After living in Canada for about 3 years I decided to move to some other country. Chose Spain! Great climate, awesome education! If you are a soccer fan then this country is literally destined to be the choice Moreover Spain is not as boring as Canada. Surprisingly Spanish real estate market is much more developed compared even to the British one. Simply compare the pricing policy in Britain and what you get with Spain. Here is a dependable UK's property site https://www.rightmove.co.uk/ and here are options in Spain https://virtoproperty.com/.
P.S. great thread! Thanx for creating it!
Ostin wrote: ↑Mon Aug 24, 2020 4:22 pm
After living in Canada for about 3 years I decided to move to some other country. Chose Spain! Great climate, awesome education! If you are a soccer fan then this country is literally destined to be the choice Moreover Spain is not as boring as Canada. Surprisingly Spanish real estate market is much more developed compared even to the British one. Simply compare the pricing policy in Britain and what you get with Spain. Here is a dependable UK's property site https://www.rightmove.co.uk/ and here are options in Spain https://virtoproperty.com/.
P.S. great thread! Thanx for creating it!
Depends what you consider boring, Before the pandemic downtown Vancouver has a great night life, We have beautiful beaches, and beautiful mountains in the winter. We have hockey for the hockey fans and ayou can spend a quick day trip to the island.
Now as for how much it costs to live here in Vancouver, it's ridiculous and out of control unfortunately and a lot of people can barely afford to live here
lolol.
You guys talking about RE pricing correction and drops of 30 to 40%. Instead the real estate market shot upward yet again over the last year or so. Wow.
Edit: looks like around 15 to 20% up in prices since last April
April is here and the weather only gets better now
Willoughby Langley at ~320ft / Similkameeeens ~3400ft
Hawk wrote: ↑Sun May 01, 2022 8:41 pm lolol.
You guys talking about RE pricing correction and drops of 30 to 40%. Instead the real estate market shot upward yet again over the last year or so. Wow.
Edit: looks like around 15 to 20% up in prices since last April
My neighbour moved down from Prince George a year ago, bought his place for $300,000, Lived in it a year, and just sold it for $600,000, and moved back to PG. He did put some work into it, but houses rose 40% in a year here, and there's no way that sustainable for long. I predict that housing prices are coming down as interest rates rise.
Interest rates will hopefully make a correction but the issue remains that real estate is a place for wealthy investors to park their money. JT and his bogus ban on foreign buyers won't help, they left open loopholes a mile wide.
This region is a highly desirable place to live. People with money from all over the world keep pumping it into the RE market. It only takes another 50k people to come in here every year to keep the engine going.
Meantime..enjoy the rise in equity
April is here and the weather only gets better now
Willoughby Langley at ~320ft / Similkameeeens ~3400ft
I wouldn't be surprised if all of the recent gains go up in smoke over the next year. Central bank stimulus and record low mortgage rates have been the main drivers of the market since COVID. The BoC is now hiking rates aggressively so they can pat themselves on the back when inflation finally eases. Last I checked, mortgage rates were already back to pre-COVID levels and rising fast.
WFH was another pandemic story, but that trend is reversing almost as fast as mortgage rates. That suburban detached home suddenly isn't so attractive at 1.7M with a 4% mortgage, and now your boss wants you to come into the office twice a week. Maybe you're looking more closely at the condo market where there are still some remnants of affordability. High density living wasn't attractive to many during the pandemic, so that market was lagging for a while. It's been hot lately, and it may continue that way for another month or so before peaking out.
Meanwhile, the Fraser Valley detached market has already seen two consecutive monthly price drops, but you won't see that reported in the FVRB "benchmark" numbers. Abbotsford detached median & average sold prices just had a 10.8% drop in a single month from March to April. You have to dig into the stats to find this, but it's there.
Abby_wx wrote: ↑Thu May 05, 2022 12:10 am
I wouldn't be surprised if all of the recent gains go up in smoke over the next year. Central bank stimulus and record low mortgage rates have been the main drivers of the market since COVID. The BoC is now hiking rates aggressively so they can pat themselves on the back when inflation finally eases. Last I checked, mortgage rates were already back to pre-COVID levels and rising fast.
WFH was another pandemic story, but that trend is reversing almost as fast as mortgage rates. That suburban detached home suddenly isn't so attractive at 1.7M with a 4% mortgage, and now your boss wants you to come into the office twice a week. Maybe you're looking more closely at the condo market where there are still some remnants of affordability. High density living wasn't attractive to many during the pandemic, so that market was lagging for a while. It's been hot lately, and it may continue that way for another month or so before peaking out.
Meanwhile, the Fraser Valley detached market has already seen two consecutive monthly price drops, but you won't see that reported in the FVRB "benchmark" numbers. Abbotsford detached median & average sold prices just had a 10.8% drop in a single month from March to April. You have to dig into the stats to find this, but it's there.
Probably won't be moving from Chilliwack anytime soon. We were hoping for the Cariboo in a couple years with the way the market is right now might be best to wait abit longer disappointing indeed feel shackled some what.
Join us next season for the 8th annual that's not accurate snowfall contest.
Moreover Spain is not as boring as Canada. Surprisingly Spanish real estate market is much more developed compared even to the British one. Simply compare the pricing policy in Britain and what you get with Spain. Here is a dependable UK's property site https://www.rightmove.co.uk/ and here are options in Spain https://virtoproperty.com/.
lolol.
Wrinkle Rockers: 15.0cm 
South Sardinies: 3.5cm 
