kingblazer84
Well-Known Member
kind of like real estate it'll tank and prices will crater
Boats on Used Victoria and Other Areas
- Thread starter kingblazer84
- Start date
EZZ70
Well-Known Member
I guess I wait and keep saving bank $$
Aquaholic
Crew Member
21’ Hourston. $11,400.
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Stizzla
Crew Member
I don’t see how a toy and a house are the same at all.
If prices were magically to drop on homes, it would only cause massive bidding wars by those who can actually afford to get in the market, instantly raising prices again.
The only thing that can lower the price of houses is interest rates going up significantly, but that just means higher interest and lower principal = same mortgage payments.
ReelSlim
Crew Member
Honestly I don’t think much will happen. Might be the odd deal to be had but this topic was brought up when the regulations for fishing started becoming ridiculous. Oil will rebound so the cost of plastics and fibreglass go up and aluminum isn’t getting cheaper anytime soon. My observations on buying a boat is be ready with the money but so far not many people are giving them away for free....lol
Rain City
Crew Member
I agree I think it'll take years of boats sitting in driveways for the price to drop significantly. Might find the odd good deal when all the covid divorce dust settles but people know what they paid and have a tough time taking hits.
Aquaholic
Crew Member
Here is the USA version of sale prices on that line of boats. Not the same model.
Aquaholic
Crew Member
Ouch
kaelc
Well-Known Member
The junk will come down in price when free money stops. Surveys and cautious buying, with offers under ask, will come back just like in real estate. BC and Federal Grants will come to an end and LOC's will increase in cost and those who can not maintain a boat or mooring the boat will bailout. Quality boats that people invest in will stay high as parts and manufacturing costs of new ones will not get any cheaper. Supply chains for some parts are backed up 12-18 months so even if someone wants a new boat and manufacture can weld or lay one up with glass, they might not be able to get the engine or steering parts. Manufactures are asking for payment upfront for lots of things in the supply chain so don't be surprised if someone asks for 50% down to get started on toy for you.
Several friends are sharing the cost of used boats these days, even going for a 3 way (don't bite on that) so even though the price has risen by 25% from this time last year they are only paying 33% of the purchase and maintenance cost of their new to them boat. Two friends sold larger boats so are now flush with cash maintaining and upgrading the new shared boats. A Campion 542 and Boston Whaler Conquest were just purchased this way.
Several friends are sharing the cost of used boats these days, even going for a 3 way (don't bite on that) so even though the price has risen by 25% from this time last year they are only paying 33% of the purchase and maintenance cost of their new to them boat. Two friends sold larger boats so are now flush with cash maintaining and upgrading the new shared boats. A Campion 542 and Boston Whaler Conquest were just purchased this way.
My friend had a 26’ Glacier Bay. He bought it to commute back and forth to Lasquiti. He liked it up to the point where he almost rolled it in a brisk following sea when it sheared off.
Caveat. He is a lifelong boat guy who still fishes commercially and designed and built a line of aluminum boats. His commuter boat now is a 28’ by 10 1/2’ Northwest. He is done with cats.
Doubleheader
Well-Known Member
Deal pending HA
21’ Hourston. $11,400.
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BigBird007
Crew Member
Used.ca | Classifieds for Jobs, Rentals, Cars, Furniture and Free Stuff
Buy & sell your used stuff for free in undefined. Your local, family-friendly online classifieds site for cars, furniture, jobs, real estate & more
www.usedvictoria.com
Stizzla
Crew Member
Used.ca | Classifieds for Jobs, Rentals, Cars, Furniture and Free Stuff
Buy & sell your used stuff for free in undefined. Your local, family-friendly online classifieds site for cars, furniture, jobs, real estate & more
