so 250k$ is considered low for a one bed room condo nowadays?
Originally Posted by shamrun
Dont come anywhere near Vancouver.....**** is on another level over here.
250K is a price I would like to pay for a Downtown condo in Vancouver. I think a 250K condo in Downtown last existed sometime in the mid-90s. **** is indeed on another level here. A one-bedroom in Downtown goes for at least 500-600K nowadays.
This is a great website for those considering investing in Vancouver's real estate market. I do not think it is this crazy out East:
Dropped by, this Thursday, at the Tour des Canadiens to see what as being offered.
The whole visit was quite an eye-opener, the condo units are priced at 550$ a square foot and higher! The $250K is for a unit less than 500 sq ft... basically a hotel room sized studio!
The 2 bedroom unit I was looking at was 903 sq feet, which was priced at 527K plus 60K for parking spot plus taxes for a total of $675K!!
These prices are on the high end of the Montreal condo market, the Tour des Canadiens is just a marketing ploy to sell overpriced units using the Montreal Canadiens brand. And... it is working, as of Thursday last week, of the odd 450 units available I would say that 90% already have deposits.
I guess Geoff needs to monetize that Canadiens brand and bring in some hard dollars for the investors... i'm sure he is not losing any sleep over the revenue-less lockout!!!
Last edited by WakeUpNHL: 10-29-2012 at 03:59 PM.
Reason: not enough exclamation marks.