Luxury Mansion Rentals for Dirt Cheap

…At least that’s what CTVnews says.

The city of Vancouver is facing a crisis in housing affordability, with one bedroom units averaging about $1,730 per month.

But these rentals offer a single room in a multi-bedroom house for anywhere between $700 and $1,500, with more than 5,000 empty bedrooms available across the city.

“Maybe the cheapest real estate right now is mansion rentals,” Roy said.

While most owners contacted by CTV News said they don’t want groups renting out the homes, the rentals present a cheaper housing alternative for students and young professionals.

Sehrish Qureshi is one of 14 students who applied online and was placed in a Vancouver mansion nicknamed “the castle,” paying around $1,000 a month for a mansion with a pool, home theatre, and games room.

When move-in day arrived, she was shocked by the furnished, $5-million home.

“Me and my family were just like, ‘What? Is this for real?’” she said.

“I’ve compared it to some of my classmates, and they pay, like, $1,300, $1,400 for small studio apartments in downtown … I’m so happy with what I’m paying.”

Read the full article here.

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stagnate
Guest
stagnate

no doubt the empty homes tax is an interesting one, on the surface little more than another cash grab by the lefty clowns and bafoons at city hall. despite that it does have the benefit of getting some product out into the rental and resale market.

Selective Memory
Guest
Selective Memory

You mean the empty homes tax is doing exactly what it was intended to do? Those ‘lefty clowns’ seem to be getting the job done.

Hyper-mega-Bull
Member
Hyper-mega-Bull

now imagine how wonderful this city would be if HAM was kept out from the beginning.

Dave
Member

What would we do without real estate? We’d be poor. Your house would only be worth $700k.

Royce McC
Guest
Royce McC

Speak for yourself, Oracle.

Dave
Member

All poor or half poor. The choice was ours and we picked half and half.

Simple Solution
Member
Simple Solution

don’t make this sexual

Oracle
Guest
Oracle

Yeah Oracle! Quit acting as Dave. People here are smart you know! Lol

Shut It Down Already (original)
Guest
Shut It Down Already (original)

People are poor when they’ve spent all that equity via HELOC.

Simple Solution
Member
Simple Solution

all the “hard won equity”….

Canada is for Canadians
Guest
Canada is for Canadians

“Hard earned equity “ Christy Clark – 2015

Doomcouver
Member
Doomcouver

Same thing as a “Hard-earned lottery ticket”.

Laibach
Member
Laibach

Beginning being Expo 86 or Handover of Hong Kong? Either ways city would be wonderful indeed.

Canada is for Canadians
Guest
Canada is for Canadians

There was an article written in the 1990s about this and the hypothesis was what would Vancouver be like without mass immigration and basically the conclusion was it would have been a bucolic small city by the sea with less than a million people in the lower mainland area. Of course now days something like article that would be considered racist.

Payolas
Guest
Payolas

There was a song about that, back t in 1979.

https://www.youtube.com/watch?v=b9u5lnPkI9w

Roll out red carpets, here come the China boys!

paulb
Member

New
261
Price Change
101
Sold
125
TI:12759

http://www.clivestevepaul.com

Screwed
Guest
Screwed

Looks like every Tuesday there is a record number of sales. Iwonder why…

Dave
Member

Busy sales on the weekend get entered as sales on Tuesday.

Screwed
Guest
Screwed

So devided by two?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

And minus all the reported sales which won’t have subjects removed, apparently.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

What sane person wouldn’t remove subjects on a weekend?

Dave
Member

Have you been to an open house lately? I got outbid last Summer before the current rush.

BTW… sales get entered at the contract stage, not subject removal.

Simple Solution
Member
Simple Solution

Subjects? What are those?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

A contract isn’t firm until subjects are removed.

Dave
Member

Did I say otherwise?

Simple Solution
Member
Simple Solution

Oh those things…. those are being used again? Must be desperate time for sellers realtors if they have to present an offer with subjects attached…

This clown orgy is about to get very entertaining…..

