Oh, man. That sounds like hell. In the nice neighborhood I'm in, you get 2000 square foot brick houses in good condition in small urban lots for that ballpark. I know, location, location, location, but sweet Jesus. I think for a million bucks I could get a small castle here.
It's pretty fucked.
Here's a pretty typical house there:
https://www.rew.ca/properties/318486...e-vancouver-bc
The street it's on is a major artery and the neighborhood is not particularly nice. It's about a block off another major arterial road, so huge intersection.
It will most likely sell for about 1.7 million. Detached homes typically list for around 15% below sale price.
Again this is a city with a median household income of under $60,000 US.
The woman who my wife used to be the EA to, a doctor in charge of a major government ministry, and her lawyer husband, recently moved away because they couldn't afford to buy a house there.
I forget that it's not common knowledge worldwide. But it's San Francisco real estate prices, with Boise Idaho income levels.
The whole market is driven by money from mainland China. It's the largest industry in the province: selling real estate to the Chinese. That's not hyperbole, that's actually the largest industry. It essentially destroyed the province. Nobody would intervene because admitting it was even happening was seen as racist, and Canadian state media denied it was happening for many years, running fake articles about how the racist misinformation about Vancouver real estate had been debunked again and again.
But eventually even state media had no choice but to pivot around on the issue, after a series of inquiries made the information totally unavoidable.
Fifteen years too late to stop it, of course.
This is a thread where I built a boat I designed and which I very occasionally update with accounts of using it, which is really fun as long as I'm not driving over logs and blowing up the outboard.
https://pistol-forum.com/showthread....ilding-a-skiff
On Zillow right now, and $1.6 mil is enough to get you a 3bd/3bath 1750sq ft ocean front duplex on Sanibel Island.
And that's Covid Mass Exodus pricing.
"You win 100% of the fights you avoid. If you're not there when it happens, you don't lose." - William Aprill
"I've owned a guitar for 31 years and that sure hasn't made me a musician, let alone an expert. It's made me a guy who owns a guitar."- BBI
"You win 100% of the fights you avoid. If you're not there when it happens, you don't lose." - William Aprill
"I've owned a guitar for 31 years and that sure hasn't made me a musician, let alone an expert. It's made me a guy who owns a guitar."- BBI