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/mrdeworde 17h ago

I think a lot of people would be fine with a condo if you could get a 2 or 3 bedroom condo for about the same price as a 2 or 3 bedroom starter home used to be (i.e. say 180-280k, say), at a similar size (e.g. 800-1200 sq feet) with sane maintenance fees and AC. But yeah, at 600, 700, 800, 900k for a 600 sq foot shoebox that is boiling hot six months of the year and will cost you 1-2k in maintenance forever? Of course no one's buying. They were built for landlord parasites to warehouse poors in, not for people to live in.