REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 07-16-2020, 09:11 PM   #16026
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
300-400
Advertisement
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
Old 07-16-2020, 10:01 PM   #16027
I contribute to threads in the offtopic forum
 
Peturbo's Avatar
 
Join Date: Nov 2004
Location: East Vancouver
Posts: 2,605
Thanked 966 Times in 248 Posts
Failed 39 Times in 17 Posts
First quote on insurance I have so far for my detached is $3000 a year
Poly B piping in one of the washrooms downstairs is driving up the quote.
Also may need to upgrade the electrical service.
What is the typical ballpark pricing I should expect 100-200 amp line upgrade?
__________________
My Feedback (30-0-0)
Peturbo is offline   Reply With Quote
Old 07-16-2020, 10:52 PM   #16028
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
Yesterday I offered 1.42m (30k under list price) on a 28 year old home in the Killarney area. Due for a reno. Subject to sale of my penthouse Brentwood condo (1) year old. Length of subject was 1 month.

There were 8 offers and my offer was not even considered at all. Tough!

Asking was 1.45m
Gh0st is offline   Reply With Quote
This post thanked by:
Old 07-16-2020, 11:05 PM   #16029
I *heart* Revscene.net very Muchie
 
Join Date: Jun 2002
Location: Vancouver
Posts: 3,691
Thanked 631 Times in 359 Posts
Failed 20 Times in 17 Posts
It was your subject to sale that was a no-no for the seller.
6thGear. is online now   Reply With Quote
This post thanked by:
Old 07-16-2020, 11:16 PM   #16030
Willing to sell body for a few minutes on RS
 
Jmac's Avatar
 
Join Date: Aug 2004
Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
Failed 231 Times in 90 Posts
Quote:
Originally Posted by Hondaracer View Post
300-400
It was more like double that for my place.
Jmac is offline   Reply With Quote
This post thanked by:
Old 07-16-2020, 11:30 PM   #16031
Willing to sell body for a few minutes on RS
 
Jmac's Avatar
 
Join Date: Aug 2004
Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
Failed 231 Times in 90 Posts
Quote:
Originally Posted by Peturbo View Post
First quote on insurance I have so far for my detached is $3000 a year
Poly B piping in one of the washrooms downstairs is driving up the quote.
Also may need to upgrade the electrical service.
What is the typical ballpark pricing I should expect 100-200 amp line upgrade?
BC Hydro's portion is $987.
Jmac is offline   Reply With Quote
Old 07-17-2020, 12:12 AM   #16032
Need to Seek Professional Help
 
Join Date: Jan 2005
Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
Quote:
Originally Posted by 6thGear. View Post
It was your subject to sale that was a no-no for the seller.
Yeah... Detached under 1.5 is flaming hot in Van & BBY... subject to anything at this point will kill your offer unless you overbid like mad when it's basically a guarantee that the seller will receive a subject free offer.
Alpine is offline   Reply With Quote
This post thanked by:
Old 07-17-2020, 01:05 AM   #16033
I WANT MY 10 YEARS BACK FROM RS.net!
 
twitchyzero's Avatar
 
Join Date: Oct 2007
Location: Vancouver BC
Posts: 22,111
Thanked 9,871 Times in 3,926 Posts
Failed 881 Times in 421 Posts
me thinks 8 offers you better be over asking or cash at asking
twitchyzero is offline   Reply With Quote
Old 07-17-2020, 07:29 AM   #16034
I *heart* Revscene.net very Muchie
 
Join Date: Jun 2002
Location: Vancouver
Posts: 3,691
Thanked 631 Times in 359 Posts
Failed 20 Times in 17 Posts
Even though it's considered a buyers market right now one still has to be ready to buy without subject to financing/sale, monies in hand ready to go. Our buyer must've had over 10 subjects but they gave us the best offer, so we gave them 5 days to remove all subjects including subject to financing. They had it all sorted out in that time period with the bank draft deposit ready.

I think it'll turn into a sellers market sooner than anticipated here. Too many people priced out in the past 5 years who are still looking to get into a detached.
6thGear. is online now   Reply With Quote
Old 07-17-2020, 08:41 AM   #16035
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
Quote:
Originally Posted by Peturbo View Post
First quote on insurance I have so far for my detached is $3000 a year
Poly B piping in one of the washrooms downstairs is driving up the quote.
Also may need to upgrade the electrical service.
What is the typical ballpark pricing I should expect 100-200 amp line upgrade?
I’m not an electrician but when I looked into this before I was told that if your power is currently off the mid-span you cannot go over 100 without your line coming directly off a pole?

