Apparently people are moving out of Vancouver condos and into detached houses. Condos sales are down 20% in Vancouver but the Fraser valley housing market sales were up over 60%.
me and my wife just got incredibly lucky, a house got listed we went and seen it that same day offered 10k under list they countered and we got it for just under list. They agreed to all the regular subjects.
they had shown it to 5 other people that same day including a few developers and flippers. They also had 10 showings lined up the next day.
It was an estate sale and the old man had kept the bones of the house in perfect order but everything needs updating cosmetically. Roof is 10 years old, copper pipes, furnace is 4 years old, hot water tank is 2 years old on 11 square foot lot, copper electrical with one circuit on aluminum that will get replaced. BC box
we looked at so many dumps(poly b pipes,foggy windows, visible moisture, scary DIYs ect..) in the 800k range That were selling same day we thought we were gonna be priced out of the detached market.