Advertorial in the Vancouver Sun

In an editorial the Vancouver Sun says the best way to afford a house in Greater Vancouver is to buy a house far outside of Greater Vancouver:

That being said, RBC’s average price of a standard two-storey house of $843,300 may understate the case because there is virtually nothing detached on the west side for under $1 million and it’s slim pickings on the east side as well. Indeed, the Real Estate Board of Greater Vancouver says its benchmark price for all single detached homes in Metro Vancouver is $902,000. However, anyone prepared to commute can buy a lot of house nearby at prices far below those in the city. Detached homes can be had for just over $500,000 in Squamish, less than hour’s drive from downtown Vancouver; and $360,000 in Mission, at the end of the West Coast Express line. There are also bargains – relatively speaking – in Tsawwassen, Coquitlam, Langley and Surrey and other Lower Mainland communities.

How much are they being paid to publish this crap? Here’s the full Advertorial.

Sort by:   newest | oldest | most voted
Keeping An Eye On Th
Guest
Keeping An Eye On Th

"Lowering expectations – do you really need five-bedrooms on a half-acre lot backing onto a green belt 10 minutes from downtown? "

No that is not what we need. We need a 500 sft box, and have grandpa and grandma living with us, so that they can look after the children while we both work to pay for the mortgage.

Yeah, it will be a little crowded for a few years, but living in the best place on earth comes with a price tag.

It might not seem like such a great life, but the pay back will come in a few years, when we sell the pad to a couple of lawyers who will get off shore financing on a 100 year mortgage.

Hurry hurry hurry, before we run out of sky, and be forever priced out.

Patiently Waiting
Member
Patiently Waiting

Devastating blow for Vancouver

http://www.vancouversun.com/Vancouver+drops+from+

cgh
Guest
cgh

@Patiently Waiting:

"It was not the riots that did it. Instead it was an adjustment in Vancouver’s score for transport infrastructure, “reflecting recent intermittent closures of the key Malahat highway that resulted in a 0.7 percentage point decline in the city’s overall livability rating,” said the report."

The Malahat runs from just north of Victoria to Mill Bay. Not sure what it has to do with Vancouver exactly, but whatever.

specialfx3000
Member
specialfx3000

@Patiently Waiting:

What a P.O.S survey. Toronto 4 and Calgary 5? There goes it's credibility.

More reason that this survey is a P.O.S. is that outlets like Vancouver Sun and Global uses it to pump the locals about how great this Best Place on Earth is.

They never disclose the intent of this survey: "Livability rankings are designed for use by employers assigning hardship allowances as part of job relocation."

Oh, one more quote. "It does not take into account the cost of living as a factor in 'livability'." http://en.wikipedia.org/wiki/World's_most_li

You can't afford to live here? No problem, swipe your credit card, sign this loan and live happy here.

Patiently Waiting
Member
Patiently Waiting

@specialfx3000: Apparently, "recent intermittent closures of the key Malahat highway" downgraded Vancouver. Just shows you the survey was a scam all along.

Patiently Waiting
Member
Patiently Waiting

@Patiently Waiting: oops cgh already caught that 🙂

logic
Guest
logic

Mission, eh?

Hmm, just think of how much Meth one could buy with the savings….

Patiently Waiting
Member
Patiently Waiting

Government's action plan post-HST rejection worries home construction industry.

"They need a Plan C, because Plan B is not cutting it for our industry right now," Simpson says.

http://www.bclocalnews.com/tri_city_maple_ridge/t

Best place on meth
Member
Best place on meth

We're number 3, We're number 3!!

Get the hats made up!

gordholio
Member

"Do you really need five bedrooms on a half-acre lot backing onto a greenbelt ten minutes from downtown?"

Shows just how completely and totally out of touch this entire last-ditch piece of shit pimp job really is. They're trying to say that families need to lower their expectations. But what family in the current market conditions can even *dream* about something like that? If such a place exists – and I'm not sure it does – it would be priced at what level? $10 million? More?

Rephrased to reflect the real world: "Do you really need a three-bedroom ex-crack shack on a 30×100 postage stamp backing onto a Mac's Milk just a half hour from downtown Surrey?"

jesse
Member

"There are also bargains – relatively speaking – in Tsawwassen, Coquitlam, Langley and Surrey and other Lower Mainland communities."

Relatively speaking. Funny stuff.

jesse
Member

Government of Canada immigration questionnaire

Bailing in BC
Guest
Bailing in BC

"Detached homes can be had for just over $500,000 in Squamish"

Yes, and detached homes can also be had for just UNDER $400,000.

And dropping fast.

Every week I hear about someone who got caught with their pants down and are TRYING to sell at a loss.

Van MD
Guest
Van MD

CIC launches online consultation on immigration levels and mix

Ottawa, August 29, 2011 — Citizenship, Immigration and Multiculturalism Minister Jason Kenney today launched online consultations on the appropriate level of immigration and the most suitable mix between economic, family class and protected persons.