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Of interest:

1526 W 28th Ave

$4,000,000
Sold
10/12/18

$3,800,000
Sold
09/30/13

So a 5.2% gain in 5 years or 1% a year. With Property taxes of $12,000 x 5 $60,000 the gain goes to 0.6% per year.

It would be better putting the money in a checking acct.

2017 Assessment $5,111,200 Sold 22% below
2018 Assessment $4,670,500 Sold 14% below

It would not be a stretch to see this house going back to 2013 prices within a few months.

Simple Solution
Member
Simple Solution

you forgot PPT on the purchase and commission on the way out… and carrying costs… this was a losing trade….

Shut It Down Already (original)
Guest
Shut It Down Already (original)

$4.7bn in cash changed hands. And a fake Rolex.

Simple Solution
Member
Simple Solution

Plus the sex slaves…

Simple Solution
Member
Simple Solution
SilentBob
Guest
SilentBob

How about a halfway built monstrosity in Marpole instead?
https://www.century21.ca/wendy.ferris/Property/BC/V0V_0V0/Vancouver/8388_ADERA_AVE
“WHAT A BEAUTY !!! and very affordable”

Best place on meth
Member
Best place on meth

“On a famous street, Adera. Half way done. Can take you a tour.”

Those half sentences are very professional.

No wonder realtorism is such a highly respected line of work.

Dave
Member

It’s hard to get good assistants nowadays.

Simple Solution
Member
Simple Solution

This is some serious hard work by the realtor… A 7 year old ESL student could write a better description.

“WHAT A BEAUTY !!! and very affordable family home in the west side of Vancouver. On a famous street, Adera. Half way done. Can take you a tour. Good to see the home behind the walls. The details no to be missed.”

Land is worth under 2. Less any discount associated with getting rid of the “half way done” home.

SilentBob
Guest
SilentBob

The listing agent on MLS is one Albert W. Luk.

I’ll do you guys one better: https://www.rew.ca/properties/R2311301/2108-8555-granville-street-vancouver-bc
“Prestige view Plus unbeatable location, This Sub-penthouse is very conveniently location at Granville st/ 70th Ave. …” and so forth. I’m in the wrong line of work.

Dave
Member

Ya, but can you see a cash deal as quickly as he would?

Dave
Member

For example, would your first thought be the suggested cash payment on this house is $500k?

https://www.zolo.ca/burnaby-real-estate/5359-empire-drive

Shut It Down Already (original)
Guest
Shut It Down Already (original)

No.

Best place on meth
Member
Best place on meth

“Act fast this won’t last!”

This genius marketing tactic was covered in week 1 of the 5 week realtor course, then covered again in weeks 3 and 5.

Dave
Member

Urgency is at the heart of all sales.

Simple Solution
Member
Simple Solution

Nah, cash payment closer to 1.5M…

That place has an awesome listing history:
MLS® Sales History (Since Jan 2015)
5359 EMPIRE DRIVE
Date Comments MLS® Number
2018-Oct-12 Listed $1,599,000 R2315472
2018-Apr-30 Terminated $1,999,999 R2231943
2018-Jan-15 Listed for sale R2231943
2018-Jan-15 Terminated $2,500,000 R2193284
2017-Jul-31 Listed for sale R2193284

Dave
Member

Nice catch. You have potential. Here’s a skill testing question for you… How many days would it take to withdraw $1.5 Million in cash while staying under the radar? For your answer assume you only use one name.

Simple Solution
Member
Simple Solution

For this exercise, am I asian?

Best place on meth
Member
Best place on meth

No, he just said you only get to use one name.

Dave
Member

ABC – Always Be Chinese

Best place on meth
Member
Best place on meth

151 days.

