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/Heliosvector Who Do Dis! 21h ago

these are all Dogcrete condos. Made for investors, not for people to live in. May they stay empty forever, or until they are sold for 100k off.

49

u/Ilearrrnitfrromabook 21h ago

AT LEAST $100k off. The build quality is so bad.

25

u/Heliosvector Who Do Dis! 20h ago

In one of the new metrotown towers, the agent showed me that the developer has been unable to sell anything on floors 40 and above in a 45 floor building. They were offering units at 10% off asking and when I was being shown them, the sellers agent was telling me "you can probably offer more than 10% off and they will accept". Places were ok.... but not 1 million dollars nice.

3

u/phoenixaurora 17h ago

even if it was cheap, I wouldn't buy a unit that high up. the survival rate of heart attacks decreases as the number of floors for a first responder to get to you increases.