"Complete the online questionnaire [Open from August 29 to September 19, 2011] "

Immigration Levels and Mix: Stakeholder and Public Consultation

This past July, Citizenship, Immigration and Multiculturalism Minister Jason Kenney, along with Parliamentary Secretaries Rick Dykstra and Chungsen Leung, launched a series of cross-country consultations on immigration issues.

http://www.cic.gc.ca/english/department/media/rel

More than 1,600 people have already signed up to complete the questionnaire.

paradox
Guest
paradox

Vancouver, Calagry and Toronto in the top 5.

One has to wonder if we really are that good or those surveys are useless.

How can they score so high for being liveable when for 9 months straight it rains or you have sub zero temperatures is not understandable.

Lots of other European cities have same or better social protection, more culture, better climate and work opportunities.

I can only see them in the top 5 from a corporate point of view, mainly for the lower taxes, stable government, minimum wages and low salarie.

How can Vancouver be rated so high when 95% of its working population cant afford to buy a house in the city?

Li Kai Shing
Guest
Li Kai Shing

Hoo boy

Now the elected wankers will be upset, we have bronze not gold.

Either jump off 1st floor of Shangri La, or create more bike lanes,chickens in back yard and sell of Malahat.

PS West Van: rent still late, now 4 months overdue.

Putting lien on trophy wives !!!

registered
Member
registered

12 jesse Says: "Government of Canada immigration questionnaire"

Puppet theatre. The government already made it clear Canada WON'T SURVIVE THE BOOMER APOCALYPSE if we don't OPEN THE GATES WIDE NOW NOW NOW. It's another thinly veiled tact to bolster an imminently collapsing GDP by the most cynical, dishonest N.A. administration next to Bush Jr..

jesse
Member

@fixie guy: "The government already made it clear "

It has made its views known and I don't disagree. But they said, "A report on the consultations, including the online questionnaire, will be available on the CIC website in the fall of 2011 or winter 2012"

So whether or not you think this is a smokescreen that hides their agenda, we will know the desires of the populace in about 6 months or so.

Van MD
Guest
Van MD
[B.C. residents have unrealistic hopes of shedding debt: poll] Aug 30, 2011 B.C. residents have high hopes of retiring debt-free, but for many, this reality show has an unhappy ending. While most B.C. residents believe they’ll be debt-free by age 58, fewer than one-third of B.C. residents aged 45 to 64 don’t owe any money, according to a Harris-Decima poll conducted for the Canadian Imperial Bank of Commerce. Fourteen per cent believe they will pay off all debts in their 70s and one in 10 says they will never be debt-free, the poll found. That compares with only four per cent of Alberta residents who believe they’ll carry debt into their 70s. Compounding the problem, many are unwilling to make the hard choices required to dig themselves out of debt. People have to make some sacrifices, and the more severe… Read more »
jesse
Member

@fixie guy: Here's Yes, Prime Minister's cynical and all-too-real take on opinion polls and surveys.

Boche
Guest
Boche
So whether or not you think this is a smokescreen that hides their agenda, we will know the desires of the populace in about 6 months or so. _______ Too funny – w already know the view of the populace! Travel throughout the country and the majority of Canadians will tell you that it is time to reign in immigration (rightly or wrongly). People are concerned about the impact of the family reunification program on social services, the dismissal of "Canadian" values with pushes for such things as Sharia law, the transformation of Canada into a safe haven for illegal refugees and corrupt officials who buy their way in, and the increasing open and political acknowledgement that multiculturalism has failed in other Western nations (France, Germany, Britain). When the US lets in between 300,000 and 1,000,000 each year, with a… Read more »
Anonymous
Guest
Anonymous

@Van MD:

>>>Half of B.C. respondents reported that they could not afford to save $25 more per week.<<<

Huge mortgage payments are a bitch.

GCol
Guest
GCol

The Vancouver Sun and The Province are a joke of a newspaper. I cancelled their subscriptions years ago. These are papers who's top stories are Vancouver no longer being number one in the most livable cities list. They actually believe that crap. So it's no surprise that they would be advertising for the REAGV who itself has different numbers than every other banker in Canada. Always positive on their end, even though things look otherwise. But like any salesmen or team, they're product is king, that is until it's unloaded on you, and you find out how good it is that they won't take it back.

Van MD
Guest
Van MD

[Canadians admit struggling to reach financial goals, yet appear unwilling to take small steps to attain them]

Aug 29, 2011

A new survey from ING Direct released today reveals that six in 10 Canadians call themselves ‘savers’ despite one in two being unable to put away an extra $25 a week.

– One in four Canadians (24%) currently saving less than $1,000 a year.

– Nearly half (47%) of those surveyed indicate that eating out less would help them save more.

Thirty-six per cent of Canadians said that they don’t save any money on an annual basis, and half of Canadians (54%) indicated they live paycheque to paycheque.

double ouch.

http://blogs.leaderpost.com/2011/08/29/canadians-

Devore
Member
Devore

@Van MD: Nearly 1/3 expects to win the lottery to carry them through retirement:

http://www2.macleans.ca/2011/03/08/retirement-649

Maybe if they happen to own a west-side house free and clear, their wishes will come true, but only if they sell.

wpDiscuz