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  #4441  
Old Posted Sep 25, 2009, 5:30 AM
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Originally Posted by vansky View Post
we live really spatious comapre to new york or tokyo, but our limited land mass got our new residence smaller and smaller. with this trend, size here is really gona be a luxury in the future.
Boy do we ever, it's amazing when I walk through Tokyo and look at the ads, 2 bedroom and living room for under 600 sq. ft. Where are they putting it?!

My friend lives in a place a little smaller than this, his is probably only the width of the window itself, no space on either side:


http://www.flickr.com/photos/ericfirley/550361032/

He has a smaller roll up bed, too

That's the extent of it, it has a tiny bathroom in the closet, and a super tiny kitchen with a sink and stove plus mini fridge. Rent is only $850 a month....
     
     
  #4442  
Old Posted Sep 25, 2009, 5:49 AM
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Originally Posted by jlousa View Post
These stories about families leaving Vancouver are no different then the stories about New York 25yrs ago. It's pretty obvious to me that since people are still buying then it's not unaffordable, it's just unaffordable to some. When people can't afford it anymore, then people will stop buying and prices will come down, if that doesn't happen it's because it is affordable.

It's kind of like the local saying about Granville Island, no one goes there anymore it's too busy.
The current state of the Vancouver real estate market with its exorbitant pricing can be solely attributed to the wealthy foreign real estate investors and second home buyers who have driven the city's prices to an unattainable level for the average local. As of August 2009, the average home price was $732,656 (http://www.chpc.biz/).

One need only look at the night skyline to see the plethora of unoccupied suites in the city's high rises as its temporary residents are elsewhere.

There is no refuting this fact. Vancouver simply does not have the economic base capable of producing such a number of high paying jobs for citizens to be able to afford these homes. The median family income in Vancouver of $62,900 (http://www40.statcan.gc.ca/l01/cst01/famil107a-eng.htm) does not correlate with the average house price, hence more and more residents are forced to rent or are being driven to the suburbs where there is greater affordability.

Last edited by Hed Kandi; Sep 25, 2009 at 6:40 AM.
     
     
  #4443  
Old Posted Sep 25, 2009, 6:11 AM
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a lot of home owners though sold their large homes and moved into condos - downsizing as they called it - boomers mostly - ditch the million dollar house - get a condo lifestyle, enjoy retirement and travel worry free

I remember when some of the first condos at coal harbour were bring sold one old woman had moved here from Victoria - she bought two units - at the time they were in the $300,000 range - she had sold her house for a large sum apparently and bought one to live in and one to rent out - her invesment must have doubled if not tripled by now - this was in the 90's.... before prices really shot up
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  #4444  
Old Posted Sep 25, 2009, 6:20 AM
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Originally Posted by SpongeG View Post
a lot of home owners though sold their large homes and moved into condos - downsizing as they called it - boomers mostly - ditch the million dollar house - get a condo lifestyle, enjoy retirement and travel worry free

I remember when some of the first condos at coal harbour were bring sold one old woman had moved here from Victoria - she bought two units - at the time they were in the $300,000 range - she had sold her house for a large sum apparently and bought one to live in and one to rent out - her invesment must have doubled if not tripled by now - this was in the 90's.... before prices really shot up
Probably quadrupled. Damn me being 10 years old in the 90's, or I'd be loaded!

Assuming I had money to begin with... which would be a problem. But whatever.
     
     
  #4445  
Old Posted Sep 25, 2009, 6:26 AM
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application for the empty lot next to the roxy says it will be retail and something above..

can you imagine an infill like this on granville street? there are a few spots that could accomodate...


new museum on bowery in new york city
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  #4446  
Old Posted Sep 25, 2009, 6:27 AM
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Originally Posted by Yume-sama View Post
Probably quadrupled. Damn me being 10 years old in the 90's, or I'd be loaded!

Assuming I had money to begin with... which would be a problem. But whatever.
lol in 1996 i had a friend who moved here from Toronto and he was saying $190,000 for a condo in yaletwon was too much and he was going to go back to toronto and buy - that same condo today must be over $500,000

people thought that was too high and prices would come down - seriously I know I did
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  #4447  
Old Posted Sep 25, 2009, 6:28 AM
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Originally Posted by vansky View Post
we live really spatious comapre to new york or tokyo, but our limited land mass got our new residence smaller and smaller. with this trend, size here is really gona be a luxury in the future.
Land mass in Vancouver cannot be changed, unless of course the city plans to do a reclamation project such as Hong Kong.

