18:52- a crawl space is underneath the house and usually accessible by a detachable side wood panel, it’s not actually a basement but a crawl space for access to plumbing and wiring. Some use it for minimal storage but typically not heated and or poorly insulated so you wouldn’t keep much there as it’d be exposed essentially to the elements, so nothing that’d be affected like metals that would degrade from the contracting of cold weather to expanding in the heat of summer. Also not stilts, basements are concrete and either fully or partially underground.
BC and Washington both have a Vancouver b/c explorer Captain George Vancouver mapped some of that coast. And in typical imperial English fashion named a bunch of it after himself.
"Sweat equity" and "sold as-is" both generally indicate that a house needs significant repairs, with sweat equity in particular meaning that it's going to take either a lot of physical labour or project management time on the owner's part rather than just buying a new roof or upgrading the windows.
In many places street numbers are not only for the street you live on but they are standardized so that 853 Main Street will be opposite the parallel 853 Second street same for Third Street etc... This is done in a grid format for ease of finding addresses by number and for any new roads that will go in.
Vancouver real estate (housing) prices are even more expensive than the GTA. In fact, Vancouver is among the most expensive cities in the entire world. It's pretty standard for apartments to come equipped with a fridge, stove, and often a dishwasher too. But not usually for houses.
For anyone who's not from the area and is confused: Property 1: It's so cheap because 1) it's a 54yr old property with an insane strata fee of $859/month, and 2) It's a leasehold, meaning you're paying 500k for a property which has no land value and doesn't really belong to you or your future generations. It's leased by the government. Property 2: Undivided half interest means that you're paying $1,000,000 for half ownership of the house, but you only OWN half of it, YOU CAN NOT LIVE IN IT. You're literally just paying $1,000,000 for someone else to live in their house. Property 3: Island in the middle of nowhere. If you actually work in Vancouver, you're taking a ferry every day to and from work, never mind the drive. Property 4 & 5: The distance looks close, but is deceiving. These two are great if you can find employment in the area or WFH, but if you work in actual Vancouver with rush hour traffic? My estimation would be about a 4-5 hours (round trip) commute daily to your office? You'd be spending like 12 hours in total for "work" for 8 hours pay. Property 6: Isn't even part of Canada. It's in Washington State in the US.
Wow thanks for breaking all that down for me! Gives a lot more context to what I’m seeing. Especially number two. I’ve never heard of anything that crazy before
@@OJBReacts Yeah, it's super crazy, not to mention a terrible investment. Usually places like those don't sell, especially not for that high of a price. You're really just hoping that whoever owns the other half kicks the bucket before you do and have no next-of-kin. Usually this happens when say, the parents pass away and leave each of their 2 children with 50% of the house; or in other cases, a divorce happens. Neither party has the funds to buy the other half out, and neither parties can agree to sell or not, etc. In pretty much all cases, it's best to sell the property as a whole and the split the cash afterwards, so this type of thing is quite rare.
Most streets in Ontario have addresses starting at 1 and going up from there. My current home has the number 285 My last one was 144. Growing up it was 89.
kon-doe-MIN-ee-umm 12345 - 67 street would be House #45, on 123 avenue, facing 67 street. If there's a NW, NE, SW, or SE, those indicate the directions you travel in order to increase numbers. It's infinitely more logical than named streets which give no indication as to where in the city you are or need to go. It also allows you to expand infinitely in all directions without ever repeating an address. Naming named streets is a little bit more of a wild west show, but often you'd space out the numbers to allow for future infill if properties were subdivided. This avoids addresses like countries where they just use sequential increases (and end up with 23½ Woodward Drive, for instance).
8:01 the reason we have high numbers for street numbers is that our land packages are large, and a lot of distance between houses. That mean there are many numbers between each house. It works on a grid system. Every 1000, 2000, 3000 so on all line up on latitude and longitude. We refer the a section of a long street by block numbers. Like the 300 block of (fill in the blank)
Split level homes (9:27) are quite common here. I think it was a popular build style in the 70's. Definitely not my favorite and as you pointed out, a pain to build.
I'm so lucky I bought my first house in Ontario in 2015. Even then I thought I'd never enter the market, but I did find a 4 bedroom 2.5 bath 2100 square foot home an hour from work for $385k. Sold it in 2022 for $925k which is absolutely insane (no it didn't make me rich because I still had to buy a new house to live in).....Also my first home the address was two digits (23) and my new one is 3 (848)
Heya. Here's a crazy address for you: 18,000 Yonge Street, Richmond Hill, Ontario. It's real. And the crazy thing is, there are even higher numbers than that! Cheers from 🇨🇦.