Simple Solution
Member
Simple Solution

ya, 10K reportable by Law… they are supposed to report any transaction they deem “suspicious” but the rocket surgeons that work at the banks probably wouldn’t think it was weird coming in daily to grab just under 10 K

Dave
Member

The correct answer is tomorrow morning. Maybe you assumed my question was real estate in the United States. If you thought $10k, you need to find a better bank.

https://www.richmond-news.com/news/b-c-feds-struggle-to-close-money-laundering-loophole-1.23653213

The second name comes in handy if you want to do a couple cash deals same day. Your third name can be used like your burner phone for escorts. Buy the house from your second name at 100% financing, Heloc it and toss it like the phone if anyone gets suspicious.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Using two names doesn’t give you two independent identities, dumbass.

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

I miss the real Dave.

One Oracle is enough.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Of course, every branch keeps at least $1.5m in cash on hand for such eventualities.

Simple Solution
Member
Simple Solution

Don’t they just have a printing press connected to the ATMs?

Oracle
Guest
Oracle

They are setting this up for a cash sale.

If tax authorities ever audit, then owner can say he tried selling on MP’s and lowered price over and over with no buyers. Lol

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Of course, because they’d never ask how many offers had been presented or rejected. Neither would they look at comps. They’d just take the seller’s word for it, right?

Oracle
Guest
Oracle

Yes.

MLS Listings suffice. Offers that went back and forth are never filed anywhere. Plus you could just make those up.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

They don’t need to be filed anywhere. What on earth does that have to do with it?

And no, you couldn’t make them up. The person who apparently made the offer could be contacted to confirm. But this is the bit where you simply claim that you’d enlist your cousins to lie for you, I suppose.

Anything’s possible in Oracle’s world if you’re prepared to make shit up.

Dave
Member

In the real world, this kind of thing happens.

In the case of that Burnaby listing, I think they are pricing under market to get multiple bids. At this point, we don’t have evidence of anything shady. But, if you think a house in West Van was sold for $1Million under value, I don’t know what else to tell you.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Who’s to say what the value is? You?

Dave
Member

The market. That’s my point. Houses don’t just sell for a $1Million under the market the same way you can’t buy gas at half off.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

It sold for market price. By definition.

Deal with it.

Burnabonian
Member
Burnabonian

Wow, that place is currently listed for 1,099??

Dave
Member

Plus $500k in cash or something else.

Burnabonian
Member
Burnabonian

At the risk of being redundant, whether or not your fantastical “off-books” transaction did take place in parallel, this event nonetheless depresses the value of the entire neighbourhood. It:

-affects HPI calculation
-affects next year’s same-property and similar-property assessments
-affects behaviour of other buyers looking at “comparables”
-affects behaviour of other sellers looking at “comparables”

If a single Chevron was offering $0.75 gas in Coquitlam, would you ever pay $1.50 in Burnaby?

Dave
Member

Yes because the Coquitlam Chevron is also asking for $0.75 under the table. Commodities sell at the market rate. That’s basic economics. You just keep proving my point. Everybody else in the market can see what I see, but you just don’t want to face the reality that sketchy transactions are part and parcel of this market.

Burnabonian
Member
Burnabonian

Interesting.

I wonder why so many units sit unsold for hundreds of days now, being slowly walked down in price every few weeks or months?

(Occam’s Razor would like a word with you.)

Simple Solution
Member
Simple Solution

Numerable coffee, eateries are around this area….

Here is something to wrap your head around… Assessed 1.18M Land 828K improvements 358k… lets say this slowly…. 828K for your share of the land… for your 900 sq ft piece of paradise on the corner of 70th and granville.

WHAT. THE ACTUAL. F@#$????

Dave
Member

He’d be $hit out of Luk if he had to pass an English exam.

Best place on meth
Member
Best place on meth

“Numerable coffee”….ahahaha!! What a fucking idiot.

By the way, why can’t you spell out SHIT?

You sound like a pu$$y.

Dave
Member

Some forums block swear words, so I wanted to avoid that.

Oracle
Guest
Oracle

Even if that house was half off, could you afford the mortgage and property taxes?

Oracle
Guest
Oracle

Fail. The lots are all garbage.

The first one has to pay development fees and then develop.

The small ones have huge setbacks. Not like Vancouver.

The one on 83 and 133 is garbage. Look on google earth.

But Simpleton is citing a link. Lol. Son, stay in your own league.

