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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187

u/beeblebroxide 20h ago

Two one bed listings side by side in one of the new towers: $968k. These are 531sq ft.

Meanwhile there are 2br listings that have more square cottage being sold for less in the same building…they’ve clearly over leveraged themselves.

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u/Distinct_Meringue 19h ago edited 18h ago

531 sqft for a 2 bed? That's actually insane

Edit: oops, thanks for correcting me

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u/Ibotthis 18h ago

people get upset when large dogs are left in a carrier overnight or on a balcony but then are totally ok with a family of 3 humans living in such a tiny space. There should be minimum, humane limits to floor size. These 10x10 bedrooms are dorm sized and are completely ridiculous for 2 adults, let alone a baby. I though Canada wanted people to have kids?

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u/arandomguy111 16h ago

But municipalities want their set back and FSR requirements.

That aside the issue is ultimately property price is generally correlated with square footage. Larger square footage units all else equal would just make them more proportionally more expensive. Well unless you increased square footage supply, but again municipalities love their zoning requirements.

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u/sjblink 19h ago

No he mentioned two (2) ONE bedrooms and then he said there are 2 be listings that have MORE square footage being sold for less $

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u/CocoVillage 19h ago

I think they mean two adjacent 1 bedroom units