When these condos were initially offered in the marketplace before being built in 1995
they were considered affordable homes
for working class people...
starting off in these apartments
was reasonable and normal..
as they cost only $125,000 back in 1995..
I bought one.
Today's young homeowner hopefuls
do not stand a chance in this marketplace..
there is no way their paydays could even
come close to paying the mortgage on a
$600,000+ home.. and a small home at that.
This little apartment wouldn't suit a family or
someone looking for extra room for guests
or entertaining or hosting relatives.
Why does it cost so much money
after more than 30 years since it was built?
Make it make sense...
we have a lot of land in Canada..
we do not have scarcity..
we have abundant resources...
we have greedy people..
we have people with an agenda..
homeownership is becoming
more and more impossible
for the working class..
we have a problem.
We're seeing similar rapid increases as well
in housing prices in Sackville NB too..
especially after the "coviet era"..
we have a greed problem here as well.
An under 1,000 sq. ft. apartment property at the MLS link here - also note that the building was completed in 1995, not 1996:
For sale: 409 301 MAUDE ROAD, Port Moody, British Columbia V3H5B1 - R3172258 | REALTOR.ca
Listing Description
WATCH OUR LISTING FILM. You want cool...I bring you cool! Top Floor Corner 2 bed/ 1 bath home facing the quiet roundabout side of the bldg. About $37,000 in fashionable upgrades. This is "I have a Pinterest Board and not afraid to use it" fashionable!! Vaulted 10 ft. ceilings where it counts in kitchen/living room. There's 856 SF & lots of natural light through this end unit's West facing windows. Generous 155 SF balcony is on the Northwest top corner of the building. Two parking spots across from each other & storage locker both by the elevator. Luxury 7 1/4 wide plank vinyl flooring, Forty inch custom upper cabinets, Reclaimed designer wood shelving, Warm white subway tile, Quartz countertops. Walking distance to shops, restaurants, breweries, trails, skytrain & more! THANKSGIVING WEEKEND OPEN HOUSES: SATURDAY OCTOBER 10TH-SUNDAY OCTOBER 11TH FROM 12PM-2PM. (33537681)
Property Summary
Property Type
Single Family
Building Type
Apartment
Square Footage
856 sqft
Title
Strata
Land Size
0
Built in
1996
Annual Property Taxes
$2,673.44
Parking Type
Underground
Time on REALTOR.ca
6 days
Video here: #409 301 Maude Rd Port Moody - YouTube
[ Note a comparably priced at $609,000 apartment 603 sq. ft. nearby here: For sale: 1605 308 MORRISSEY, Port Moody, British Columbia V3H0M2 - R3171874 | REALTOR.ca ]
Price and Sale History on 409-301 Maude Road, Port Moody
| Date | Status | Price |
|---|---|---|
| Sep 21, 2016 | Sale Closed | $389,900 |
| Oct 12, 2007 | Sale Closed | $299,900 |
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