Re: House prices in the Lower Mainland.
My husband and I live in Fleetwood, on a corner lot, in a two-bedroom bungalow we had built 40 years ago. We’ve kept it in very good condition with a few upgrades, but we realize no one will want a two-bedroom house.
Two months ago we thought we would be lucky to get $625,000 for the land. Today I learned that a property (not on a corner lot and built the exact same time as our house) just sold for more than $850,000. A three-bedroom house sold for more than $900,000.
Is this how the government is investigating the cost of housing? If we sell in the next while, I have no idea how much our little house on a prime piece of land will sell for, but I know we’ll have to move even more inland from my birthplace, Vancouver.
Every week the prices are jumping by tens of thousands of dollars and these houses are being torn down. What a waste of nice homes for the average wage earner.