Vancouver has 2nd most unaffordable housing market in the world after Hong Kong
- Thread starter Miss*Bijou
- Start date
$750,000 for a starter home seemed easily affordable to the thousands of workers who thought the oil industry would never crash.
Prices for farmland in the Lower Mainland have become unsustainable as well, forcing real producers to migrate into the Southern Interior of B.C.
The Fraser Valley is the second most fertile soil on the planet, and it's getting paved over forever ,due to urbanization.
The prices per acre have risen in some cases so high in the Interior, that now that leased Government rangelands are included in the overall price.
With the rising prices of hay, and the live beef prices at a historical high, even financial investment groups have began as of last year ,to buy the largest families ranches in the Thompson Regional District, as long term solid investments.
Some of the largest ranches in the world exist in the Interior of B.C.....and are owned by Financial Groups.
The Fraser Valley is the second most fertile soil on the planet, and it's getting paved over forever ,due to urbanization.
The prices per acre have risen in some cases so high in the Interior, that now that leased Government rangelands are included in the overall price.
With the rising prices of hay, and the live beef prices at a historical high, even financial investment groups have began as of last year ,to buy the largest families ranches in the Thompson Regional District, as long term solid investments.
Some of the largest ranches in the world exist in the Interior of B.C.....and are owned by Financial Groups.
Comparing Vancouver to HK is ridiculous. See: http://www.dailymail.co.uk/news/art...ns-thousands-live-6ft-2ft-rabbit-hutches.html I don't see people living in cages in Vancouver...... yet!
Of course not....they live under cardboard boxes, tarps, ect ect ect.
No need too tell you where...pretty sure you know...
They are called the homeless who are not really in the housing market, pretty sure you know that as well.
the lowest interest rates we've seen since we were kids - and you and i ain't no spring chickens!!
plus the official census numbers are so far off, they're ridiculous! i'm not sure how anybody gains by the government posting bogus census numbers, but they do
Foreign money coming to somewhere perceived as stable and is a great place to live. This is where having some kind of residence requirement... or taxes where the residential requirement isn't met, would be useful... though there would still be plenty finding ways to circumvent any taxes.
This article refers to Micro-suites in Metro Vancouver, but they're located in Surrey.
Surrey micro-suites start at under $94K
CTV Vancouver
Published Saturday, January 24, 2015 7:44PM PST
A new condominium project has people intrigued about the low cost of owning real estate in Metro Vancouver.
The sales centre for the Evolve housing complex in Surrey was buzzing with potential homebuyers Saturday.
The condo complex will include 35 suites just 316 square feet in size with presale prices starting at $93,900. Dozens more micro-suites in the complex will also be under 400 square feet.
http://bc.ctvnews.ca/condo-bargain-surrey-micro-suites-start-at-under-94k-1.2204692
Surrey micro-suites start at under $94K
CTV Vancouver
Published Saturday, January 24, 2015 7:44PM PST
A new condominium project has people intrigued about the low cost of owning real estate in Metro Vancouver.
The sales centre for the Evolve housing complex in Surrey was buzzing with potential homebuyers Saturday.
The condo complex will include 35 suites just 316 square feet in size with presale prices starting at $93,900. Dozens more micro-suites in the complex will also be under 400 square feet.
http://bc.ctvnews.ca/condo-bargain-surrey-micro-suites-start-at-under-94k-1.2204692
I know, maybe its my generation and more immigrants coming in? Everyone is grown up now, getting married, moving out of the parent's house...
