Quote:
Originally Posted by godwin
The reality is if you are born after the 80s, unless you in a profession that have earning power starting 100k+ pa or you manage to bat a home run like Hootsuite or QLT before. It is unlikely you will be able to buy a home in Vancouver. If you want to live and raise a family in the city, I suggest you consider forming a coop and apply to have land leased to you for a song.
|
If you mean "single detached house" by "home", then yes, I'd agree with you. But if you just mean some sort of real estate property, then I'd say you are overlooking the entire townhouse and condo/apartment market.
A friend of mine lives in an older apartment building (40+ years old) at 49th and Elliot -- arguably a pretty good area in East Van. A quick MLS search found two 850-ish sq ft. ground level units for <$300k.
V1041100, # 118 2600 E 49TH AV, Vancouver, British Columbia V5S1J8
V1036014, # 123 2600 E 49TH AV, Vancouver, British Columbia V5S1J8
I can't say whether that is an excellent deal or not because I haven't physically been inside the unit to see what it is like, but at $300k and 850-ish sq ft with a $300-ish/month strata fee, and I think it is a reasonable place for regular Joes to buy and raise a family there. If someone prefers to own and live in the city, I'm sure other similar places can be found.