januarymix

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

SchnookoLoly

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Aviator

Is that your deposit?

Former Lancastrian

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

januarymix

500K can be a deposit...

januarymix

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

januarymix

Where's that magic wand?

SchnookoLoly

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!

scrubbedexpat091

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

withabix

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.

dishwashing

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

ExKiwilass

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.

Shard

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

januarymix

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

Shard

I try.

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