Vancouver's Real Estate Market

[JDMDreams]

Gas prices have tripled too, why isn't it $1 a liter

[Manic!]

Originally Posted by JDMDreams

Gas prices have tripled too, why isn't it $1 a liter

Because gas companies know they can charge what ever they want.

To many people start renting out places without knowing the rules.

[PeanutButter]

Originally Posted by Manic!

In the last 10 years rents and property values have also doubled to tripled. You can't have it both ways.

You are correct.

That doesn't change the fact that many families still have mortgages, and if their rates are going up (expenses), one would think they could raise the rate of the product they are selling (rental housing).

I don't see how it's having it both ways? The landlord like all business owners take all the risk, they should get all the reward. That's how a capitalistic society works. The government is essentially making landlords subsidize renters by capping rental rates.

The rental rates should go up with CPI inflation rates, not some arbitrary number a small number of people make up.

[westopher]

There are stipulations to capitalism in canada and this happens to be one of those things. GP rents on commercial spaces have gone up and they don't get to abide by supply and demand either.

[PeanutButter]

https://www.redfin.ca/bc/vancouver/3...home/155685477

House right next to the skytrain.. Apparently the builder is super motivated as the carrying costs are high for them..

It's literally next to a skytrain though. This price for a move in detached in Vancouver might be the best deal in the city. I wonder how bad it is when the trains come by.

[Liquid_o2]

I wouldn't pay $1,000,000 for that house and live underneath a Skytrain guide rail.

Not only that, but it is feet away from a rectifier station for the Skytrain

[Traum]

An ex used to live in the townhouses right next to the Joyce Skytrain station, and it is LOUD. Esp at the 3rd floor where you are more or less level with the track, you hear every noise that the Skytrain makes.

[TypeRNammer]

Originally Posted by Liquid_o2

I wouldn't pay $1,000,000 for that house and live underneath a Skytrain guide rail.

Not only that, but it is feet away from a rectifier station for the Skytrain

Actually that particular rectifier station is to power the trolley wires for buses

Tons of them scattered though Vancouver in different shapes and sizes.

https://maps.app.goo.gl/2VQnkQyuV4YYxm3b9

This one is on Joyce


80 Central Blvd
https://maps.app.goo.gl/vkgndLAvbWExpRz78

This one is by Metrotown to power the trolley wires in the Burnaby area.

288 E 33rd Ave
https://maps.app.goo.gl/K6QDaEMhYn6bkd598
Another one along 33rd ave

[Hondaracer]

Might be a decent investment long term given that people seem increasingly concerned with the noise level of the train

[6793026]

holy f, i saw the pic and thought it's decent house until i did google map and saw the exact location LOL.

[PeanutButter]

https://www.redfin.ca/bc/vancouver/2...home/155687600

This is a cool looking house. Not sure if I would want to be that close to the PNE though... $3M for this in our city seems like a fair price.

[Gerbs]

Originally Posted by Traum

An ex used to live in the townhouses right next to the Joyce Skytrain station, and it is LOUD. Esp at the 3rd floor where you are more or less level with the track, you hear every noise that the Skytrain makes.

Can confirm loud af.

However, if they only used the blue skytrains aka new ones. It's somehow quiet.

[Badhobz]

I’m sure it’s still not as bad as living underneath the flight path to YVR. My buddy lives in one of those low rise condos next to the Walmart and planes go over his apartment every 5 minutes. I’m like how the fuck do you live ?! It’s 24:7 too. At least skytrain stops at like 3am or something.

[Hondaracer]

Originally Posted by Badhobz

I’m sure it’s still not as bad as living underneath the flight path to YVR. My buddy lives in one of those low rise condos next to the Walmart and planes go over his apartment every 5 minutes. I’m like how the fuck do you live ?! It’s 24:7 too. At least skytrain stops at like 3am or something.

When I was in LA we had a hella wait to pick up our rental car from budget or whatever east of the airport, the whole rental car area has quite a large appartment complex right behind it, and it’s directly in the path of all the heavies flying in lol… while we were there for 2 hours or so it was nothing but 747, triple 7, a380 etc.

The ground shook when they flew over because it was basically final approach they were super low, I could only imagine what it was like in those appartment lol

[carsncars]

Originally Posted by PeanutButter

https://www.redfin.ca/bc/vancouver/2...home/155687600

This is a cool looking house. Not sure if I would want to be that close to the PNE though... $3M for this in our city seems like a fair price.

Dang I'm a sucker for that window behind the kitchen countertop. Nice house.

Does that area of Van (north of PNE) still smell of rotting chicken in the summer though? I had a friend that used to rent in that area and it was not pleasant...

[Badhobz]

i thought they closed down that hallmark poultry plant near east hastings?

too many residences (my parents included) complained.

[Hondaracer]

Still smells from time to time, depends where you are

We live almost right in line with it although we are in a block off the east/west streets, I never smell it sitting on my porch etc, not once.

But sometimes when I’m walking over by say, nanaimo and adanac, definitely get that whif of death.

In regards to that house above, Trinity and that most of that side north of McGill is super nice and I’d prefer to he there over many other areas in east van, the issue is it becomes a bit far for walking with groceries, booze etc you’re kinda forced to drive for most things

[twitchyzero]

do the boats or trains there blow their horns like in the fraser river area?

[Hondaracer]

When there’s fog occasionally but again, it’s nothing that I ever thought about or was bothered by.

Sleeping we have an air purifier going and the hum of that alone drains out almost any sound.

Will say, on most clear days though the 9 o’clock gun definitely shakes our house lol

[JDMDreams]

That area is still kinda ghetto considering how many trucks cars go through it daily on McGill. Also you have all the events from pne bringing in the randoms + noise.

[Mikoyan]

Originally Posted by Badhobz

I’m sure it’s still not as bad as living underneath the flight path to YVR. My buddy lives in one of those low rise condos next to the Walmart and planes go over his apartment every 5 minutes. I’m like how the fuck do you live ?! It’s 24:7 too. At least skytrain stops at like 3am or something.

There used to be a house in Richmond between the 99/oak St bridge, and west of the Tims on Bridgeport. They had "Fuck YVR" spelled out on the roof large enough you could see it on Google maps, and I saw it out the window on a flight landing at YVR as well. I wonder if you can get previous years Google maps data, as they built an Office/business park on that location now.

[Razor Ramon HG]

Originally Posted by Mikoyan

There used to be a house in Richmond between the 99/oak St bridge, and west of the Tims on Bridgeport. They had "Fuck YVR" spelled out on the roof large enough you could see it on Google maps, and I saw it out the window on a flight landing at YVR as well. I wonder if you can get previous years Google maps data, as they built an Office/business park on that location now.

It was up from 2008 to 2014. House was torn down in 2019.

Wonder if someone made them take it down, lol.

[PeanutButter]

Can someone explain to me what this little space is for? Like, what's the purpose of this?

[68style]

Jerkoff station

[supafamous]

https://x.com/j_mcelroy/status/1709670961468092419?s=20

The average selling price for a detached home in Greater Vancouver decreased by 7.6% last month, the biggest decrease since February 2019.

Which meant that it went for *only* $2.2 million.

It's buying season boys!