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09-23-2020, 11:33 PM
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#16401 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
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I'm in Central Coquitlam and i'm amazed to see all of the brand new 2.0-2.7M houses that sat on the market for a year sell in quick succession over the last 2-3 months... either new $ is entering the market or the $ that's already here is buying again and given these prices they can't be locals...
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09-24-2020, 09:27 PM
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#16402 | | Rs has made me the woman i am today!
Join Date: Mar 2006 Location: Vancouver
Posts: 4,133
Thanked 2,976 Times in 1,368 Posts
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| Quote:
Originally Posted by Alpine  I'm in Central Coquitlam and i'm amazed to see all of the brand new 2.0-2.7M houses that sat on the market for a year sell in quick succession over the last 2-3 months... either new $ is entering the market or the $ that's already here is buying again and given these prices they can't be locals... | Some of those might be people sitting on 1m+ condos in OV or DT and moving out to the burbs because they all of a sudden need the space and no longer have a commute.
OV is a disaster waiting to happen imo(maybe disaster is too strong a word) but a lot of similar aged professionals live there; all of them are having kids or had kids in the last few years and kindergarten enrollment is a clusterfuck. Now you add that in with no longer having to commute to DT I'm just waiting for a massive selloff there.
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09-24-2020, 11:37 PM
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#16403 | | 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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What makes you think WFH is permanent? Many people are slacking and getting nothing done besides logging in on time and moving their mouses. Their bosses are itching to get them back into the offices once covid passes.
A downtown condo will always be a safe investment. Condos in outlier cities will be the first to fall.
Last edited by Ludepower; 09-24-2020 at 11:44 PM.
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09-24-2020, 11:46 PM
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#16404 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,567
Thanked 5,004 Times in 1,845 Posts
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| Quote:
Originally Posted by Ludepower What makes you think WFH is permanent? Many people are slacking and getting nothing done besides logging in on time and moving their mouses. Their bosses are itching to get them back into the offices once covid passes. | LOL my boss is still working from home. I had to call him today to pick his brain about something, and the fucker was out taking a walk on the beach.
I'm not going back in until he does.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
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09-25-2020, 08:00 AM
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#16405 | | I told him no, what y'all do?
Join Date: Aug 2006 Location: Vancouver
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obviously he was taking meetings/business calls while on the beach
either that, or it was just a virtual background he selected   
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09-25-2020, 09:31 AM
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#16406 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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Our company accepteed that WFH works but we just bought a new HQ. So the bosses want people back to fill in the nice office haha.
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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09-25-2020, 11:15 AM
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#16407 | | My homepage has been set to RS
Join Date: Mar 2004 Location: East Van
Posts: 2,160
Thanked 854 Times in 422 Posts
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Originally Posted by Great68 LOL my boss is still working from home. I had to call him today to pick his brain about something, and the fucker was out taking a walk on the beach.
I'm not going back in until he does. | My boss made everyone go back into the office at the end of June. But he only comes in two to three times a week for 3 to 4 hours a day. 
I don't mind going into the office, but don't make people go back unless you are setting an example.
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09-25-2020, 03:07 PM
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#16408 | | Rs has made me the man i am today!
Join Date: Dec 2003 Location: Cnd
Posts: 3,077
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Certain federal government office announced to expect to work from home until April 2021 the earliest, and would reassess at that time to see whether or not to continue.
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09-25-2020, 04:41 PM
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#16409 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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If there's no vaccine I don't see people returning to the office anytime soon.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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09-25-2020, 04:52 PM
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#16410 | | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
Posts: 4,180
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Our company isn't going back into the office until early 2021 at minimum. At that, we've already started transitioning from working from home 90% of the time anyways.
Don't sleep on it, for as many old school boomer bosses that want to see butts in chairs, there are companies that want to cut their leasing and rental costs and trust their employees to work from home as long as productivity doesn't dip.
Disability claims are also a major factor. Roughly 30-40% of disability claims nowadays are mental health related, much of those issues arise from having to be in a physical office, especially if you work in an office with different personalities that don't align well.
