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Forum » Average 1 bedroom apartment in Vancouver $1980 / month
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Thread: Average 1 bedroom apartment in Vancouver $1980 / month

post 1625009783 12-09-2020, 02:40 PM
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Originally Posted By Frank
Here's a home for slightly less than 1.4 in Whiterock. In a decent area in Edmonton it probably goes for 550-600k. Probably 650 in St. Albert and Calgary. I get what your saying but you were just exaggerating a bit.

https://www.realtor.ca/real-estate/2...-avenue-surrey


Little bigger, but not as nice of a lot and less fancy inside, St. Albert

https://www.realtor.ca/real-estate/2...rt-north-ridge
that house would have been $800k in 2016
post 1625010583 12-09-2020, 02:48 PM
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Originally Posted By jakobi⏩
that house would have been $800k in 2016
And the house in Edmonton would have been worth 619k in 2016. I'm torn because I have a rental home that I'm making zero money/equity on since 2014, but I also want my kids to be able to afford a place.
post 1625010813 12-09-2020, 02:50 PM
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Originally Posted By Frank
Here's a home for slightly less than 1.4 in Whiterock. In a decent area in Edmonton it probably goes for 550-600k. Probably 650 in St. Albert and Calgary. I get what your saying but you were just exaggerating a bit.

https://www.realtor.ca/real-estate/2...-avenue-surrey


Little bigger, but not as nice of a lot and less fancy inside, St. Albert

https://www.realtor.ca/real-estate/2...rt-north-ridge
that house is in surrey
thats like comparing leduc to edmonton
post 1625010923 12-09-2020, 02:51 PM
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Originally Posted By Frank
And the house in Edmonton would have been worth 619k in 2016. I'm torn because I have a rental home that I'm making zero money/equity on since 2014, but I also want my kids to be able to afford a place.
Langley is probably the cheapest place to rent/own right now
post 1625011453 12-09-2020, 02:57 PM
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Originally Posted By jakobi⏩
Langley is probably the cheapest place to rent/own right now
any thats far AF since most ppl work in dt area. Boomers like this guy r happy the government doesnt give AF that forengiers are laundering money through real estate.

as long as they build equity.
post 1625011563 12-09-2020, 02:58 PM
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Originally Posted By Frank
And the house in Edmonton would have been worth 619k in 2016. I'm torn because I have a rental home that I'm making zero money/equity on since 2014, but I also want my kids to be able to afford a place.
lol calgary and e town house prices have are the same since 2010. Their condo market is getting wrecked.
post 1625014153 12-09-2020, 03:22 PM
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Originally Posted By Winston56432⏩
lol calgary and e town house prices have are the same since 2010. Their condo market is getting wrecked.
I know lots of sad kunts that bought in 2008. Houses are still 20% off those highs from 12 years ago. What was I thinking! lmao. But as long as I'm pulling in over $1050 a month on it I'm increasing equity.
post 1625014373 12-09-2020, 03:25 PM
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My 1BR in Dallas in 2400. Man lands on moon, life is expensive.
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post 1625014633 12-09-2020, 03:27 PM
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sucks to be a rentcel, even outside the city here it's pretty expensive.

in the GTA area there are condos for just under 400K, but not in very good locations. I think you can snag a decent one for around 500K.

For property under 500K you can pay a 5% down payment.



Even then though the mortgage payments are pretty brutal if you are only paying 5% not to mention you need to add mortgage insurance on top of that. Probably talking paying 1600 a month versus paying 2000 a month comparing 5% to 20% if you are talking a 400K price point. If you take a dual-income that together grosses 90K and follow the rule that mortgage payments + costs of home ownership shouldn't exceed a third of your monthly income, a 400-500K home is roughly what they can afford. Seems pretty poverty lol.
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post 1625015263 12-09-2020, 03:32 PM
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Originally Posted By MrAWatts⏩
My 1BR in Dallas in 2400. Man lands on moon, life is expensive.
really wtf
There is only one Hell: the one we live in now.
post 1625016323 12-09-2020, 03:42 PM
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Originally Posted By sooby⏩
sucks to be a rentcel, even outside the city here it's pretty expensive.

in the GTA area there are condos for just under 400K, but not in very good locations. I think you can snag a decent one for around 500K.

For property under 500K you can pay a 5% down payment.

Even then though the mortgage payments are pretty brutal if you are only paying 5% not to mention you need to add mortgage insurance on top of that. Probably talking paying 1600 a month versus paying 2000 a month comparing 5% to 20% if you are talking a 400K price point. If you take a dual-income that together grosses 90K and follow the rule that mortgage payments + costs of home ownership shouldn't exceed a third of your monthly income, a 400-500K home is roughly what they can afford. Seems pretty poverty lol.
Yeah the fact that incomes don't scale in those areas is the craziest part, seems like it would be insanely difficult for anyone who didn't already own property before prices started spiking
post 1625017753 12-09-2020, 03:55 PM
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Originally Posted By Frank
Here's a home for slightly less than 1.4 in Whiterock. In a decent area in Edmonton it probably goes for 550-600k. Probably 650 in St. Albert and Calgary. I get what your saying but you were just exaggerating a bit.

https://www.realtor.ca/real-estate/2...-avenue-surrey


Little bigger, but not as nice of a lot and less fancy inside, St. Albert

https://www.realtor.ca/real-estate/2...rt-north-ridge
I think your dreaming about finding that first place in YEG for 550-600. Thats 750-800 all day long with that level of finish.

https://www.realtor.ca/real-estate/2...edmonton-maple

https://www.realtor.ca/real-estate/2...aurier-heights

Even out in the burbs.

https://www.realtor.ca/real-estate/2...educ-southfork



That second one is basically the same as what I am living in now, just without the horrible colour palette on the inside. 10 years ago everybody was in love with builder brown for some reason.

