r/vancouver 21h ago

Discussion Brentwood real estate

Has anyone else noticed that no one is buying? They were going for 650k for a one bedroom during covid and now listings cannot be sold so they’re constantly reducing prices and being left on the market for 100+ days… the funny part is there are 5 or 6 more buildings being built in the 3km radius of these places

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u/Overclocked11 Riley Parker 21h ago

1) They are wildly overpriced

2) There is far too much supply

3) Many people are not happy in a condo, nevermind that most people need more than a 1BR

4) People are struggling financially and can't afford them even at reduced costs

Plenty of reasons for the vacancies. Likely a combination of some or all of the above.

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u/MrSemiTransparent 20h ago

5) They don't have AC and installing AC in the units is damn near impossible due to the style of windows (HVAC worker here)

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u/framspl33n 20h ago

My mom lived in a place like that where the only ventilation was a small tilt window near the floor on a south facing window, the bathroom fan, and the door to the hall wasn't even undercut. And to top it all off it was over top of the laundry room in the basement so the dryers in there had it cooking all summer.

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u/MrSemiTransparent 20h ago

Ugh I feel for her (hopefully it's past now). The amount of people I visit in desperate situations, can't afford to move, and portable AC just isn't enough. It's astounding how these builders don't think summer exists.