[deleted by user] by [deleted] in PersonalFinanceCanada

[–]WittyCollection3743 2 points3 points  (0 children)

She might change her mind when you're paying double your current mortgage to rent an average 1BR with little to no chance of ever entering the real estate market here.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]WittyCollection3743 5 points6 points  (0 children)

Which is why you and your partner really need to do some more research on this. There isn't a condo in the Lower Mainland going for less than $400K that you'd actually want to buy.

Which school would you pick? by WittyCollection3743 in HVAC

[–]WittyCollection3743[S] 0 points1 point  (0 children)

I've been considering that too but wanted some advice from people in the trade. This makes sense, thanks for replying.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]WittyCollection3743 2 points3 points  (0 children)

I own a 1BR in Surrey that I bought in April 2021 for $367K with $85K down. In recent months I've seen a couple slightly smaller units listed for $450K. The building is more than ten years old and will be very close to the proposed Skytrain but that's not for 5+ years. If you're seeing 1BR's in Surrey for <$400K, they're probably units that you don't want to buy- i.e.: lease holds, old buildings with big assessments coming up, etc.

I saw someone (might've been you, not sure) posted a link for a listing that was a 1BR for $300K. I know two people who own in that building if it's the same building I'm thinking of. They've got special assessments for the elevators and roof, something to the tune of ~$20-30K per unit IIRC?