Dude... You do know that it very rarely snows in Vancouver right?? You keep mentioning snow... I assumed you were a little more informed than to think that all of Canada is always covered in snow. Vancouver is on the coast. The climate is wet and temperate. It's mild in the summers and rainy in the winters. Very similar to England actually. It only snows a lot once every few years... and when it does... the city shuts down because the infrastructure is not equipped to deal with snow.
The average house in Vancouver is over a million dollars. Since you set your upper limit at a million, you aren't going to get many houses in your search results.
I'm so confused that you're so confused by the Walk Score. Would *you* want to have to walk on roads with no sidewalks, at night, in the winter, several kilometres to the nearest grocery store? I live close the heart of Vancouver, and I've had Cougars skulk right under my bedroom window, and had a giant Black Bear knock my fence down clambering over it to walk through my back yard when I was wearing headphones and puttering in the garden, lol. I didn't feel particularly threatened, but I'm surrounded by tons of other people and infrastructure. Out in the boonies of Mission at night trying to walk 7 or 8 km's home with groceries and that same Bear or Cougar snuffling up behind me, would put a little bit of a different spin on it lol.
The numbers are beneficial as it tells you exactly where in the city the property is located. Give me the number and street number of any place in Edmonton and I can tell you where it is located and what route I need to take to get there.
The last 2 digits are the house number while the rest indicate the cross avenue or street, whichever applies. Avenues in Edmonton go East West, while streets go North South. Roads that don't follow those directions are called drives or roads or ways or whatever.
Also, Vancouver rarely has snow. If it snows in Vancouver, driving is a real hazard. Vancouver has a climate more similar to Melbourne than to Edmonton.
18:52- a crawl space is underneath the house and usually accessible by a detachable side wood panel, it’s not actually a basement but a crawl space for access to plumbing and wiring. Some use it for minimal storage but typically not heated and or poorly insulated so you wouldn’t keep much there as it’d be exposed essentially to the elements, so nothing that’d be affected like metals that would degrade from the contracting of cold weather to expanding in the heat of summer. Also not stilts, basements are concrete and either fully or partially underground.
BC and Washington both have a Vancouver b/c explorer Captain George Vancouver mapped some of that coast. And in typical imperial English fashion named a bunch of it after himself.
"Sweat equity" and "sold as-is" both generally indicate that a house needs significant repairs, with sweat equity in particular meaning that it's going to take either a lot of physical labour or project management time on the owner's part rather than just buying a new roof or upgrading the windows.
In many places street numbers are not only for the street you live on but they are standardized so that 853 Main Street will be opposite the parallel 853 Second street same for Third Street etc... This is done in a grid format for ease of finding addresses by number and for any new roads that will go in.
Vancouver real estate (housing) prices are even more expensive than the GTA. In fact, Vancouver is among the most expensive cities in the entire world. It's pretty standard for apartments to come equipped with a fridge, stove, and often a dishwasher too. But not usually for houses.
For anyone who's not from the area and is confused:
Property 1: It's so cheap because 1) it's a 54yr old property with an insane strata fee of $859/month, and 2) It's a leasehold, meaning you're paying 500k for a property which has no land value and doesn't really belong to you or your future generations. It's leased by the government.
Property 2: Undivided half interest means that you're paying $1,000,000 for half ownership of the house, but you only OWN half of it, YOU CAN NOT LIVE IN IT. You're literally just paying $1,000,000 for someone else to live in their house.
Property 3: Island in the middle of nowhere. If you actually work in Vancouver, you're taking a ferry every day to and from work, never mind the drive.
Property 4 & 5: The distance looks close, but is deceiving. These two are great if you can find employment in the area or WFH, but if you work in actual Vancouver with rush hour traffic? My estimation would be about a 4-5 hours (round trip) commute daily to your office? You'd be spending like 12 hours in total for "work" for 8 hours pay.
Property 6: Isn't even part of Canada. It's in Washington State in the US.
Wow thanks for breaking all that down for me! Gives a lot more context to what I’m seeing. Especially number two. I’ve never heard of anything that crazy before
@@OJBReacts
Yeah, it's super crazy, not to mention a terrible investment. Usually places like those don't sell, especially not for that high of a price.
You're really just hoping that whoever owns the other half kicks the bucket before you do and have no next-of-kin.
