348 replies to this topic

[Nparker]

...Southeastern* BC is really the only section of this vast, wealthy and rapidly growing country that have [more or less] year-round non-freezing weather...

And this is the factor that will likely continue to keep upward pressure on local housing prices even if all other conditions were to suggest the opposite.  Victoria (and the CRD) is essentially Canada's Miami Beach or Phoenix. It will always be attractive due to our climate and proximity to so many outdoor activities than can be enjoyed nearly year-round.

* Presumably you meant southwestern, the East Koontenays not being especially balmy at least 1/3 of each year.

[jonny]

Yeah, southwestern. Hadn't had my 3rd cup of coffee yet, I suppose. 

[Nparker]

For a moment I envisioned a population explosion in Cranbrook the likes of which have never been seen. 

[jonny]

Some days Cranbrook sounds pretty nice! 

[tjv]

Victoria (and the CRD) is essentially Canada's Miami Beach or Phoenix

You do understand both those real estate markets crashed 10 years ago and nice houses could be grabbed for 125k

[tjv]

Under very restricted terms, yes, we are definitely a luxury market, but so is Nanaimo. Lots of older folks with money to burn on new cars, remodelled homes and up-market vacations give us a little bit of presence in that market, but not much.

well we aren't talking about the condos they are building downtown, but oceanfront estates, etc.  Where people buy a $10 million house, bulldoze it to the ground and start construction.  I've seen some spend 500k+ to reconstruct the rock outcrops that were damaged from the original building.

 

Someone built a 15,000 sf home in Central Saanich to framing 2 years ago and didn't like it so it was bulldozed and construction started again.  The windows alone cost more than a new condo downtown

 

...and those are just 2 examples

 

Those are signs of a luxury market

Edited by tjv, 05 March 2018 - 04:54 PM.

[Nparker]

You do understand both those real estate markets crashed 10 years ago and nice houses could be grabbed for 125k

My point clearly was that places with the most livable climates will always draw people. 

[rambaldi]

In any case I would never pay that price for wood frame and it is a shame that 99% of the condos in Langford have no views at all. Langford is desperately in need of a concrete & steel "high-rise" with some views!

 

Stay tuned for Lakepoint Two...  http://livinglakepoint.com/

 

[johnk]

My point clearly was that places with the most livable climates will always draw people.

And Miami has a special allure, being Latin America's bank and laundromat.

[VicHockeyFan]

That’s a long way to go from Guatemala to Miami just to do laundry.

[johnk]

That’s a long way to go from Guatemala to Miami just to do laundry.

$10 million minimum load. They have to use those big washers.

[Fairbanks]

Tower crane going up.

[Mike K.]

Confirmed tenants as of today:

 

Thrifty Foods
Scotiabank
A&W
Westland Insurance
Great Clips
Edo Japan
Fatburger
Good Earth

[sdwright.vic]

^KFC also?!?

[shoeflack]

Confirmed tenants as of today:

 

Thrifty Foods
Scotiabank
A&W
Westland Insurance
Great Clips
Edo Japan
Fatburger
Good Earth

 

Also confirmed are KFC, Anytime Fitness, Cali Nails, Freshii, Langford Sushi, and Eye Etiquette.

[jonny]

I wish we had Popeye's chicken. KFC is gross. 

 

Louisiana > Kentucky

Edited by jonny, 09 April 2018 - 03:09 PM.

[sdwright.vic]

^+1

Aren't Popeyes supposed to start coming with expansion?

[jonny]

I believe they're only in Ontario.

 

Raising Cane's is pretty good too (for fast food), and definitely better than KFC. I still have nightmares about the last time I tasted their toxic green "coleslaw". 

[jonny]

The architecture of the Belmont Market would kind of fit with the Roundhouse. 

[shoeflack]

^+1

Aren't Popeyes supposed to start coming with expansion?

 

Have recently expanded into Calgary and Edmonton (and Regina and Saskatoon). Could be a good business opportunity here if you have the cash.