Wouldn't live in St Albert though, taxes out the ass for no service.
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post 1625018633 12-09-2020, 04:01 PM
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Originally Posted By engj⏩
I think your dreaming about finding that first place in YEG for 550-600. Thats 750-800 all day long with that level of finish.

https://www.realtor.ca/real-estate/2...edmonton-maple

https://www.realtor.ca/real-estate/2...aurier-heights

Even out in the burbs.

https://www.realtor.ca/real-estate/2...educ-southfork



That second one is basically the same as what I am living in now, just without the horrible colour palette on the inside. 10 years ago everybody was in love with builder brown for some reason.

Wouldn't live in St Albert though, taxes out the ass for no service.
did you see the square feet and lot size.

also this house is in surrey which is far AF and ghetto (its like millwoods and leduc mixed together). its not fair comparison


also agree, Van pay lowest property tax in north america for price.
post 1625018813 12-09-2020, 04:03 PM
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Originally Posted By engj⏩
I think your dreaming about finding that first place in YEG for 550-600. Thats 750-800 all day long with that level of finish.

https://www.realtor.ca/real-estate/2...edmonton-maple

https://www.realtor.ca/real-estate/2...aurier-heights

Even out in the burbs.

https://www.realtor.ca/real-estate/2...educ-southfork



That second one is basically the same as what I am living in now, just without the horrible colour palette on the inside. 10 years ago everybody was in love with builder brown for some reason.

Wouldn't live in St Albert though, taxes out the ass for no service.
Well there you go, I didn't look too hard.
post 1625019053 12-09-2020, 04:05 PM
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Originally Posted By engj⏩
I think your dreaming about finding that first place in YEG for 550-600. Thats 750-800 all day long with that level of finish.

https://www.realtor.ca/real-estate/2...edmonton-maple

https://www.realtor.ca/real-estate/2...aurier-heights

Even out in the burbs.

https://www.realtor.ca/real-estate/2...educ-southfork



That second one is basically the same as what I am living in now, just without the horrible colour palette on the inside. 10 years ago everybody was in love with builder brown for some reason.

Wouldn't live in St Albert though, taxes out the ass for no service.
Could take that second place and plop it in the burbs for cheaper, paying a big premium to live in Laurier Heights

According to that website, Laurier Heights also has an average household income almost $65k higher than the neighbourhood in Surrey with the $1.37million property
post 1625019333 12-09-2020, 04:07 PM
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Originally Posted By Destor⏩
Could take that second place and plop it in the burbs for cheaper, paying a big premium to live in Laurier Heights

According to that website, Laurier Heights also has an average household income almost $65k higher than the neighbourhood in Surrey with the $1.37million property
that second house is ugly Af. The one thing I hate about those new homes is that they are too close to the neighbhours.

yeah income ratio to house is phucked in vancouver. legit old ppl who make 50k/year with 3-4 mill housese

rate my area

post 1625020663 12-09-2020, 04:21 PM
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Originally Posted By Destor⏩
Yeah the fact that incomes don't scale in those areas is the craziest part, seems like it would be insanely difficult for anyone who didn't already own property before prices started spiking
Lol, Toronto is pretty much out of reach for most people. Average home is about 1 million and if you want to own a home and have a family (say 2 kids) your combined income better be 150K income minimum if you want to live comfortably with some spending money for vacations, christmas, outings, etc. You're right though income doesn't really scale all that much compared to the price you will pay.

Not only that though but even outside that general area, say Hamilton, Niagara, Barrie housing is pretty expensive there too or getting there. Time to move to Thunder Bay boyos.
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post 1625021133 12-09-2020, 04:24 PM
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[QUOTE=Winston56432 post_id=1625019333]that second house is ugly Af. The one thing I hate about those new homes is that they are too close to the neighbhours.

yeah income ratio to house is phucked in vancouver. legit old ppl who make 50k/year with 3-4 mill housese

rate my area

[img]https://i.imgur.com/OectqYo.png[/QUOTE]Average house price is less than 3x annual income?

To use the same basis of comparison, this is the highest average Kerrisdale income that I have found so far on that realtor website

[URL=https://www.realtor.ca/real-estate/22215033/6476-blenheim-street-vancouver#view=stats]https://www.realtor.ca/real-estate/2...ver#view=stats[/URL]
post 1625021583 12-09-2020, 04:28 PM
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Originally Posted By Destor⏩
Average house price is less than 3x annual income?

