When we can also HELOC one :awwyeah:

As I read this 1 of 2 of our elevators just went down with a Richmond Elevator sticker on the door. FML:pokerface:

For a card reader system? What was it made out of, platinum?

I only have 1 experience with building where an elevator was used, we built a 4 storey wood frame condo building that had 2 elevators

I spoke to a few people involved and they said If it’s not absolutely perfect in terms of the shaft, the placement of all the equipment, etc. there will almost always be long lasting issues.

Wonder what they do in terms of buildings like trump ETC that have single elevators that go up 70 stories

Better start using the staircase as practice :troll:

Already do going down ever since COVID! Unfortunately the fire door locks behind me otherwise I'd use it going up too.

Our strata uses Schindler for maintenance, but that's only because the elevators are newer Schindler models and the parts and software is proprietary. So even when we tried to shop around, companies like Otis and Richmond said they can't help us. So Schindler can then charge us whatever they want and give us terrible service (which they do) and there is literally nothing we can say or do about it. This BS must be some kind of anti-trust law violation in that they are restricting competition.

Schindler's Lift... didn't that win a lot of awards?

The elevator union is most definitely a racket.

A buddy of mine is trying to pivot from HVAC into elevators and even when knowing guys within the union to vouch for him, it's extremely hard to get in.

They keep the entrants low on purpose, and keep it nepotistic, similar to longshoremen.

Co worker's kid got in via family friend vouching, but still had to get in via some call in system 15 years ago. Entire family was calling the registration line when it opened up to apply.

Sounds like not much has changed.

So circling back to the trigger rate discussion. I upped our payments up and we got the confirmation letter mail from TD of our new terms. Our trigger rate went from 3.86% to 5.8%. Some one here mentioned that the trigger rate is calculated by your principle/interest ratio on your payments. I'm not sure what the specific calculations are with TD but it seems feasible.

I also got my confirmation letter from TD today - my trigger went up to 4.26 something so enough to weather a .75% increase without triggering. Waiting on some renovations to finish before I up my payments again.

Has anyone here (or their family/friends) gone through selling a home as part of a land assembly and can share what that process is like?

Overpromise and underdeliver.

Be prepared for a lot of waiting and a lot of lip service from the developer.

I won't go into much detail publicly but my parents were jipped nearly $1M due to a contentious choice by the city in the OCP.

All said and done, my dad still came out on top for what he could've sold his house for as a SFH but the money he received recently vs what he could've gotten in 2018 pales in comparison especially when factoring opportunity cost.

Thanks. Someone I know asked about this process as they may go through this and it got me wondering.

careful and read the fine print of any agreement. have a realtor on your side to protect your interests and not use "theirs".

be weary of qualifications in the contract (or poorly written) - i'm sure they'd love to have dibs on all the SFH's involved without having to drop a dime and only pay when it suits them, it's like land banking it for free. had to help someone out on one that fell through and damn was it grea-hee-heesy amateur hour.

A lot of municipalities have hiked their development cost charges and rezoning fees, so developers are probably going to give lowball offers.

Peak offers have set sail about 8-10 months ago but you'll probably still be up 6 figures on any type of land assembly..

Not Vancouver but..

Just got the keys for my first single family home, it's in Saskatchewan and cost 1/10th of a Vancouver teardown!

Gonna go do some light renos in Sept and rent it out.
It's been a few months of reading, flying down there to view properties / areas etc. Find out in a year if it was worth it!

So are you moving there with your Saturn sky?:troll:

If it's Regina make sure you really do your due diligence on the renter, I'd pull a credit check for sure because the quality of renter in the Queen City is not good.

A few of my family members did the rental thing there for a while and the thing they all have in common is having their rental trashed at least once and I don't mean dirty with some staining on the carpet, totally trashed almost to the point of needing a complete gut, all the copper removed from the walls ect.....

Speaking of renting, it looks like the cost of renting has been making the news again:

https://www.cbc.ca/radio/frontburner...ents-1.6552019

Not sure how accurate that $3600 figure is, but there's no question that people who are looking for rental housing today are dealing with sticker shock and high demand.

$3,600 - $4,000 in downtown is more correct.

$3,000 - $3,500 for Burnaby new towers.

Really? I feel like that stat is skewed with all the fully furnished luxury stuff available. I think you can still get somewhere pretty nice in the $2500 range

https://vancouver.craigslist.org/sea...date=all+dates

That's wild, if we are talking about core downtown there isn't anything sub $3,600. The 2 to 3 listings at $3,000 look like scammers trying to steal your security deposit or charge you $50 - 100 deposit to view the unit but it's a scammer. Basement suites seem to be available for $2,500 and below but not in core downtown / mount pleasant area. I can't believe there's so many $5K - 12K/month suites as well.

I'm only looking in the downtown area because I presume these articles are mainly talking about city centre.

Add utilities, internet, mandatory tenant insurance and we are looking at an additional $300 on top.

so I just did a quick check on craiglist for what an unfurnished 1br is going for in my old tower in yaletown.

about 15 years ago, 1 br about 600 sq ft was going for $1300 a month or so.

10 years ago, it was $1600

5 years ago it was $1800 - $2000

today they are going for $2600

westopher is right, there are a lot of furnished listings now, way more than I can remember.