Buy a house...get a tank

[parkinsn]

Originally Posted by SeaHorse_Fanatic

Ten - twenty years ago, very few homes in the Lower Mainland were priced at $1,000,000 plus. Over the last 7 years, million dollar homes became commonplace, not because they are actually worth anything close to that but simply because of the market (lots of overseas buyers), the Olympics, the climate, THE RIOTS etc

You missed one.....

[MarkoD]

Originally Posted by SeaHorse_Fanatic

Ten - twenty years ago, very few homes in the Lower Mainland were priced at $1,000,000 plus. Over the last 7 years, million dollar homes became commonplace, not because they are actually worth anything close to that but simply because of the market (lots of overseas buyers), the Olympics, the climate, etc. The median price for a home in the Greater Vancouver region is $623,000 (up 7% in the last year), whereas you can buy homes for a fraction of that in other parts of the country without selling off your first born

Nice looking house but my parents bought their place in Vancouver (not suburb of Coquitlam) for $700000 with the same square footage back in 2001. Their latest assessment is well over a million now.

A house that size in Edmonton would go for a lot more and the climate here sucks, theres no mountains or beaches here and the hockey team keeps losing (could be a legit reason not to wanna live here)

[reefwars]

when i glanced by this i thought it said buy a horse get a tank lol makes much more sense your way cheers

[scherzo]

Just to put things in perspective for Calgarians and Edmontonians... (sp?? My apologies)... This house is about 35-45 minutes away from downtown Vancouver.

I live in a house just down the hill from this one and is 1/2 the size. A house this size in Vancouver could reach the 3-4 million range... A friend was looking at a house in Vancouver 10 minutes away from downtown.... 2500 square foot for 2 million... Or 2.2 million... Give or take!!!

This city is CRAZY expensive....

[fkshiu]

Originally Posted by scherzo

Just to put things in perspective for Calgarians and Edmontonians... (sp?? My apologies)... This house is about 35-45 minutes away from downtown Vancouver.

I live in a house just down the hill from this one and is 1/2 the size. A house this size in Vancouver could reach the 3-4 million range... A friend was looking at a house in Vancouver 10 minutes away from downtown.... 2500 square foot for 2 million... Or 2.2 million... Give or take!!!

This city is CRAZY expensive....

Bingo. This house is in the boonies and up a mountain. A house in Vancouver proper like this goes for about 2 million in east Vancouver and easily close to 3 million or more on the west side. Your average east side former grow-op/crack shack can go for 750K on land value alone.

In Westwood Plateau, over 4000 sq ft backing on to the golf course and only 1M ?? Seems awfully low to me.
My friend's place in Westwood Plateau was just over 3500 sq ft with smaller lot and sold for 1.6M a month ago......and it didn't have a nice tank like that one does!