Quote:
Originally Posted by dave123
No burst, prices in vancouver have all gone up.
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We're currently looking to sell our condo around kits area. We also considered selling 4 years ago. Market price back then probably around 420k. Then our building got hit with a full envelope remediation and rain screen. For our share we had to pay 40k. The building looks new from the outside, has a 10year warranty and peace of mind. And now that we're ready for a bigger place, the market value is maybe 420k if we're lucky. So no, prices in Vancouver have not all gone up. You have to look at the area and type of home as well.
The single detached homes, and new houses with 2 basement suites and a laneway house being built, are what is driving the market average up and making everything seem hotter than it actually is.