I highly doubt you will see a shift back to fully working in the office in the future here.
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09-25-2020, 05:04 PM
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#16411 | | Rs has made me the woman i am today!
Join Date: Mar 2006 Location: Vancouver
Posts: 4,133
Thanked 2,976 Times in 1,368 Posts
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| Quote:
Originally Posted by Ludepower What makes you think WFH is permanent? Many people are slacking and getting nothing done besides logging in on time and moving their mouses. Their bosses are itching to get them back into the offices once covid passes.
A downtown condo will always be a safe investment. Condos in outlier cities will be the first to fall. | I don't think I meant to make a blanket statement saying everyone will be working from home, and I think you should the other way. I'd say even half of the office workforce working from home or only going to office 1 or 2 days a week would make a big impact already.
There's no plans for my company to go back anytime soon, everyone is already expecting to WFM until at least next summer, some people have already publicly announced they don't plan to go back to the office. I don't think productivity has lapsed and management sees that.
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09-25-2020, 08:46 PM
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#16412 | | Proud to be called a RS Regular!
Join Date: Nov 2013 Location: YVR
Posts: 106
Thanked 73 Times in 18 Posts
Failed 4 Times in 2 Posts
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Originally Posted by Ludepower What makes you think WFH is permanent? Many people are slacking and getting nothing done besides logging in on time and moving their mouses. Their bosses are itching to get them back into the offices once covid passes.
A downtown condo will always be a safe investment. Condos in outlier cities will be the first to fall. | Survival of the fittest is very simple. Enjoying the flexibility of WFH but not meeting your KPIs? Well, get the fuck out cause there's someone else willing to take your job, it's that simple. Either adapt or be replaced.
Also, always statements are almost never true.
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09-25-2020, 09:14 PM
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#16413 | | Rs has made me the woman i am today!
Join Date: Sep 2006 Location: Vancouver
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I don't think anyone should assume WFM is permanent and start buying/selling homes around that basis lol. Unless you get it on damn writing signed by the employer you are allowed to WFM permanently, I'd take anything temporarily.
My company is old school in terms of business practice, but they have made zero intent to even consider going back to office. Mainly because there is a lot of cases in the USA and when decisions are made it has to be done to both USA and Canada. E.g. Can't be we'll keep office closed for USA but make everyone in Canada to go back to office.
I was listening to the radio the other day and they were saying 1/3 of people are still working from home, which makes the remaining 2/3 going to office. Today I had to head to the office since Covid started for a meeting and the traffic was ridiculous (even trying to come home around 2-3pm middle of the day).
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09-26-2020, 12:45 PM
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#16414 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Aug 2007 Location: Paradise, BC
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Whoa~ This is kind of unexpected... https://www.straight.com/news/vancou...m-august-highs Quote:
In August, a total of 490 condo units sold in Vancouver.
As of this posting September 25, fisherly.com recorded 202 condo sales so far this month.
Last month, 212 detached homes changed owners.
September sales so far show 114 freestanding houses sold in the city.
As for townhouses, 99 sold in August.
As of September 25, only 49 townhouses have been purchased.
...
RBC Economics previously issued a report noting that pent-up demand for homes drove real estate sales in the country this summer.
However, according to the bank’s report, this demand is largely spent, and that the market’s momentum is expected to decelerate in the fall.
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09-26-2020, 03:23 PM
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#16415 | | Need to Seek Professional Help
Join Date: Jan 2005 Location: Van
Posts: 1,041
Thanked 539 Times in 290 Posts
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Not sure what the split per city is but rebgv is going to post some strong sales for september. I think we will likely see 3500+ sales.
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09-28-2020, 12:22 PM
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#16416 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,845
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Anyone having issues finding decent tenant at the moment? I've been lowering the price of the unit by $100 every 2 weeks.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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09-28-2020, 01:22 PM
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#16417 | | Pull Out Towing. Women rescued for free.
