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Anonymous

And some ore news for you bears…FROM A China daily!! they will come to canada by the tens of millions!!!

http://www.scmp.com/property/international/article/1258574/rich-foreign-investors-drive-home-prices-vancouver-locking

BULL! BULL! BULL!

me so house horny, me so house horny, me so house horny 2 live & d trump in the house tonight biiiiiiiiiitch

N

Asking price slashed in half for Bachelor Canada mansion on Vancouver Island

http://www.vancouversun.com/business/affordability/Asking+price+slashed+half+Bachelor+Canada+mansion/8523184/story.html

Sweet!

BULL! BULL! BULL!

a lot of down votes for me maybe just maybe because I am a BULL

canadian from RET

I see off late there are lots of postings under id canadian. Just to make it clear, its not me who used to post as canadian in RET. I havent lost all my senses yet in this prolonged real estate madness. I am still waiting and know that the day of reckoning is near. yoohoooo!

Anonymous

Nothing CRA can do regarding new builds where owner “lives” in the house for 18 months. It is a loophole they provide!!!

Friend has a new Empty (yet Lives) in Coal Harbour 😉

You Bears still have no clue why new builds stay empty for 2 years??? hahaha

BULL! BULL! BULL!

YOU GIRLS SLEEPING NOW

BULL! BULL! BULL!

BUILDERS HAVE BEEN DOING THIS PRIME/RES FOR DECADES

BULL! BULL! BULL!

ALL US EUROPEANS SPEAK LOUD DUDE

JSON

I BELIEVE BULL! BULL! BULL! BECAUSE HE TYPES IN ALL CAPS.

THOSE BUILDERS THAT LIVE IN THEIR BUILDS AS PRIME/RES TO SAVE TAX SHOULD BE CAREFUL THOUGH AND BUDGET FOR A BIG TAX BILL SINCE THE CRA IS GOING AFTER PEOPLE FOR CLAIMING THE PRIMARY RESIDENCE ON A BUSINESS VENTURE.

BULL! BULL! BULL!

# 97
SOME OF THESE BUILDERS JUST LIVE IN THERE BUILDS AS PRIME/RES TO SAVE TAX. LOOKING AT THAT HOUSE I CAN TELL YOU HE DID NOT PAY MORE THAN 300,000 ON THAT BUILD IT MOST LIKELY DOES’T EVEN HAVE RADIANT HEAT

BULL! BULL! BULL!

OK WE GOT A MIDDLE GROUND HERE, SO FOR AN EXAMPLE YOU BUY A 33 BY 122 LOT YOU BUILD 3 LEVELS CLOSE TO 3000 SF YOUR COST SHOULD NOT GO OVER 350000 MAX PSF AND THAT IS WITH QUALITY BECAUSE NOW YOU HAVE A BASEMENT WITH REC + MEDIA ROOM THAT BASEMENT WILL COST YOU LESS MAYBE 500 PSF. SO LET’S SAY YOU HAD CASH, GOT A BUILDER TO BUILD, YOU WOULD PAY THE BUILDER 350 000 & HE WOULD LOOK AFTER A TO Z OF YOUR BUILD + MANAGEMENT FEE FOR HIM

UBC in Crisis Mode

This new house on Van West has been on the market for 155 days (not sure if it is relisted for 155 days).

My guess is that the builder bought the land for $1.5 million, then try to sell at $2.6 million, but no takers.

They will lose money (now $2,288,888).

BUILDERS OWN HOME. This 2806 SF home sits across the Pacific Spirit Regional Park. Many extra features great functional floor plan, A/C, HRV, 2 car HEATED garage, media room w/105 inch SCREEN & DOLBY SURROUND SYSTEM, 2 fireplaces, AUDIO SYSTEM, STEAM ROOM. Potential for 1 BEDROOM SUITE-the features are endless, … …

http://www.realtylink.org/prop_search/Detail.cfm?areatitle=&ARPK=&ComID=&agentid=&MLS=V984681&rowc=7&rowp=6&BCD=GV,FV&imdp=0&RSPP=5&AIDL=9&SRTB=P_Price&ERTA=true&MNAGE=0&MXAGE=200&MNBT=0&MNBD=0&PTYTID=1&MNPRC=2000000&MXPRC=2500000&SCTP=OPEN

