News for hackers. Stuff that matters.

A comment on Chinese Buy One-Third of Vancouver Homes: National Bank Estimate. Parent comment

Re:Chinese Buy One-Third of Vancouver Homes: National Bank E... by meric on Thursday March 24, 2016 @02:45AM (#11351027)
Vancouver properties seem to be renting for around half the price of Sydney properties, where I live. [1] It seems relatively affordable to me. But then again, maybe I'm numb to it...

[1] https://vancouver.craigslist.ca/search/apa

[ Parent | on HN ]
Re:Chinese Buy One-Third of Vancouver Homes: National Bank E... by graeham on Thursday March 24, 2016 @05:26AM (#11351507)
Depends a fair bit on location. Many of the 'cheap' places there aren't actually in Vancouver, but a 45 min drive away in a neighbooring city/ suburb.

Part of the problem is much of the central property has been redeveloped, also increasing prices. Its tough to find place at <$800/bedroom or <$1000 for a studio in central Vancouver.

[ Parent | on HN ]
Re:Chinese Buy One-Third of Vancouver Homes: National Bank E... by meric on Thursday March 24, 2016 @08:03AM (#11352114)
Since everyone thinks it's expensive, it is.

I would expect to pay $2200 for a central Sydney studio.

My apartment, 2 bedroom with study, half hour from the city, costs $2200 too.

I rent out the bedroom at $1050 and the study (size of 3 single beds tucked together) at $800 as a side venture.

[ Parent | on HN ]