To use the same basis of comparison, this is the highest average Kerrisdale income that I have found so far on that realtor website

https://www.realtor.ca/real-estate/2...ver#view=stats
they dont use that website for real estate in B.C thats why only found one.

I walk outside these mansions and half of them are legit empty/grass unkept lol


shaussey is number 1 and kerrisdale and point grey are the other most expensive postal codes. Im using mc lean's stats
post 1625022023 12-09-2020, 04:32 PM
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Originally Posted By Winston56432⏩
they dont use that website for real estate in B.C thats why only found one.

I walk outside these mansions and half of them are legit empty/grass unkept lol


shaussey is number 1 and kerrisdale and point grey are the other most expensive postal codes. Im using mc lean's stats
most of the houses have only one or two people. elderly. that's why detached houses themselves in a very populated city are an issue. you've got so many huge houses everywhere taking so much land covering most of the city, but only 1-2 people inside. cause of the previous generation's culture of kids moving out. so what's left is just the parents. 2 people to a ****in huge house lol

probably recommend people to go move to coquitlam now before it's too late if they want to live affordable and comfortable
There is only one Hell: the one we live in now.
post 1625022223 12-09-2020, 04:34 PM
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https://www.realtor.ca/real-estate/2...reet-vancouver

lmao. 6 million



https://www.realtor.ca/real-estate/2...reet-vancouver

this house is a few house down from me(no detectives)


one more interesting fact. The school that Justin Trudeau did his black face is in this neighbourhood.
post 1625022403 12-09-2020, 04:36 PM
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average doesnt really mean **** when all the shoreline apartments jack up the average big time. im sure you can still find decent apartments with dishwasher and AC for 800-1k a month further inland.
post 1625023173 12-09-2020, 04:45 PM
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Originally Posted By Winston56432⏩
https://www.vancouverisawesome.com/v...-finds-2883230

?This month, Vancouver's market saw a downward trend, with one-bedroom prices decreasing by 1% to $1,980. The city still has the highest rent in Canada for a two-bedroom apartment, coming in at a staggering $2,710 for November. However, this price also dropped by 1.5%."


thank you foreign investors
Op you signed a contract that said you couldn't talk about rent. You keep inviting all these men over at odd hours and I let you get away with that so give me some slack.


I rented this fabulous apartment to op:





All for the low price of 1499.
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post 1625023613 12-09-2020, 04:50 PM
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Originally Posted By Anachron⏩
Interesting fact :

As a foreigner in China, you can only buy property to reside in, and you have to prove residence.

Foreigner cannot be landlords either.

Let's put the blame where it belongs, which is the local government, not the foreign investors.
government makes insane bank though on foreign property taxes. They need to make houses that locals are only allowed to buy.
post 1625024113 12-09-2020, 04:54 PM
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Originally Posted By swoleyo⏩
Op you signed a contract that said you couldn't talk about rent. You keep inviting all these men over at odd hours and I let you get away with that so give me some slack.


I rented this fabulous apartment to op:





All for the low price of 1499.
where does the bed go?
post 1625025313 12-09-2020, 05:07 PM
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Originally Posted By CougarP01⏩
lmao das not it.
That’s about what they make in San Diego too working for qualacomm srs like 80k-100k maybe

I see plenty of tech Ads on indeed for 60k-80k here though


Doesn’t stop the mass influx we’re seeing now

Traffic has gotten drastically worse in the past 2 months srs

We’ll be silicone valley/LA tier soon due to all the remote workers

I Saw 7 .... 7 out of state plates on my way home today in one neighborhood stopping for a burrito srs
post 1625025503 12-09-2020, 05:08 PM
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Originally Posted By Frank
Well there you go, I didn't look too hard.
Originally Posted By Destor⏩
Could take that second place and plop it in the burbs for cheaper, paying a big premium to live in Laurier Heights

According to that website, Laurier Heights also has an average household income almost $65k higher than the neighbourhood in Surrey with the $1.37million property
^^^^hes right, I didnt look at Neighborhoods, there is a premium in Laurier heights. That one in Leduc is a fair bit bigger sq ft too.

All in all where I am at prices have been dead flat for 12 years.

I bought a house in 2007, sold in 2013 for the same price. Same house sold again in 2020 for the same price (both times within 1-2%)

My current place I could sell today for what I paid as well 7 years later, maybe a little uptick but no real return against inflation.
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post 1625025743 12-09-2020, 05:10 PM
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Originally Posted By Mult1Tro11⏩
where does the bed go?
You put a blanket in the bathtub.
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post 1625025903 12-09-2020, 05:11 PM
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Originally Posted By devin45k⏩
That's cheaper than I expected to be honest
this
post 1625039023 12-09-2020, 07:22 PM
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everyone wants to play but no one wants to pay

either move or start saving more, stupid millennials and zoomers wasting their money on stuff they don't need and they're confused why they can't afford a house

"but foreign investors" "but inflation" "but my salary"

it's your fault you let them take advantage because if you really cared about living where you want then you wouldn't spend all your money on expensive coffee and avocado toast

wake up and stop crying
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