Simple Solution
Member
Simple Solution

I have no knowledge of the market in Surrey. I have not been there in many years. I depend on your vast knowledge.

Thanks for all your work dad, trying to get into your league one day…

Best place on meth
Member
Best place on meth

These are Turd’s homies right here: “Classes and free food: China defends mass internment in Xinjiang”

https://www.inkstonenews.com/politics/xinjiang-governor-defends-detention-muslims-amid-global-outcry/article/2168765

Free food and classes? What’s not to like?

“Xinjiang governor Shohrat Zakir says the training program, which involves “concentration training” and “boarding studies,” helps defend Xinjiang against the threat of terrorism and separatism.”

If you want to help people improve their concentration skills, there is no better way to accomplish that than by sending them to concentration camps.

Simple Solution
Member
Simple Solution
Best place on meth
Member
Best place on meth

How Rent Control Harms Those It Hopes To Help

https://www.zerohedge.com/news/2019-03-10/how-rent-control-harms-those-it-hopes-help

The State of Oregon is on the precipice of “solving” its housing shortage with state-wide rent control . It would be the first state to do so. The policy is being sold as a way to make housing more affordable in a state where three of its cities, Eugene, Portland, and Salem, are ranked among the forty most expensive housing markets on the planet.

Bubble
Guest
Bubble

In Australia, Why falling prices aren’t making homes more affordable ?
https://youtu.be/oF4RH-35dj8

Doomcouver
Member
Doomcouver

While they’re falling they won’t make houses affordable in Canada either. Hot housing has been filling the pockets of local Canadians up until now, allowing them to pay their mortgages. When that ends, the average income drops, and they can afford about the same house as they could before. It’s in the late-stages of the bubble where the prices drop so hard they outpace depreciating income rates.

Laibach
Member
Laibach

Mid class housing eaten by locust, tragic…

Over 11 percent of Vancouver condos have at least one non-resident as an owner, a number that jumps to more than 19 per cent when it comes to newer built condos.

https://www.cbc.ca/news/canada/british-columbia/over-11-of-vancouver-condos-have-a-non-resident-owner-says-new-cmhc-report-1.5053083

Simple Solution
Member
Simple Solution

Full on Banana Republic:

“Ultimately, the report could not settle on a single solution, with estimates ranging from $5-billion to $40-billion.”

https://www.theglobeandmail.com/canada/british-columbia/article-federal-watchdog-unable-to-reliably-estimate-scope-of-canadas-money/

Dave
Member

Of course the reporter isn’t smart enough to include the period of time for that estimate. Is it one year or a running total? Or something different?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

It’s a single MLS transaction.

Dave
Member

These Liberal Arts majors that go into media aren’t the sharpest tools in the shed. I feel dumber reading articles like that.

Royce McC
Guest
Royce McC

“Hard earned equity”

Canada is for Canadians
Guest
Canada is for Canadians

20 out of 66 posts up to this point by Oracle – Dave.
I’m all for free speech but you should be banned for incessantly posting your garbage.

Dave
Member

You should be banned for the racist idea that Canada isn’t for Immigrants.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

+1

Dave
Member

I like immigrants better than locals. That’s why I’m thinking of changing my name or pretending to be from somewhere else.

Canada is for Canadians
Guest
Canada is for Canadians

you are “thinking of it”. really ?

Specuskeptic
Member

“pretending to be from somewhere else”

That would make at least two of you (not counting sock puppets).

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Pretend not to be a realtor while you’re at it.

Canada is for Canadians
Guest
Canada is for Canadians

triggered again …

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Right, I’m totally the one with the problem. Not the one who reads neo-Nazi shit.

Canada is for Canadians
Guest
Canada is for Canadians

“Immigrants” is not a race.

Best place on meth
Member
Best place on meth

How the fuck do read something like that into his name?

Anyone can become a Canadian, obviously that includes immigrants.

Or were you trying to do a shitty impression of the resident race baiter?

Please don’t, we have way too much of that disgusting shit spamming this board already.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

My my. You’re such a fucking idiot.

