Quote:
Originally Posted by Gerbs
@JDMStyo
Curious as to which area are the majority of people looking at for $400-450k 1BR units?
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Lots of places - and it depends on if you're buy low/flip or longterm rental stability.. or considering live-in primary for yourself.
Coquitlam/Burquitlam 1BR plenty of 1BR there, concrete/highrises.
Metrotown - further from hub/older ones. BOSA Sovereign I saw one for $420k, no parking, nice steal and would rent for $1800.
Vancouver East - some of the cheaper Skytrain nearby 1BR could be in the $500's range.
It's obviously a competitive price range so anything good goes fast. Lots of people can qualify for $1500-1800/month mortgage and with rates this low more are considering buying than paying someone else's mortgage.