will the gov still take 10% anyways? What if you start a family and wanted to change your mortgage so you can pay it off faster? Way too details the gov did not include.
In the big picture it doesn't help anyone. Is like BC giving away free money for first time home buyers. What really reduce young people/family purchasing power right now is the stress test and the tightening of borrowing money from banks. Bring back 30 years mortgage and reduce the stress test so people actually have more buying power instead of this half ass bake idea which sounds good on paper but doesn't help anyone but to buy votes for the gov. | Fair point. However, don't you think you are passing judgment a little prematurely given that the gov't has yet to release actual details outlining the intricacies of the program? Those won't be available until sometime in the fall. Personally, i'll take a wait and see approach.
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03-20-2019, 08:50 PM
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#14091 | | 14 dolla balla aint got nothing on me!
Join Date: Nov 2006 Location: Vancouver
Posts: 635
Thanked 71 Times in 40 Posts
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Originally Posted by JDMStyo OAKRIDGE I think we can all agree this is pricy - $1.2-1.4M for 1BR 600ft tops is essentially over $2000/ft on average for Vancouver West.
Despite that - tower 1 is SOLD OUT. | I assume sold out means sold out to realtors holding multiple units?
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03-20-2019, 10:04 PM
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#14092 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
Posts: 1,738
Thanked 939 Times in 308 Posts
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Sold out to China money who need to look at the map of Vancouver. How is oakridge center worth $2000 sq/ft when you can buy ready to move in new condos in downtown.
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03-21-2019, 08:40 AM
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#14093 | | Need my Daily Fix of RS
Join Date: Jun 2012 Location: Not Vancouver
Posts: 261
Thanked 282 Times in 89 Posts
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mainlanders. now i know to avoid oakridge in the future.
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03-21-2019, 09:02 AM
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#14094 | | Rs has made me the woman i am today!
Join Date: Jan 2012 Location: PENIS
Posts: 4,291
Thanked 4,157 Times in 1,303 Posts
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Originally Posted by Nlkko Stress test and loan restriction is there so you don't default on your house if/when rates hit the fan, guy. Educate yourself... | but is the stress test creating secondary loans aka heloc on parents place  especially on first time home buyers like younger folks.
__________________ There's a phallic symbol infront of my car Quote: |
MG1: in fact, a new term needs to make its way into the American dictionary. Trump............ he's such a "Trump" = ultimate insult. Like, "yray, you're such a trump."
| bcrdukes yray fucked bcrdukes up the nose
dapperfied yraisis
dapperfied yray so waisis
FastAnna you literally talk out your ass
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03-21-2019, 09:57 AM
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#14095 | | Need my Daily Fix of RS
Join Date: Feb 2017 Location: VAN604
Posts: 256
Thanked 690 Times in 130 Posts
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^^Not likely, banks are clamped down so tight and are focusing much more so on cash flow and debt servitude rather than asset driven for loans.
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03-21-2019, 10:35 AM
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#14096 | | RS has made me the bitter person i am today!
Join Date: May 2005 Location: 604
Posts: 4,507
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Originally Posted by Y2K_o__o I assume sold out means sold out to realtors holding multiple units? | maybe, but also, the development was really agressive with their advertisement. I remember seeing ads on it on my Air Canada flights to Asia last month.
I think out of that $2000/sqft, a big chunk of it is going towards the marketing/advertisement fees.
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03-21-2019, 12:52 PM
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#14097 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,657
Thanked 1,973 Times in 1,042 Posts
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I haven't seen that many pop up for under $700 right now. A few in Coquitlam. Surrey and Delta. Quote:
Originally Posted by bcedhk There's a growing number in Queensbourgh. If you don't mind driving daily.
TBH I don't see how that one single access point on Howe and 91 can support the growth for QB. They really need to build a pedestrian bridge or local road to connect QB residences from the west side to New West. | | |
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03-21-2019, 01:49 PM
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#14098 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,500
Thanked 2,424 Times in 1,018 Posts
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Originally Posted by Y2K_o__o I assume sold out means sold out to realtors holding multiple units? | It's not true. I was at the event at the CNY celebration. The key buyers were people who are 55-75yr old with 2.5 - 4.5M houses in Vancouver (pretty normal that around and part of town) who just can't handle living in a house. 2 people with 5 bedrooms 3,000 - 5,000sq ft house when their kids were still young.
What's the option? Apartments
Don't want to move to a different area = Oakridge / these new apartments are their solution.
I can't speak for all realtors but DANGGGG if anyone has the cash to hold?? now is well.... well deserved if they have the cash.
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03-28-2019, 02:51 PM
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#14099 | | RS.net, where our google ads make absolutely no sense!
Join Date: Jul 2004 Location: vancouver
Posts: 901
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CRA executes search warrants on Vancouver properties in tax evasion case https://www.cbc.ca/news/politics/can...uver-1.5075426 | |
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04-02-2019, 01:10 PM
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#14100 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Feb 2011 Location: Richmond
Posts: 8,454
Thanked 14,908 Times in 3,893 Posts
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Total noob post but bear with me.
Yesterday my wife and I had the day off, went to tswassen mills to wander around and have lunch. On the way out we saw the startings if some huge developements right across the street. The 3 main groups we saw were West Coast Estates ? TSAWWASSEN https://www.onni.com/tsawwassenlanding/ https://tsawwassenshores.com
Websites are pretty vague with details. I do really like the area, but is that not First Nations land? I’m not sure what you call it when developers “lease” the land for like 100 years or something. Say a detached home starts at 600k, that just covers materials and building, not the land. So what happens after you pay your mortgage and want to give the house to your children?
I may be totally wrong but you guys have a lot of experience, maybe you can shed some light. Bad buy?
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