Thanks for watching the video! 👀 I really hope that you got some value out of it! What Vancouver neighborhood/suburb are you looking to buy a condo in? Let me know in the comments below! 👇👇👇
That was what shocked me when I moved to Vancouver from Toronto many years ago - condos & apartments so much smaller in Vancouver. Many more 3 bedroom & 2 bathroom options in Toronto.
Yeah. It's a bit of a shock. 3 bedrooms hardly exist as a condo option (in the City of Vancouver). You have to go to a townhouse mostly for that option...but the city has been trying to change that in the last couple of years. Thanks for checking out the channel and sharing your experience!
I like your comment particularly of condos. I was worried when a 2nd floor from podium level unit below me sold for over $100k less than my ask. My higher floor clears the neighbouring low rise apartment in front and I end up with a gorgeous waterview. First time homebuyers along with first time realtors won’t see the value and just go by Price per sq. Or in my case, it’s the same floor plan and will add $2k per floor. And conveniently forget it’s owner occupied, renovated versus currently tenanted. It took an experienced home buyer to forget the low floor unit as not even an option.
Hi Joseph. I really appreciate you watching and taking the time to share your experience. You are absolutely right that you have to take far more into account in valuing a condo than just the $/SF. Sounds as though you did very well with your sale. Congrats!
One of the reasons I would like to get a condo is because of security. I just feel so vulnerable when I am alone in a house. Need to pay extra for security.
Where can you find a Condo in Vancouver for 400k ? 😂 Condo Cons: 1) Overpriced 2) Currupted Strata Managers 3) High Maintenance Fees 4) Incompetent Council Members 5) Zero Accountability Downtown Condos 👎 Commercial Drive 👎 Renfrew 👎 Kits 👎(Too Old or Overpriced) Mt Pleasant East 👎 Mt Pleasant West 👍 Fairview 👍 Olympic Village 👍 River District 👍 Why Condos ? Because nothing else is remotely attainable to common people. Overpriced, High Interest, High Income Tax. Even if, and I mean, even if a person made 100k per year gross, less expenses, they wouldn't be able to pay off a paltry 1 bdrm Condo in East Hastings Vancouver within 40 years. That's your stark reality in the lustrous Vancouver British Columbia.
At the low end of the market, there are DEFINITELY options to buy at (and even under) $400K. For example, there are non-strata leasehold buildings in the West End under that price point. From older buildings in Lower Lonsdale or New West to new(er) construction options in Abbotsford or Chilliwack. Thanks for checking out the channel @lifeofwhy and sharing your opinion!
@@LivingInVancouver-BC sorry my bad, I meant what percentage of Form B's you've dealt with, have the Owner/Tenant ratio on them. I also corrected my original comment, sorry about that.
No worries! Every strata property will have a Form B...so I've seen a lot of them. If the property is professionally managed, the property management company fills in the form. If it's self-managed, the strata does. The questions are standardized and must be answered...one of those questions is how many units are rented. So in my experience, every Form B I've seen has this information. Why do you ask?
Yep. It’s always answered. But keep in mind it’s only rentals that are reported to the property management company. It’s possible it’s not always 100% accurate.
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