I think it is fair to say that our perception of what is a good deal in real estate is very skewed here in Vancouver. For example, I hear many people talking about areas just outside of Vancouver that are “such great value.” One place where I hear there are great deals to be had is North Vancouver.
What the average person can afford to spend vs. what they are willing to spend are two different things. Many people seem confident that between $600-800K is a comfortable price range. I decided to take a look at what you can get for something between $650 to $700K. Let’s start way out east in Halifax:
This “Majestic, executive style 5 bedroom 3.5 bath residence…has 3 floors, panoramic VIEWS and lots of PRIVACY.” Just up the road from the waterfront and 15 minutes outside of downtown Halifax. Small town living never looked so good.
Maybe Halifax is a little too small town for you, however. How about Richmond Hill, Ontario?
This 4 bedroom, completely renovated home is located 15 minutes from downtown Toronto. The large eat-in kitchen has French doors that open up to a large patio which leads to a pool.
Still to far east for you? Need to be closer to the precious Pacific? How about Bellvue, Seattle?
This is a 4 Beds, 3.5 Baths brand new home, set to be completed in March, 2013. Highlights include a formal dining room, and great room. Located approximately 7 miles outside of Seattle.
Finally, what does $650 – $700K get you in “reasonable” North Vancouver?
This “Super Starter Home”! You will “you will love the feel & warmth of this home.” Hopefully, you don’t want to enjoy too much quiet, though, as it is right next to the highway.
(North) Vancouver…are you f*%king kidding me?