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Alpine · 05-20-2013, 01:26 PM

Looking to move out within the next year or two and it is increasingly frustrating to see what people are willing to pay...
Apologies for the upcoming rant...

Checked out shoreline, the new development by polygon at Kent & Kerr in East Van. 2Bds start from 400 and run to about 550 (roughly $500/sqft), but strata fees are estimated to start at $0.38/sqft! That only covers heat, hot water, gas and the city water bill. Amenities will be restricted to a fitness room & a shared common lounge. The first phase was about 40% sold (most, if not all of the cheaper 2bds were taken) but I cannot imagine paying $360-400 a month in strata for those amenities. In comparison, the units at false creek that I've looked at were estimating strata fees at $0.35/sqft but that includes security, concierge and A/C in addition to covering heat, hot water and gas.

I've been following the alleged housing bubble and MOI/sales for the past year or so and my real estate outlook is quite bearish... but going out there and visiting some of the presale condos has me quite frustrated and confused.

05-20-2013, 01:26 PM	#577
Alpine Need to Seek Professional Help Join Date: Jan 2005 Location: Van Posts: 1,070 Thanked 550 Times in 295 Posts Failed 27 Times in 15 Posts	Looking to move out within the next year or two and it is increasingly frustrating to see what people are willing to pay... Apologies for the upcoming rant... Checked out shoreline, the new development by polygon at Kent & Kerr in East Van. 2Bds start from 400 and run to about 550 (roughly $500/sqft), but strata fees are estimated to start at $0.38/sqft! That only covers heat, hot water, gas and the city water bill. Amenities will be restricted to a fitness room & a shared common lounge. The first phase was about 40% sold (most, if not all of the cheaper 2bds were taken) but I cannot imagine paying $360-400 a month in strata for those amenities. In comparison, the units at false creek that I've looked at were estimating strata fees at $0.35/sqft but that includes security, concierge and A/C in addition to covering heat, hot water and gas. I've been following the alleged housing bubble and MOI/sales for the past year or so and my real estate outlook is quite bearish... but going out there and visiting some of the presale condos has me quite frustrated and confused.