Best place on meth
Member
Best place on meth

You still come running when called.

Just like a dog.

Burnabonian
Member
Burnabonian

Correct.

Admin, can we get an IP ban?

This guy is like those Japanese soldiers that were left behind on an island by their retreating troops and not found until long after the war had ended, but they didn’t know it was over so they were still fighting.

Hyper-mega-Bull
Member
Hyper-mega-Bull

they are obviously not the same person.

Dave
Member

Ya but what if you are really me and Oracle too? It’s all a big conspiracy.

Oracle
Guest
Oracle

Lol. Too many geniuses here.

Site admin probably rolling their eyes.

Canada is for Canadians
Guest
Canada is for Canadians

if you think that then you are not paying attention.

Simple Solution
Member
Simple Solution

So much secret cash changing hands……

2184 W 57th Assessed $2.827M Sold $2.458M 1 Year on the market…

Date Comments MLS® Number
2019-Feb-25 Sold $2,458,000 R2329647
2019-Jan-04 Listed $3,300,000 R2329647
Royal Pacific Realty Corp.
2018-Nov-28 Terminated $3,489,000 R2300537
2018-Aug-27 Listed for sale R2300537
Royal Pacific Realty Corp.
2018-Aug-21 Terminated $3,800,000 R2244204
2018-Mar-02 Listed for sale R2244204
Royal Pacific Realty Corp.

Burnabonian
Member
Burnabonian

“So much secret cash changing hands……”

LOL

xyz
Guest
xyz

4131 LILLOOET STREET, Vancouver

62 x 108 lot in East Vancouver

Just sold for $1,450,000

$574,000 (or 28%) below 2018 assessed of $2,024,000

https://twitter.com/mortimer_1/status/1105662048942223362

****************************************

Over to you Dave…..

Simple Solution
Member
Simple Solution

MLS® Sales History (Since Jan 2015)
4131 LILLOOET STREET
Date Comments MLS® Number
2019-Mar-05 Sold $1,450,000 R2345611
Oakwyn Realty Downtown Ltd.
2019-Feb-13 Terminated $1,749,000 R2332127
2019-Feb-12 Listed for sale R2340761
Oakwyn Realty Downtown Ltd.
2019-Jan-14 Listed for sale R2332127
Oakwyn Realty Downtown Ltd.
2018-Nov-20 Terminated $1,900,000 R2322999
2018-Nov-14 Listed for sale R2322999
RE/MAX All Points Realty

Burnabonian
Member
Burnabonian

So awesome.

A thermonuclear blast just took the roof off his bomb shelter, and Dave is telling us how glad he is to have more natural light.

Dave
Member

Here’s the thing you dope… exceptions aren’t the rule. A strange lot going for under assessed doesn’t define the market. You gotta toss this one out. The cheapest lot is still $1Million. Do you know what the cheapest lot price won’t ever be with a Vancouver postal code? $725k. Trust me on this.

Burnabonian
Member
Burnabonian

I didn’t say that any one transaction proves a market trend.

Sales through the floor, some properties selling at assessment, lots under assessment, and a few for WAY under.

The trend is undeniable. (Except by an angry donkey who is constantly bleating about his Rolex or whatever.)

Dave
Member

You don’t have the taste to wear a Rolex and I bet you don’t even lease a nice car.

Canada is for Canadians
Guest
Canada is for Canadians

how shallow …

Dave
Member

If you want to be a million dollars, you have to dress the part. Have you even read The Secret? Do you even get your clothes tailored or have an account at Holt Renfrew?

Specuskeptic
Member

The Secret? LOL

Dave
Member

You just brought negatively to yourself. It works both ways and you’d know that if you read and practiced what the book teaches.

Specuskeptic
Member

What is the unit of measurement for “negativity”? How do we determine what effects it? Irrational, unsubstantiated nonsense. (Sells a pile of books though) But by all means, believe away. Just don’t pawn it off as evidence-based, rational, or logical.

Dave
Member

The units of measurement are dollars.

