Vancouver housing prices

[creaturecat]

It has gone from the ridiculous to "you gotta be f'n kidding me"

Only 3.2 MILLION.
No wonder it's inexpensive.
Not the greatest neighbourhood. It IS a tear-down.

[creaturecat]

No view.
Not even close.
Busy street. The sound of traffic from Granville St., 24 hrs a day
49th, one street over. A major high volume street.

[LakeCleElum]

Those fleeing Hong Kong years ago brought a lot of money with them........

[creaturecat]

Some corporations are starting to plan a move to Toronto.
They cannot attract quality employees that are wanting to raise a family, in a house.

[Bugsinrugs]

Real estate is going crazy in Sydney, Australia. Chinese money is causing prices to go to astronomical levels.

[AFC-911]

Is there anywhere to build there anymore? I think lack of available land plays a big factor.

[creaturecat]

Originally Posted by AFC-911

Is there anywhere to build there anymore? I think lack of available land plays a big factor.

Lane way houses. Everywhere. 350000, min. to build 1000 sq ft. 50-70k in permits, alone.
They are totally ruining neighbourhoods.
One day you have a view. Next month: 20 ft high structure with a family of renters. No view. No privacy.

[Hawkeye's-911T]

Lane way houses.

Isn't that one of Mayor Moonbeam's favourite things?

Cheers
JB

[creaturecat]

Wanna save a few bucks?
Only 1.5 M
This is in a neighbourhood full of crack-heads.

[Hugh R]

Wow, I visit Vancouver 3-4 times per year. Near Granville, blows my mind for that house.

[Evans, Marv]

They are saying lack of land for building will have a huge effect soon in the County I live in. For that reason, they are building vertically down town. Like the Pope just said, there's no reason to breed like rabbits - plus lots of rabbits are moving in from the outside.

[creaturecat]

Originally Posted by Hugh R

Wow, I visit Vancouver 3-4 times per year. Near Granville, blows my mind for that house.

You shoulda invested, Hugh, back when you first hit this town. The appreciation has been beyond phenomenal.

[creaturecat]

Originally Posted by Hawkeye's-911T

Isn't that one of Mayor Moonbeam's favourite things?

Cheers
JB

This is Moonbeam's new "favourite thing".
I believe she is a rock star, of some sort.

[Hugh R]

Originally Posted by creaturecat

You shoulda invested, Hugh, back when you first hit this town. The appreciation has been beyond phenomenal.

Yep, been going there for about 15 years. I think its cheaper to rent a room at the Sutton Place. BTW, I'll be there the first week of February for a few days. If you want to grab a beer. Once Upon a Time and Mistresses are filming there.

[creaturecat]

Originally Posted by Hugh R

Yep, been going there for about 15 years. I think its cheaper to rent a room at the Sutton Place. BTW, I'll be there the first week of February for a few days. If you want to grab a beer. Once Upon a Time and Mistresses are filming there.

I am planning a ski vacation, first part of Feb., Hugh.
Going to hit Apex Mountain, outside Penticton.
If I am still around town, I would love to buy you a beer.

[Hugh R]

I think I'll be there Feb 3-6

[creaturecat]

900000

Total crack-head neighbourhood.
Riff-Raff in the alley. Always.

[jorian]

I'm pretty sure that lot off Granville is a multi family development site. Still crazy expensive though. Cap rates in the mid 2s. I bought in 2008 at what I thought was the peak just before the meltdown. My place has increased by about 75% since then. I keep saying it's not sustainable but every year has a double digit gain over the last.

[creaturecat]

We bought ours in '05. Thankfully.
300% appreciation. Real figures.
We're outa here. Had enough of Vancouver.
It will be a great place to visit.

[Mark Henry]

I'll never get the living in the city mindset. A nice nice place to visit, work if you have to, but no thanks.