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VANCOUVER’S CHEAPEST HOUSE MAKES $492,000 PROFIT! — Compare That to a $153K Florida Home!

406 views · Published 22 April 2017 · 6:27 · Indexed 25 October 2026

Channel: Mike Martins · 2017 · News & Politics

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Hey YouTubers! Mike Martins here from the Mike Martins Channel, bringing you another shocking edition of the housing crisis!

Just when you thought Vancouver's housing market might finally be cooling down, I've got some bad news for you!

VANCOUVER'S CHEAPEST HOUSE FROM 2014 JUST SOLD FOR NEARLY HALF A MILLION DOLLARS MORE!

People, we're talking about approximately $492,000 in price appreciation in less than three years!

And wait until you see what I found for sale in Florida!

VANCOUVER'S CHEAPEST HOUSE ISN'T SO CHEAP ANYMORE!

Back in April 2014, a modest three-bedroom house on Clark Drive in East Vancouver made headlines when it was advertised for $599,000.

The house eventually sold for $643,000.

At the time, it was being described as one of Vancouver's cheapest detached homes.

Now fast-forward to 2017.

That same house, built in 1911 and located along a busy truck route, has just sold for an incredible $1.135 MILLION!

That's a $492,000 increase in its selling price in roughly two and a half to three years!

The property is approximately 1,870 square feet, with three bedrooms, and the owners made improvements, including a separate lower-level studio suite.

The house was listed for approximately $1.09 million and sold after only two weeks on the market.

The owners are reportedly using the sale to move into a larger house in the same neighbourhood.

But people, here's my question:

HOW DOES A HOUSE INCREASE BY ALMOST HALF A MILLION DOLLARS IN JUST A FEW YEARS?

What happened to the Canadian housing market?

NOW LET'S COMPARE VANCOUVER TO FLORIDA!

I decided to do a little digging.

I know Florida pretty well, and every time I mention places like Miami, West Palm Beach or other Florida communities, people automatically assume you need millions of dollars to live there.

Well, I've got something interesting to show you!

I found a house listed in Brandon, Florida, for approximately $153,000 USD.

Here's what we're looking at:

Three bedrooms

Two bathrooms

Built in 1987

Central air conditioning

A substantial yard

Located near schools and local amenities

Estimated mortgage payment advertised around $580 per month

And this isn't some tiny little shack!

It's a decent-sized family home in an established Florida community.

Now compare that with the Vancouver property selling for more than $1.1 million Canadian!

Obviously, we're dealing with different currencies, property taxes, insurance costs and housing markets. But even accounting for those differences, the price gap is enormous.

And that's what I'm trying to get people to understand.

WHY ARE CANADIANS PAYING SO MUCH?

People, we've reached a point where ordinary houses are being treated like financial commodities.

A property that sold for $643,000 in 2014 is now selling for over $1.1 million.

How is the average working Canadian supposed to compete with that?

How are younger families supposed to save for a down payment?

How are people supposed to lay roots, raise children and build a future when the price of housing keeps running away from their wages?

We're talking about ordinary houses, not mansions!

And I'm still asking questions about where all this money is coming from, how lending is being handled, and whether speculation is continuing to push prices beyond what local incomes can support.

WHY I LEFT VANCOUVER!

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