Housing 'bubble' in Vancouver
#121
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
Dropped my last passenger tonight at Steveston and it took me 40 mins to get back to under the Oak St Bridge. Picked up my car and spent 40 mins getting from McGill to the other side of the 2nd Narrows. Just wait til all these lovely condos open up and they all arrive with their two cars. Cant wait.
#122
BE Enthusiast
Joined: Mar 2014
Location: Mission and loving it
Posts: 464
Re: Housing 'bubble' in Vancouver
Dropped my last passenger tonight at Steveston and it took me 40 mins to get back to under the Oak St Bridge. Picked up my car and spent 40 mins getting from McGill to the other side of the 2nd Narrows. Just wait til all these lovely condos open up and they all arrive with their two cars. Cant wait.
#123
Forum Regular
Joined: Jun 2009
Location: Downtown Toronto
Posts: 270
Re: Housing 'bubble' in Vancouver
Good friends of ours just sold their house in Toronto for 550k, upped and moved to Vancouver (moving costs/hassle were enormous) and have just bought a downtown Vancouver house for somewhere in the region of 850k. No idea how they can afford it other than getting a mega 30 year mortgage.
We do wonder why they would go through all that just to live there, especially as they have family in TO. There must be something special about the place.
We do wonder why they would go through all that just to live there, especially as they have family in TO. There must be something special about the place.
#124
slanderer of the innocent
Joined: Dec 2008
Location: Vancouver, BC
Posts: 6,695
Re: Housing 'bubble' in Vancouver
it's the best climate in canada and the city with the nicest views, that's what's special about the place. oh, and that you can ski, snowboard, sail, etc all within minutes of DT.
#125
slanderer of the innocent
Joined: Dec 2008
Location: Vancouver, BC
Posts: 6,695
Re: Housing 'bubble' in Vancouver
Dropped my last passenger tonight at Steveston and it took me 40 mins to get back to under the Oak St Bridge. Picked up my car and spent 40 mins getting from McGill to the other side of the 2nd Narrows. Just wait til all these lovely condos open up and they all arrive with their two cars. Cant wait.
#127
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
Traffic is bad in the whole region, doesn't really matter where you live any more. You can't escape the traffic...
#128
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
Good friends of ours just sold their house in Toronto for 550k, upped and moved to Vancouver (moving costs/hassle were enormous) and have just bought a downtown Vancouver house for somewhere in the region of 850k. No idea how they can afford it other than getting a mega 30 year mortgage.
We do wonder why they would go through all that just to live there, especially as they have family in TO. There must be something special about the place.
We do wonder why they would go through all that just to live there, especially as they have family in TO. There must be something special about the place.
#129
Re: Housing 'bubble' in Vancouver
Better access to the outdoors is what people have told me. There seems to be some point to it, as they are closer to nicer outdoor stuff then Vancouver is.
Traffic is bad in the whole region, doesn't really matter where you live any more. You can't escape the traffic...
Traffic is bad in the whole region, doesn't really matter where you live any more. You can't escape the traffic...
#130
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
E Hastings is especially bad which was my main route when I lived there, took forever on the bus.
Hwy is only bad when the suburban rush goes to work and leaves for work, the rest of the day, you can pretty much go the speed limit and not get stuck in much traffic except on the bridge to/from the north shore, but the way they built it and have the lanes is poor which creates congestion where none should be if properly designed.
Vancouver is ranked at the top of congestion for a reason, anyone who says there isn't, well I don't know what they see.
Depending on who did the research and report Vancouver consistently ranks in the top 3 spots for worst traffic in North America.
Most recent one I saw placed Vancouver at # 2 behind Los Angeles.
If its so grand as people say, how does Vancouver consistently rank one of the worst for traffic?
Traffic costs the economy money in both lost time and wasted gas sitting in idle. Idling and stop and go uses more gas and causes more pollution then cars moving consistently without having to constantly sit, stop and go.
Metro Vancouver really needs to build the transit infrastructure needed to adequately handle the volume which they currently can't.
On some of the busy routes, its not uncommon to have to wait for 4+ buses before one has room. I used to take the 135 on a regular basis, and during rush hour, it was always full by the time it got to my stop, more then once I had to wait for 4 or 5 buses before one took passengers.
Got to bad, I walked to the sky train instead, and its not exactly a short walk from the PNE area to the closest sky train. But it was more reliable.
The politicians need to stop playing games, and pay for the transit infrastructure, stop worrying about being re-elected, people are gonna be pissed, but just raise taxes to pay for it. Its not that hard.
It just irritates me how bad some parts of the transit system is and the lack of increase in capacity to handle the volume of people using it. I had a lot of time sitting on a bus for 45 mins to an hour for a drive that should be 20-25 mins at most.
Last edited by scrubbedexpat091; May 1st 2015 at 2:50 am.
#131
Re: Housing 'bubble' in Vancouver
All it takes is one smash and living in the city with the worst drivers on the planet its never far off. I saw a person almost hit a parked car yesterday doing about 20kms. They missed the back, swerved into the next lane, narrowly missing another car and swerved back almost taking off the front of the still parked car, staggering. It really did made me LOL.
#132
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
Vancouver Real Estate: Shaughnessy House Sells For $2 Million Above Asking
And I thought the mini house that sold last week for a million something was bad.
And I thought the mini house that sold last week for a million something was bad.
#133
Re: Housing 'bubble' in Vancouver
Vancouver Real Estate: Shaughnessy House Sells For $2 Million Above Asking
And I thought the mini house that sold last week for a million something was bad.
And I thought the mini house that sold last week for a million something was bad.
#134
Account Closed
Joined: Jan 2006
Posts: 0
Re: Housing 'bubble' in Vancouver
It's Vancouver where a crack shack can sell for 700,000+
This one made the news this week as well. 12 feet wide, 940sq feet 1.35 million.
Predictions are by 2030 average home price in Vancouver will be 2 million.
Not sure how people are buying these houses.
http://www.ctvnews.ca/business/locat...-35m-1.2349807
This one made the news this week as well. 12 feet wide, 940sq feet 1.35 million.
Predictions are by 2030 average home price in Vancouver will be 2 million.
Not sure how people are buying these houses.
http://www.ctvnews.ca/business/locat...-35m-1.2349807
#135
Re: Housing 'bubble' in Vancouver
All it takes is one smash and living in the city with the worst drivers on the planet its never far off. I saw a person almost hit a parked car yesterday doing about 20kms. They missed the back, swerved into the next lane, narrowly missing another car and swerved back almost taking off the front of the still parked car, staggering. It really did made me LOL.