700k budget
 

Where to buy a house with this budget around the GVA?

Re: 700k budget
 

Re: 700k budget
 

Is that your deposit?

Re: 700k budget
 

15 years ago you could have bought the Province of Saskatchewan with that :rofl:

Re: 700k budget
 

500K can be a deposit...

Re: 700k budget
 

Maybe I should rephrase - where would you buy with a firm $500K deposit plus extension by another 200-400 (lower the better)

Family with 2kids...etc...low crime, nice surroundings haha

Re: 700k budget
 

Where's that magic wand? :lol:

Re: 700k budget
 

So in Oakville, where I am (and I'm just using this as an example since I know the market here), most houses for a family like yours would probably go for $700-$1M, depending on the area and how lavish a house you want.

So with $500k as your downpayment, you won't have any issues. As a new immigrant, expect to have to put down 20-30% (depending on the bank). So even on a $1M house, 30% is "only" (I use that loosely) a $300k down payment. So $500k gives you quite a bit to work with.

Hope that helps!

Re: 700k budget
 

I have a friend who just bought a house in Tsawwassen which is technically in the Metro Vancouver region, was 705,000.

Re: 700k budget
 

Where in Greater Vancouver do you want to be though?

If you're talking as far east as 275st, your budget will get you a very nice house. Glen Valley, Fort Langley, Brookswood, South Langley etc, or on the other side of the Fraser in north Maple Ridge towards Alouette/Golden Ears Park.

Re: 700k budget
 

500k is quite a lot but personally prefer inner Vancouver ...i hear east is actually ok too

Re: 700k budget
 

700k
Townhouse on westside van
Detached house on busy street in east van burnaby, or tear down
House in better street coquitlam
Even better Poco
Lovely house Langley, parts of surrey, maple ridge but potential long commute
Delta, tsaw.

Re: 700k budget
 

I think Maple Ridge would suit this OP (based on the detailed info he has provided). :lol:

Re: 700k budget
 

Sarcastic Shard strikes again

ExKiwi- thanks, we looked at coquitlam on the weekend. Found it a bit too far out..edging back north but the prices are too high and don't particularly want to carry a huge loan

Re: 700k budget
 

:rofl: I try.

I don't understand why people who genuinely desire information reduce their chances of getting it by providing sketchy details.