What CAN be changed is the building height limits and the ridiculous view cones which stifle Vancouver towers thus preventing more people from living downtown, which obviously decreases supply, therefore driving up real estate prices.

Imagine if no tower in the downtown core were shorter than 700ft. Imagine how many more homes would be available per building lot.
     
     
  #4448  
Old Posted Sep 25, 2009, 6:29 AM
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Originally Posted by SpongeG View Post
application for the empty lot next to the roxy says it will be retail and something above..

can you imagine an infill like this on granville street? there are a few spots that could accomodate...


new museum on bowery in new york city

In Vancouver? No, I could not imagine.
     
     
  #4449  
Old Posted Sep 25, 2009, 6:29 AM
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imagine if they built towers outside of downtown? like around commerical/broadway - more in kits, kerrisdale etc etc - not all the towers have to be in the downtown area
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  #4450  
Old Posted Sep 25, 2009, 6:37 AM
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imagine if they built towers outside of downtown? like around commerical/broadway - more in kits, kerrisdale etc etc - not all the towers have to be in the downtown area
Agreed.
     
     
  #4451  
Old Posted Sep 25, 2009, 6:37 AM
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. . . . and, relatively speaking, the Okanagan might have natural beauty to spare, but it's a cultural wasteland - defined narrowly as a lack of access to good restaurants, theatres, cultural/community resources, internationally significant events and ethnically/culturally distinct neighborhoods. Vancouver has this in spades. Of course, if you're comparing the Okanagan to Metro Vancouver (ie. Surrey, Langley, Coquitlam, etc.), the cultural differences would be rather moot. I'd take the Okanagan over any of those latter three cities any day.

I'm all for the laneway housing initiative. First, it's optional, so people can keep those picket fences if they want to. Nor does it mean building "dog-houses", as professor Vansky has so eloquently put it. These certainly could be as spacious or much moreso than your average 1 or 2-bedroom condo; would likely provide at least some access to green space (a little piece of that picket fence/postage stamp yard that people seem to want so badly); and would certainly be built according to code. In addition, they would increase the city's property tax revenue efficiency, thus perhaps (at some point in the future) allowing for moderation in property tax rates.
Actually Coquitlam doesn't seem all that bad to me. But I have vowed to never live South of the Fraser. If I ever had to move from Vancouver it would probably be to some place on the Burrard Inlet. Something that is still central, and doesn't mean I have to cross some stupid bridge.

I do believe the City of Vancouver should start to seriously consider the idea of the Row House or something similar to that. I guess a townhouse is what I'm thinking of. More dwellings on a block.
     
     
  #4452  
Old Posted Sep 25, 2009, 6:40 AM
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we r not crowded, but just that we r spatious outside, yet the living space's getting smaller inside...
     
     
  #4453  
Old Posted Sep 25, 2009, 6:59 AM
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Originally Posted by Yume-sama View Post
That's the extent of it, it has a tiny bathroom in the closet, and a super tiny kitchen with a sink and stove plus mini fridge. Rent is only $850 a month....
I know Vancouver's no Tokyo but I know a few people living here in comparable living spaces (though probably for considerably cheaper). When all your friends are broke students or recent graduates you get to see some ridiculous living arrangements, many of which I'm pretty sure are illegal.

One of my friends shares a 1-bedroom apartment on the 20-something floor of a tower near Howe and Davie with 3 other roommates. He has the small bedroom, another roommate sleeps in the enclosed balcony, and the other two (a couple) sleep in the boarded-off living room. The owner actually built a crappy wooden wall (with door) to cut the living room off from the kitchen and it looks ridiculous. There is one small bathroom they share, one small kitchen and a small table with 2 chairs in the hallway to eat at, no tv, no couch, etc. I'm not sure how much he pays but it's probably over $500/month.

Another friend of mine lived in a 6x7 ft room with 6.5 ft ceilings (the room was a later addition to the back of the house) and a tiny, doorless 2x2 ft "closet" in the corner. His bed had walls pressing up against it on 3 sides and because it was a double it took up more than half the floor space in the room. It goes without saying that he couldn't fit any other furniture in the room. This was in a (small) house east of Main that was shared by 8 people. On a positive note the kitchen and living room were relatively sizable and there was a nice big back deck. Also he only paid $350/month for it. Smallest bedroom I've ever seen though.