www.usedvictoria.com
perfect for the Snyd-Mobile
Aquaholic
Crew Member
1990 Grady White Gulfstream 23. $5000.
No power on the boat and no trailer, rot was found on either side of the fuel tank pocket. It's only $5000 for a boat that has great potential. You all know these boats are stupidly priced when they're in good shape and next to impossible to find in any condition so if someone out there has power and wants to put a little TLC into this old girl it'd be good boat for somebody. It was equipped with a 250 four stroke and there is power available for extra. It's a 2007 Yamaha 250hp four stroke as well as an 8 hp Yamaha aux motor for extra. These two motors will most likely be sold separately but can go with boat for the right price. This is NOT a part out boat, it's sold as is. It is located at Dryland Marine in West Sechelt on the Sunshine Coast. It would be way more beneficial to come see the boat rather then me try to explain everything. I will not hold the boat unless there has been an e transfer sent.
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No power on the boat and no trailer, rot was found on either side of the fuel tank pocket. It's only $5000 for a boat that has great potential. You all know these boats are stupidly priced when they're in good shape and next to impossible to find in any condition so if someone out there has power and wants to put a little TLC into this old girl it'd be good boat for somebody. It was equipped with a 250 four stroke and there is power available for extra. It's a 2007 Yamaha 250hp four stroke as well as an 8 hp Yamaha aux motor for extra. These two motors will most likely be sold separately but can go with boat for the right price. This is NOT a part out boat, it's sold as is. It is located at Dryland Marine in West Sechelt on the Sunshine Coast. It would be way more beneficial to come see the boat rather then me try to explain everything. I will not hold the boat unless there has been an e transfer sent.
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Brian Reiber
Well-Known Member
My guess is there will be all kinds of deals in 2-3 years. When the borders open up the families that can afford to travel are going to be itching to do that. That's going to stretch the family budget and the boats, rv's quads, etc that are now just sitting in the yard are going to go on the market. The real icing on the cake will be when we see the inflationary period that is coming, that will lead to an increase in interest rates and all those people with a yard full of toys that everyone is jealous of will be in a world of hurt. For the first time in their lives they won't be able to just re-mortgage the house to make it all right. This will bring even more supply to the used market. I hope I'm wrong because the impact will be devastating for a lot of people. When I have a budget for $100,000 and I can't find a really nice 15 year old turn key fishing boat with low hours that is a clue to me that things have gone horribly wrong.
Aquaholic
Crew Member
Once they let immigration students, foreign workers and STEM professionals back in our country, plus the expected immigration and inter-migration, I think it will keep the momentum going here in BC.
brutus
Well-Known Member
After 20000$ in hull restorations it will be a nice boat1990 Grady White Gulfstream 23. $5000.
No power on the boat and no trailer, rot was found on either side of the fuel tank pocket. It's only $5000 for a boat that has great potential. You all know these boats are stupidly priced when they're in good shape and next to impossible to find in any condition so if someone out there has power and wants to put a little TLC into this old girl it'd be good boat for somebody. It was equipped with a 250 four stroke and there is power available for extra. It's a 2007 Yamaha 250hp four stroke as well as an 8 hp Yamaha aux motor for extra. These two motors will most likely be sold separately but can go with boat for the right price. This is NOT a part out boat, it's sold as is. It is located at Dryland Marine in West Sechelt on the Sunshine Coast. It would be way more beneficial to come see the boat rather then me try to explain everything. I will not hold the boat unless there has been an e transfer sent.
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Brian Reiber
Well-Known Member
I hope your right but I don't think that foreign workers and immigrants are coming here to pay down the astronomical debt that Canada has racked up. not to derail the used boat thread just my 2 cents. Like I said if I can't get a nice boat for $100,000 I'm taking a year off. Lifetimer is building me a really nice 14'skiff that I've wanted for a long time anyways, the new motor is on order, and I'll slum it for a year. I've caught a heck of a lot of fish out of a 12' tinny as kid I can do it again for a year or two.
EZZ70
Well-Known Member
Yep, could be a good project boat for sure with a nice finish...
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