The company that gave me the quote said (as far as I could remember) to go from 100 to 200 it was going to be between 4500-7000
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
This post thanked by:
Old 07-17-2020, 08:53 AM   #16036
RS has made me the bitter person i am today!
 
Join Date: Apr 2014
Location: Van
Posts: 4,798
Thanked 2,014 Times in 1,069 Posts
Failed 214 Times in 128 Posts
I know someone just sold their 5000 SQ lot house near boundary for over accessed they said, so I'm guessing at around $1.85 range. So the markets are definitely going again, I think a lot of the buyers right now pretty much are ones that have cash sitting and they are finally pulling the trigger as rates are low
JDMDreams is offline   Reply With Quote
Old 07-17-2020, 09:27 AM   #16037
I contribute to threads in the offtopic forum
 
Peturbo's Avatar
 
Join Date: Nov 2004
Location: East Vancouver
Posts: 2,605
Thanked 966 Times in 248 Posts
Failed 39 Times in 17 Posts
Quote:
Originally Posted by Hondaracer View Post
I’m not an electrician but when I looked into this before I was told that if your power is currently off the mid-span you cannot go over 100 without your line coming directly off a pole?

The company that gave me the quote said (as far as I could remember) to go from 100 to 200 it was going to be between 4500-7000
Yikes, my house currently has 70 amp line and insurance company wants to get it inspected.
May have to just upgrade to 100amp if inspection seems upgrade necessary .
__________________
My Feedback (30-0-0)
Peturbo is offline   Reply With Quote
Old 07-17-2020, 09:31 AM   #16038
Old School RS
 
lowside67's Avatar
 
Join Date: May 2004
Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
This house is just around the corner from us and now has a sold sign on it, less than a week after the listing went up:
https://www.realtor.ca/real-estate/2...rive-coquitlam

-Mark
__________________
I'm old now - boring street cars and sweet race cars.
lowside67 is offline   Reply With Quote
This post thanked by:
Old 07-17-2020, 10:52 AM   #16039
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,994
Thanked 15,174 Times in 6,083 Posts
Failed 2,081 Times in 701 Posts
Quote:
Originally Posted by Peturbo View Post
Yikes, my house currently has 70 amp line and insurance company wants to get it inspected.
May have to just upgrade to 100amp if inspection seems upgrade necessary .
I think you may be able to go from 70 to 100 just by upgrading the panel
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
This post thanked by:
Old 07-17-2020, 11:03 AM   #16040
My dinner reheated before my turbo spooled
 
Ludepower's Avatar
 
Join Date: Jan 2008
Location: Vancouver
Posts: 1,738
Thanked 939 Times in 308 Posts
Failed 206 Times in 75 Posts
I have a feeling 2020 assements are going back to 2018 assement levels.

Bank on Canada says rates are staying this low for the foreseeable future. Happy I chose variable.
Ludepower is offline   Reply With Quote
Old 07-17-2020, 11:24 AM   #16041
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,680
Thanked 772 Times in 387 Posts
Failed 152 Times in 50 Posts
Quote:
Originally Posted by lowside67 View Post
This house is just around the corner from us and now has a sold sign on it, less than a week after the listing went up:
https://www.realtor.ca/real-estate/2...rive-coquitlam

-Mark
uh looks like pricing has come down in the area...i'm like 5min east on the other side of the park and a few years ago untouched houses (clean but no renos) where that price or more

i wonder what final sale price was
blkgsr is offline   Reply With Quote
Old 07-17-2020, 04:03 PM   #16042
Need to Seek Professional Help
 
Join Date: Jan 2005
Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
Quote:
Originally Posted by 6thGear. View Post
Even though it's considered a buyers market right now one still has to be ready to buy without subject to financing/sale, monies in hand ready to go. Our buyer must've had over 10 subjects but they gave us the best offer, so we gave them 5 days to remove all subjects including subject to financing. They had it all sorted out in that time period with the bank draft deposit ready.

I think it'll turn into a sellers market sooner than anticipated here. Too many people priced out in the past 5 years who are still looking to get into a detached.
I've been following detached in Van/BBY under <1.5 for a long time now, and we're definitely in sellers market territory for this segment for a while now. There was a brief pause in April/May but this segment has rebounded right back to where it was leading up to covid.
Alpine is offline   Reply With Quote
Old 07-17-2020, 07:05 PM   #16043
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
Just an update to my previous post:

The house listed at 1.45 and sold for 1.65.

200k over asking. I'm feeling heavily discouraged. I wasn't aware the housing market picked up like that again considering where it was pre covid.