Anonymous

All in, from demo to permit to build to finish, I would budget 250. If you streamline I agree it can be less. I know westside costs better than other areas. The question was total costs from teardown on 1mm lot so I assumed westside. Point is it does depend on the quality/customization/competence of builder. I’m sure many shit builds go up for 220 all in but are inferior to competent builder who has his act together. And to the original question, how much markup should a builder put on a new property for sale? Some free advice, the cost to build has very little to do with the sale price but will tell you what the minimum price the builder will take before losing his shirt. Costs can be all over the map on specific builds so you won’t… Read more »

VHB

Total days 20
Days elapsed so far 9
Weekends / holidays 4
Days missing 0
Days remaining 11
7 Calendar Day Moving Average: Sales 117
7 Calendar Day Moving Average: Listings 239
SALES
Sales so far 1172
Projection for rest of month (using 7day MA) 1285
Projected month end total 2457
NEW LISTINGS
Listings so far 2336
Projection for rest of month (using 7day MA) 2627
Projected month end total 4963
Sell-list so far 50.2%
Projected month-end sell-list 49.5%
MONTHS OF INVENTORY
Inventory as of June 13, 2013 18367
Current MoI at this sales pace 7.48

BULL! BULL! BULL!

THIS PRICE I AM SAYING IS JUST ON THE BUILD NOTHING ELSE. IF YOU WANT OTHER FACTERS IT DEPENDS ON THE BUILDER AND HIS CREWS, TIME LINE, LOC, TIME ON THE MARKET ETC.

BULL! BULL! BULL!

DUDE IF YOU EVER BUILT YOU WOULD KNOW BUT FROM YOUR TRASH TALK I THINK YOU HAVE NO CLUE OR ARE MISINFORMED OR JUST TO F……STUPID FINISHING WHAT A IDIOT, FOR 25,000 YOU GET NICE FINISHING UNLESS YOUR ROYALTY NOT

Bailing in BC

Aggregator #48

No I haven’t been collecting the reports just extracting the data and putting it straight onto my spread sheet.

The problem I have with the reports is that they cover a 3 day period. The current one is 11-13 the last one I have in my spread sheet is 10-12 so I need to wait till 13-15 comes out to get new cases. I guess I could collect it daily and get a kind of rolling average. It would make it easier to stay on top of.

Anonymous

Its closer to $180 minimum per sq/ft. You have to factor all soft costs as well (building permits, holding costs etc). This is for a typical Van build. If you want a craftsman style home or any nice finish you are looking at $200-$250 per sq/ft.

Anonymous

Sorry caps dude you spend more on F-i-n-i-s-h-i-n-g not on the framing. If someone spends 150 on westside it is very hard to sell. If 150 is your budget don’t waste good $ on prime land.

BULL! BULL! BULL!

IF A BUILDER PAID 250 PSF THEY WOULD NOT MAKE MONEY. BUILDERS BUY A LOT GET PLANS READY WITH THE CITY BY THE TIME IT IS FINISHED IT IS A MINIMUM OF 8 TO 10 MONTHS. THEY PAY A HIGHER LOC ,REALTURD FEE, WAITING PERIOD SO THEY DO HAVE RISKS BUT DO MAKE ALOT OF MONEY IF THEY ARE IN IT AT THE RIGHT TIME

BULL! BULL! BULL!

ALL SPEC HOMES WEST VAN OR WEST SIDE OR EAST SIDE HAVE DECENT FINISHES IT’S NOT SURREY WHERE YOU CAN PUT VINYL SIDING SO YOU DONT HAVE TO RAINSCREAN. THE BIGGER THE HOUSE THE CHEAPER IT GETS PSF BECAUSE THE FOUNDATION AND FRAMING ARE ALREADY THERE.

BULL! BULL! BULL!

#86
YOU MUST BE A REALTURD TRYING TO F… HONEST FOLK

Anonymous

That,s bullshit, BBB. Westside PSF is higher because of the finish. Sorry to get all bourgeois on you.

BULL! BULL! BULL!

# 84
MY RATE IS WHAT THE BUILDER PAY’S IN VANCOUVER, IT IS FOR 3000+SF SPEC FINISHES THAT MOST HOUSES EAST OR WEST UNLESS IT’S A CUSTOM HOUSE FOR A CUSTOMER