However, with all that said I think these situations are on a rather extreme end of the spectrum (though probably more common than most people realize). As for myself, I live in a dining room but it's spacious and under $500 so I can't complain.
     
     
  #4454  
Old Posted Sep 25, 2009, 7:02 AM
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Originally Posted by cabotp View Post
Actually Coquitlam doesn't seem all that bad to me. But I have vowed to never live South of the Fraser. If I ever had to move from Vancouver it would probably be to some place on the Burrard Inlet. Something that is still central, and doesn't mean I have to cross some stupid bridge.

I do believe the City of Vancouver should start to seriously consider the idea of the Row House or something similar to that. I guess a townhouse is what I'm thinking of. More dwellings on a block.
a lot of that style is going up in the oakridge area - like along cambie, oak, granville etc...

slowly but surely

unfortunately vancouver is too established to bring in grand changes - i can't see the people around 29th ave or nanaimo station being happy going from single family homes low rises to having towers for neighbours nimbys
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  #4455  
Old Posted Sep 25, 2009, 7:03 AM
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exactly, i've lived in apartments for too long, and have forgotten that most ppl in north america lived in houses. these days, when my mentality's grown old, i serously feel a cheap big house in a distant suburb is a good idea...not gona be a reality here. we got the most 3-4 stories apartments and townhouses in the entire western side of the country I think...
     
     
  #4456  
Old Posted Sep 25, 2009, 7:09 AM
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the only reason Joyce/collingwood is what it is today is because it was industrial and was able to go form that straight to a much denser high rise dominated area - thats the only vancouver skytrain station to experience any sort of densification around its stations - compared to what they have been able to do in burnaby, new west and surrey anyway... richmond seems like it will be able to do it too and started to do so before the line even came in
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  #4457  
Old Posted Sep 25, 2009, 7:41 AM
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Originally Posted by SpongeG View Post
a lot of that style is going up in the oakridge area - like along cambie, oak, granville etc...

slowly but surely

unfortunately vancouver is too established to bring in grand changes - i can't see the people around 29th ave or nanaimo station being happy going from single family homes low rises to having towers for neighbours nimbys
Over time it will happen as the price of land continues to rise. Property sizes will be smaller and smaller.

And it is not so much about building massive Condo towers around Nanaimo or 29th Ave. But building more town houses and what not.
     
     
  #4458  
Old Posted Sep 25, 2009, 9:29 AM
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yes but they have had over 20 years now and not much has changed yet

have to truly wonder what it will take to maje the change

are the jobs just moving further out to where the people are moving?

is there even going to be a need for more housing within the vancouver city limits?

so many questions as to why its worked in the burbs
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  #4459  
Old Posted Sep 25, 2009, 2:21 PM
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The rich foreigner story is a myth and always has been, foreign ownership is <4%. The truth is it's locals that buy real estate and are the ones paying these prices. Just because the local came from Hong Kong or Iran years ago doesn't make him a foreigner, they are Canadian. Prices are still very reasonable in the region, downtown doesn't need to be affordable to everyone, it's pretty obvious it's affordable to over 120K people.

Back to downtown there should be a new proposal popping up shortly in the West End.
     
     
  #4460  
Old Posted Sep 25, 2009, 3:09 PM
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Laneway housing

i think people are getting the wrong idea as to what laneway housing is or can be. it's not throwing down a mattress in your garage and all of sudden you have an extra room.

here's some examples of laneway housing in vancouver. as you can see, there are many things you can do with it and it's a creative way to increase density if the homeowner wishes. perfect for students, artists, relatives, etc.

Small writing studio with modern Douglas Fir millwork. Design is based on a traditional Japanese tea house.

www.smallworks.ca

Two hundred square foot studio for an actor/musician with an open plan and a small loft.

www.smallworks.ca

Green roof work shop. A living roof complements the contrast of steel and cedar. Nestled in a century old 6-plex the green roof help extend the mature garden to cove the whole rear lot.

www.smallworks.ca

Modern and clean matching his and her studios. The koa ponds entrance give a mediative tone to the glass vestibule of these companion studios.

www.smallworks.ca

Combination greenhouse and storage shed that matches character of the house and garden and utilizes existing windows.

www.smallworks.ca

Modern studio space with small sleeping loft and radiant heated floor. Built with unique foundation to accommodate an existing 80’ douglas fir.

www.smallworks.ca
     
     
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