Join Date: Mar 2002 Location: Hongcouver
Posts: 8,449
Thanked 2,414 Times in 1,283 Posts
Failed 128 Times in 71 Posts
| Quote:
Originally Posted by Gerbs Anyone having issues finding decent tenant at the moment? I've been lowering the price of the unit by $100 every 2 weeks. | Where have you been posting?
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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09-28-2020, 01:45 PM
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#16418 | | Captain Happy Bubble is my Homeboy
Join Date: Jul 2016 Location: Calgary/Vancouv
Posts: 329
Thanked 596 Times in 107 Posts
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Originally Posted by Gerbs Anyone having issues finding decent tenant at the moment? I've been lowering the price of the unit by $100 every 2 weeks. | yes having this problem as well.
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09-28-2020, 02:01 PM
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#16419 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,567
Thanked 5,004 Times in 1,845 Posts
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My Father in Law passed away a couple weeks ago so my Mother in Law will be listing her house in Burnaby (near Highgate) pretty soon as she wants to move to the island.
2019 assessment was 1.2 mil
2020 assessment was 1.0 mil
This should be interesting to see how it goes.
The only thing that sucks for her is that mainland housing capital flight to the island in the last couple years had a big effect over here and prices have come up so much on this end you don't get a whole lot more for your money anymore.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
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09-28-2020, 02:02 PM
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#16420 | | I subscribe to the Fight Club ONLY
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,464
Thanked 2,400 Times in 1,005 Posts
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^ can you tell us more...
location? size?
I'm sure if you're downtown where there is an abundance... it might be issue.
Same as Richmond with the nicer buildings with tons of people leaving due to COVID and no foreign exchange student.
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09-28-2020, 02:15 PM
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#16421 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,567
Thanked 5,004 Times in 1,845 Posts
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Location is on Salisbury in Burnaby, just down the street from Highgate.
Lot: 3800sqft
House built 1987
Square footage of the house, not 100% sure but probably around ~2000
5 bed, 3 bath, 2 kitchens (can be 2 full separate suites)
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
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09-28-2020, 02:19 PM
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#16422 | | I subscribe to the Fight Club ONLY
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,464
Thanked 2,400 Times in 1,005 Posts
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Originally Posted by Traum | Have to give people benefit of the doubt, but numbers are always skewed. Thank you for this; every realtor I speak, they all say the market is fast, crazy and people are still buying so it's interesting to see a diff perspective.
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09-28-2020, 02:35 PM
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#16423 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,845
Thanked 2,557 Times in 980 Posts
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Originally Posted by SumAznGuy Where have you been posting? | FB Marketplace + Vansky. However, the quality of candidates from FB is awful.
I'm going to toss it onto CL and Zumper too.
__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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09-28-2020, 03:06 PM
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#16424 | | Pull Out Towing. Women rescued for free.
Join Date: Mar 2002 Location: Hongcouver
Posts: 8,449
Thanked 2,414 Times in 1,283 Posts
Failed 128 Times in 71 Posts
| Quote:
Originally Posted by Gerbs FB Marketplace + Vansky. However, the quality of candidates from FB is awful.
I'm going to toss it onto CL and Zumper too. | Give that a try but the number #1 rule, don't take the first candidate out of desperation. Do a full back ground check.
With the way the rules are written, it's hard as F to get rid of a bad tenant.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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09-28-2020, 03:08 PM
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#16425 | | Pull Out Towing. Women rescued for free.
Join Date: Mar 2002 Location: Hongcouver
Posts: 8,449
Thanked 2,414 Times in 1,283 Posts
Failed 128 Times in 71 Posts
| Quote:
Originally Posted by Great68 Location is on Salisbury in Burnaby, just down the street from Highgate.
Lot: 3800sqft
House built 1987
Square footage of the house, not 100% sure but probably around ~2000
5 bed, 3 bath, 2 kitchens (can be 2 full separate suites) | Let us know how it goes. I am curious to see how well it sells.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing | |
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