Usually this happens when say, the parents pass away and leave each of their 2 children with 50% of the house; or in other cases, a divorce happens. Neither party has the funds to buy the other half out, and neither parties can agree to sell or not, etc.
In pretty much all cases, it's best to sell the property as a whole and the split the cash afterwards, so this type of thing is quite rare.
You realize that Vancouver, BC (where the 2010 Olympics were hosted) is a completely different city than Vancouver, WA?
Most streets in Ontario have addresses starting at 1 and going up from there. My current home has the number 285 My last one was 144. Growing up it was 89.
kon-doe-MIN-ee-umm
12345 - 67 street would be House #45, on 123 avenue, facing 67 street. If there's a NW, NE, SW, or SE, those indicate the directions you travel in order to increase numbers. It's infinitely more logical than named streets which give no indication as to where in the city you are or need to go. It also allows you to expand infinitely in all directions without ever repeating an address.
Naming named streets is a little bit more of a wild west show, but often you'd space out the numbers to allow for future infill if properties were subdivided. This avoids addresses like countries where they just use sequential increases (and end up with 23½ Woodward Drive, for instance).
9:56 and the price of this house is because the first one is only half an acre. This one has much larger acreage.
The property you view at 20 mins is in Washington State, in the USA. The prices are a lot cheaper when you cross the border.
8:01 the reason we have high numbers for street numbers is that our land packages are large, and a lot of distance between houses. That mean there are many numbers between each house. It works on a grid system. Every 1000, 2000, 3000 so on all line up on latitude and longitude. We refer the a section of a long street by block numbers. Like the 300 block of (fill in the blank)
Split level homes (9:27) are quite common here. I think it was a popular build style in the 70's. Definitely not my favorite and as you pointed out, a pain to build.
Tv are in the cabinet adjacent to the couch , it a decorative style
I'm so lucky I bought my first house in Ontario in 2015. Even then I thought I'd never enter the market, but I did find a 4 bedroom 2.5 bath 2100 square foot home an hour from work for $385k. Sold it in 2022 for $925k which is absolutely insane (no it didn't make me rich because I still had to buy a new house to live in).....Also my first home the address was two digits (23) and my new one is 3 (848)
Heya. Here's a crazy address for you: 18,000 Yonge Street, Richmond Hill, Ontario. It's real. And the crazy thing is, there are even higher numbers than that! Cheers from 🇨🇦.
Dude... You do know that it very rarely snows in Vancouver right?? You keep mentioning snow... I assumed you were a little more informed than to think that all of Canada is always covered in snow.
Vancouver is on the coast. The climate is wet and temperate. It's mild in the summers and rainy in the winters. Very similar to England actually. It only snows a lot once every few years... and when it does... the city shuts down because the infrastructure is not equipped to deal with snow.
The average house in Vancouver is over a million dollars. Since you set your upper limit at a million, you aren't going to get many houses in your search results.
It seems you would own half, which means you share the rental income and the expenses; plus you would own half when it sells at a profit.
Arlington house is Iin The US.
Yes. It is in Washington so can’t really compare to BC.
I'm so confused that you're so confused by the Walk Score. Would *you* want to have to walk on roads with no sidewalks, at night, in the winter, several kilometres to the nearest grocery store? I live close the heart of Vancouver, and I've had Cougars skulk right under my bedroom window, and had a giant Black Bear knock my fence down clambering over it to walk through my back yard when I was wearing headphones and puttering in the garden, lol. I didn't feel particularly threatened, but I'm surrounded by tons of other people and infrastructure. Out in the boonies of Mission at night trying to walk 7 or 8 km's home with groceries and that same Bear or Cougar snuffling up behind me, would put a little bit of a different spin on it lol.
The numbers are beneficial as it tells you exactly where in the city the property is located. Give me the number and street number of any place in Edmonton and I can tell you where it is located and what route I need to take to get there.
The last 2 digits are the house number while the rest indicate the cross avenue or street, whichever applies. Avenues in Edmonton go East West, while streets go North South. Roads that don't follow those directions are called drives or roads or ways or whatever.
Also, Vancouver rarely has snow. If it snows in Vancouver, driving is a real hazard. Vancouver has a climate more similar to Melbourne than to Edmonton.
This guys seems absolutely baffled by the concept of basements...
10:37 HAHA its is sweat equity because you need to work to keep it up.
Fancy way to say "Fixer upper"
Here is just one example of the difference between U.S. and Canada housing prices: th-cam.com/video/Zn7nVOMkK9Q/w-d-xo.htmlsi=ZPEgbmlznUvJZDps
Condominium, not condomonium.