All you have to do is ask, believe and receive. Try it. I could have you in a house next week. Just ask and believe and I’ll make sure you receive. Get you to the finish line.

Specuskeptic
Member

Ask magical sky daddy? You’re clearly delusional….

Dave
Member
Dave
Member

There are two scenarios. Go your way and you won’t have a house next week. Ask, believe and you shall receive a house next week. How much more proof do you need? You can literally manifest a house next week.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

The way to riches is definitely by spending money on shit you don’t need.

Dave
Member

Tell that to all those condo investors who bought units, kept them empty and made huge coin.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Investing isn’t spending money on shit you don’t need. But apart from that you’re totally right.

Dave
Member

I already explained how those things are investments. I’ll explain again. To be a million dollars, you have to dress the part. Buy yourself some tailored clothes, a Rolex, lease a nice car and watch the money flow in. I’m living proof.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

I hope you kept the box and papers for that watch.

Dave
Member

“That watch”. What part of collection didn’t you understand? You probably think Patek is a dish served in Surrey.

Oracle
Guest
Oracle

What your missing Burnabonian is that we have 1000 people arriving here every 4 days if you include the incoming foreign students.

Simple Solution
Member
Simple Solution

and their 6 parents each

Oracle
Guest
Oracle

Morons like this will ensure that we never get housing policy to get lower prices.

We needs more policy changes.

You think this is enough?

Shut It Down Already (original)
Guest
Shut It Down Already (original)

And a whole lot of graduates leaving.

Burnabonian
Member
Burnabonian

And almost 1000 leaving!

Net migration is pretty low.

AND we are building housing units *significantly* faster than we are receiving net migrants.

Dave
Member

Looks like a heritage house, so it can’t be subdivided into two.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

And the assessment was made under the assumption that it could be?

Dave
Member

Well BC Assessment clearly got it wrong. That or $500k cash.

Simple Solution
Member
Simple Solution

Oh yes, a fine example of Vancouver world class city architecture….

KickThemOut
Member
KickThemOut
Laibach
Member
Laibach

Aren’t you proud?

Best place on meth
Member
Best place on meth

Shhh…he’s busy going through the entire list.

Joe Money
Guest
Joe Money

Sign the petition!

“Mr. Morneau, don’t drive up home prices by loosening lending standards.”

https://www.change.org/p/bill-morneau-mr-morneau-don-t-drive-up-home-prices-by-loosening-lending-standards-f32354e9-d7e5-4852-b2b4-d26365433e08

Dave
Member

Watch them do it in the next couple months so they get the benefit of that stimulus heading into the election. If I was Trudeau, I would also invest in pre-sale condos, so you can flip them later to Millennials. Win-win for everybody.

Dave
Member
Who’s ready for the weekend? The weather is looking great, the snow will be gone and the lawnmowers starting up again. If you’re going to open houses, you better time it well because it’s going to be a massive weekend of traffic. I’d tell you to take Uber to avoid parking congestion but we don’t have that yet. I got an email from Seymour Village and they had 120 groups come through on the opening weekend (with snow!). If you have your eye on something, you better be prepared. Also think about locking in that 2% Mortgage Oracle mentioned while you still can. I have a strong feeling next Tuesday is going to show some big sales numbers, maybe HUGE. Either way, it will be the biggest day of the year so far.
Hyper-mega-Bull
Member
Hyper-mega-Bull

what’s your opinion on units in buildings where the owners may terminate the strata? are they fully priced or is there still upside?

Doomcouver
Member
Doomcouver

They’re a great deal. Pay at least 50% over asking.

Dave
Member

You can’t generalize with so many variables involved. I’m sure there are some good deals and some bad ones. This will start getting interesting in another decade or two when strata buildings start reaching the end of their life.

Oracle
Guest
Oracle

I think the way to go is Detached way out in the valley. Who the hell wants to raise a family in a condo? Plus they can build many more condos. Another 1000 towers in Metro is not far fetched. Detached homes not so much.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Yes, make sure you lock in on that’ teaser-rate mortgage which isn’t available in B.C.

