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I think what you mean to say is cheaper, not affordable. a software engineer makes over 80K if he is lucky, you would be considered an exception if you make an
by kayone 10y ago
I think what you mean to say is cheaper, not affordable.
a software engineer makes over 80K if he is lucky, you would be considered an exception if you make anything over 100K. also pretty much everything else costs more in Canada than it does in US which leaves even less money for housing,
so cheaper yes, but definitely less affordable.
- gorkemyurt 10y agohttp://www.vancouver-downtown-condo.ca/details.php?id=31618&br=1 http://www.vancouver-downtown-condo.ca/details.php?id=31618&... $300k (USD) 1 bd room apartment in Yaletown, equivalent of this in SF is at least $750k. Plus property taxes in SF are around %1.15 for a $750k condo that comes down to 10k a year, just on property taxes. Not sure about the rules in Vancouver but the link I posted above claims $1,008 in property taxes. So yea I think Vancouver is affordable.
- kayone 10y agoIt would be pretty much impossible to buy that unit at that price. The new normal is that you list your property at below market rate and a get nice silent auction going. for example a friend of mine just bought a condo in vancouver last week, List price was around 500K, he put an offer of $530, got a counter of $550 and it finally sold for $580. http://bc.ctvnews.ca/fierce-bidding-wars-a-new-reality-in-lower-mainland-housing-market-1.2767908 http://bc.ctvnews.ca/fierce-bidding-wars-a-new-reality-in-lo...
- bentlegen 10y agoSan Francisco homes typically go over asking too. I've seen 900k listings sold for 1.3 million.
- deleted 10y ago[deleted]