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Old 07-24-2020, 03:32 PM   #16115
Gerbs
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Quote:
Originally Posted by JDMDreams View Post
Under $500 for 2 bed room is tough. Joyce I would say is still best value in Van, as prices are still dragged down by the wall center units. And there is sky train. You might be able to stretch a larger one bed and den in the existing towers. Keep in mind you're getting concrete highrise and not wood frame.
I saw these listings within the low $400's range, sales history on these older units show that they're closing for around 3 - 8% below listing but I have no idea what how the building is doing. Strata is a bit high but if it's a 2bedroom and I can rent out the other room that's not a issue.



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Quote:
Originally Posted by Hehe View Post
I think with the whole insurance crap going on, I'm not sure if finding a condo/apartment is the wisest option in the longer term.

Assuming you want to have easy/quick access to Skytrain, just start looking along the skytrain lines. I might suggest a fixer-upper TH or duplex along the line (albeit further away).
I think my holding period is around 5 - 7 years. My thought process would be to sell my place + SO sell her condo and we'll pool the money on a downpayment for a TH / entry level detached home. But I don't think we need to upgrade to something that big untill we consider kids and I don't see myself having kids till I'm mid 30's lol.

I can't qualify for a $600 - 800k duplex/townhouse in Burnaby, it'd be great if I could haha. But I don't think anyone is able to buy a property that expensive in their 20's without having help from family or a SO. I've also received recommendations that I stay on the lower range of the purchase price $400 - 450k since it's my first home. Who knows if I will move south or east for work later on.
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Last edited by Gerbs; 07-24-2020 at 03:48 PM.
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