Shut it Down Already Guys! (I\'m important!)
Guest
Shut it Down Already Guys! (I\'m important!)
Simple Solution
Member
Simple Solution
So much cash changing hands under the table…. 5088 Blenheim Assessed $3.2M. Sold $2.88M. Purchased Feb 2016 $3.45M. So $600K loss before PTT, sales commission, carry costs… Been listed for sales since Sept 2016 MLS® Sales History (Since Jan 2015) 5088 BLENHEIM STREET Date Comments MLS® Number 2019-Jan-14 Listed $2,999,000 R2332226 LeHomes Realty Premier 2019-Jan-14 Terminated $3,680,000 R2329094 2019-Jan-02 Listed for sale R2329094 LeHomes Realty Premier 2019-Jan-01 Expired $3,680,000 R2277647 2018-Jun-02 Listed for sale R2277647 Royal Pacific Realty Corp. 2018-Jun-02 Expired $3,880,000 R2239325 2018-Feb-13 Listed for sale R2239325 RE/MAX Andrew Hasman 2017-Sep-01 Expired $3,990,000 R2160591 2017-Apr-28 Listed for sale R2160591 RE/MAX Select Properties 2017-Apr-27 Terminated $3,990,000 R2136314 2017-Feb-01 Listed for sale R2136314 RE/MAX Select Properties 2017-Jan-01 Expired $3,990,000 R2108028 2016-Sep-12 Listed for sale R2108028 RE/MAX Select Properties 2016-Feb-09 Sold $3,450,000 R2029823 2016-Jan-29 Listed for sale R2029823 Dexter Realty
Simple Solution
Member
Simple Solution

So much cash changing hands under the table….

5088 Blenheim…. Assessed $3.2M. Sold $2.88M. Purchased Feb 2016 $3.45M. So $600K loss before PTT, sales commission, carry costs…

Been listed for sales since Sept 2016
MLS® Sales History (Since Jan 2015) 5088 BLENHEIM STREET
Date Comments MLS® Number
2019-Jan-14 Listed $2,999,000 R2332226 LeHomes Realty Premier
2019-Jan-14 Terminated $3,680,000 R2329094
2019-Jan-02 Listed for sale R2329094 LeHomes Realty Premier
2019-Jan-01 Expired $3,680,000 R2277647
2018-Jun-02 Listed for sale R2277647 Royal Pacific Realty Corp.
2018-Jun-02 Expired $3,880,000 R2239325
2018-Feb-13 Listed for sale R2239325 RE/MAX Andrew Hasman
2017-Sep-01 Expired $3,990,000 R2160591
2017-Apr-28 Listed for sale R2160591 RE/MAX Select Properties
2017-Apr-27 Terminated $3,990,000 R2136314
2017-Feb-01 Listed for sale R2136314 RE/MAX Select Properties
2017-Jan-01 Expired $3,990,000 R2108028
2016-Sep-12 Listed for sale R2108028 RE/MAX Select Properties
2016-Feb-09 Sold $3,450,000 R2029823 2016-Jan-29 Listed for sale R2029823 Dexter Realty

Shut It Down Already (original)
Guest
Shut It Down Already (original)

All those realtors going unpaid….

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

But they had a place for their family to live. Isn’t that more important than money? Lol

Simple Solution
Member
Simple Solution

More outliers….

Sold $2.08 Assessed $2.359. Purchased June 2015 $2.28M. $200K loss + carry costs, PTT and sellers commission….

