This small, ugly and horribly located house in Vancouver sold for $643,000, which is $43,000 MORE than the asking price. This is considered the cheapest house in Vancouver and people were in a bidding war to buy it.
And this is their backyard:
The wooden planks are the extent of the backyard. Outside the deck, there is a public alley filled with trash cans.
On my recent visit to Montreal, I noticed that there was too much money in the city for the situation to be healthy. The word “bubble” was coming to mind every two minutes. Now I’m seeing that it isn’t just Quebec. Other Canadian provinces have lost all sense of what money is worth.
Tomorrow we are having the inspectors visit The Hedgehogs. As you probably realize, The Hedgehogs’ price is nowhere near what was paid for this ugly little tool shed in Vancouver. The Hedgehogs are cheap even for our area, and they have real nature, not a fake wooden-plank backyard. Prepare, people, if the inspections tell us all is good, I will persecute you with photos.
Clarissa's Blog 
Oh yeah, housing in Vancouver is so ridiculous. A couple of months ago an article was making the rounds about how you could actually buy a castle in Europe for cheaper than a house in Vancouver.
Since I want to go to UBC for grad school, I’m hoping that the skytrain is expanded by the time I go, so I can live in a much cheaper place like Surrey, then commute to Vancouver for classes, otherwise I’ll be paying through the nose for rent.
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Looking forward to the photos!
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LOL. Over half of all Vancouver residents rent. This bidding war is fairly typical for Vancouver. Sheer madness, of course. I live in East Van. Even this neighborhood has started to become gentrified. Soon we will all have to live on houseboats. =D
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