200k over list is something I just can't compete with.
Gh0st is offline   Reply With Quote
This post thanked by:
Old 07-17-2020, 08:01 PM   #16044
I subscribe to Revscene
 
DA9ve's Avatar
 
Join Date: May 2001
Location: Vancouver
Posts: 1,980
Thanked 181 Times in 66 Posts
Failed 42 Times in 9 Posts
Quote:
Originally Posted by Gh0st View Post
Just an update to my previous post:

The house listed at 1.45 and sold for 1.65.

200k over asking. I'm feeling heavily discouraged. I wasn't aware the housing market picked up like that again considering where it was pre covid.

200k over list is something I just can't compete with.
Mind showing the listing?
DA9ve is offline   Reply With Quote
Old 07-17-2020, 08:25 PM   #16045
Old School RS
 
lowside67's Avatar
 
Join Date: May 2004
Location: Port Moody
Posts: 4,599
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
Quote:
Originally Posted by blkgsr View Post
uh looks like pricing has come down in the area...i'm like 5min east on the other side of the park and a few years ago untouched houses (clean but no renos) where that price or more

i wonder what final sale price was
Not sure, but that's definitely a good price; small lot though, no backyard and 4000sf. We paid $1.2 for ours which is just a few houses down but is on a 6500sf lot with a creek in the backyard, similar level of renos.

-Mark
__________________
I'm old now - boring street cars and sweet race cars.
lowside67 is offline   Reply With Quote
Old 07-17-2020, 08:51 PM   #16046
Need to Seek Professional Help
 
Join Date: Jan 2005
Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
Quote:
Originally Posted by Gh0st View Post
Just an update to my previous post:

The house listed at 1.45 and sold for 1.65.

200k over asking. I'm feeling heavily discouraged. I wasn't aware the housing market picked up like that again considering where it was pre covid.

200k over list is something I just can't compete with.
I hate to say it, but I know from personal experience that the most recent bottom for an "entry-level" detached house in Van was July 2019. Since then, prices are up 10% minimum...

Don't be discouraged, just stick to your plan, don't get too caught up emotionally, and see how you can adjust your priorities and search criteria to find a place that works for you.
Alpine is offline   Reply With Quote
This post thanked by:
Old 07-17-2020, 08:52 PM   #16047
Need to Seek Professional Help
 
Join Date: Jan 2005
Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
Quote:
Originally Posted by blkgsr View Post
uh looks like pricing has come down in the area...i'm like 5min east on the other side of the park and a few years ago untouched houses (clean but no renos) where that price or more

i wonder what final sale price was
Looks like 2846 McCoomb Drive sold for 1.093M.
Alpine is offline   Reply With Quote
Old 07-17-2020, 09:23 PM   #16048
xxx
 
Join Date: Feb 2010
Location: vancouver
Posts: 1,405
Thanked 777 Times in 247 Posts
Failed 58 Times in 27 Posts
Quote:
Originally Posted by Ludepower View Post
I have a feeling 2020 assements are going back to 2018 assement levels.

Bank on Canada says rates are staying this low for the foreseeable future. Happy I chose variable.
lol 5 year fixed 2.94% checking in. Signed in February FML
We decided to do at least $15k in prepayments each year to help pay down the principle and reduce overall interest but the total extra interest paid over 5 years vs a rate like 2.25% still amounts to ~$30k
Oleophobic is offline   Reply With Quote
This post thanked by:
Old 07-17-2020, 09:36 PM   #16049
:inoutugh:
 
TOS'd's Avatar
 
Join Date: Feb 2008
Location: ඞ
Posts: 9,985
Thanked 5,851 Times in 1,843 Posts
Failed 970 Times in 279 Posts
Quote:
Originally Posted by Gh0st View Post
Just an update to my previous post:

The house listed at 1.45 and sold for 1.65.

200k over asking. I'm feeling heavily discouraged. I wasn't aware the housing market picked up like that again considering where it was pre covid.

200k over list is something I just can't compete with.
Even if you offered 200k over list, the subject of sale of your unit is a big yikes in a market where there is buyer demand.

Might be better to sell yours and then try to find something prior to closing of your unit. If not then temporarily rent or stay with parents/in-laws until you can find a place.
__________________
Posted from NE 1-J W Inglis Building
TOS'd is offline   Reply With Quote
This post thanked by:
Old 07-18-2020, 07:40 PM   #16050
Need to Seek Professional Help
 
Join Date: Jan 2005
Location: Van
Posts: 1,051
Thanked 542 Times in 291 Posts
Failed 27 Times in 15 Posts
Quote:
Originally Posted by DA9ve View Post
Mind showing the listing?
Now that zealty.ca is back online, i looks like it was 5828 Lancaster Street.
26 yr old house, 2650sqft, 5bd 4bth 33x130 lot. Looks to be in good condition but original condition.
Alpine is offline   Reply With Quote
This post thanked by:
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 10:04 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net