Listed since May 2018

MLS® Sales History (Since Jan 2015)
8236 OSLER STREET
Date Comments MLS® Number
2019-Mar-09 Sold $2,080,000 R2335696
2019-Jan-22 Listed $2,388,000 R2335696
Maxcel Westcoast Realty Ltd.
2018-Dec-28 Expired $2,488,888 R2318342
2018-Oct-24 Listed for sale R2318342
LeHomes Realty Premier
2018-Oct-24 Expired $2,588,888 R2272550
2018-May-24 Listed for sale R2272550
LeHomes Realty Premier
2015-Jun-09 Sold $2,280,000 V1124387
2015-May-20 Listed for sale V1124387
RE/MAX Select Properties

Shut It Down Already (original)
Guest
Shut It Down Already (original)

All those price changes were merely an elaborate smoke signal to beckon a cash deal. Like an interstellar probe the bandwidth of communication is so low that the simplest messages take years.

bullwhip29
Guest
bullwhip29
Simple Solution
Member
Simple Solution
2130 W 37th…. Listed $2.08M. Purchased Oct 2015 $2.83M Lot value with plans designed by famous architect. A large lot 5965 SF in Kerrisdale. Short walking distance to Arbutus greenway, Save-on-foods, Magee Secondary, Maple Grove Elementary, Point Grey Secondary, Kerrisdale village where you can find any services, banks, cafes or grocery stores, bus stops that can take you to UBC or Downtown. Definitely, quick drive access to UBC, golf clubs, Oakridge mall, Arbutus shopping centre, Downtown, Richmond and much more. It is where you will love to live in this very very convenient location! Can be ready to build new dream home with a Southern view! MLS® Sales History (Since Jan 2015) 2130 W 47TH AVENUE Date Comments MLS® Number 2019-Jan-24 Listed $2,080,000 R2336001 Dracco Pacific Realty 2019-Jan-16 Terminated $2,680,000 R2327906 2018-Dec-12 Listed for sale R2327906 Dracco Pacific Realty 2018-Dec-12… Read more »
Burnabonian
Member
Burnabonian

LOL yeah pretty hot market.

He should try to sell it to Oracle’s supposed “1000 migrants arriving every 4 days”. LOL

I guess he didn’t think of that.

I wonder why it just languished like that, unsold? Must be an outlier?

Simple Solution
Member
Simple Solution

so many outliers….

Canada is for Canadians
Guest
Canada is for Canadians

if they don’t fit the narrative then they are outliers …

Simple Solution
Member
Simple Solution

“plans designed by famous architect”

From the the firm Ugly Cookie Cutter McMansion & Associates

Laibach
Member
Laibach

Tough times, even Oracle’s high-rolling buddies getting screwed.

Vancouver Football Star-Turned-Tycoon Snared in College Scam

https://www.bloomberg.com/news/articles/2019-03-13/vancouver-football-player-turned-dealer-ensnared-in-college-scam

Hyper-mega-Bull
Member
Hyper-mega-Bull

cheat in the US and you might face consequences.

cheat in canada and you are guaranteed to get ahead in life.

Bubble
Guest
Bubble

Talking about foreign money, who is buying the UBC new condo tower like hot cake ($1,200/ft2), e.g. 2 bedroom for $1 million +.
http://www.realtylink.org/prop_search/Detail.cfm?MLS=R2347660&REBoards=All&From=MLS

Canada is for Canadians
Guest
Canada is for Canadians

More than half of Canadians want change to address birth tourism concerns

https://www.citynews1130.com/2019/03/14/half-canadians-change-birth-tourism/

Those who support birth tourism are either clueless or in it for themselves.
End all birth tourism NOW !!!

Canada is for Canadians
Guest
Canada is for Canadians

remember to sign the petition to end birth tourism:

https://petitions.ourcommons.ca/en/Petition/Details?Petition=e-1527

SilentBob
Guest
SilentBob

The petition closed last year. The parliamentary response: yeah maybe we’ll look into it, but don’t hold your breath.
http://www.ourcommons.ca/Content/ePetitions/Responses/421/e-1527/421-02721_IRCC_E.pdf

Canada is for Canadians
Guest
Canada is for Canadians

7805 from BC have signed. That is the most signers of any province and that figures since we are the most affected province.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Wow, that’s a smal fraction of 1% of the population!

Best place on meth
Member
Best place on meth

We all know you’re in favour of birth tourism, you fucking piece of shit.

JT sucks
Member
JT sucks

That parliamentary response to maybe look into it, only came after Scheer promised to stop it.