Vancouver’s real estate sector has seen some substantial growth this year, thanks in part to more reasonable mortgage rates and a low turnout of vacant residences. As such, prospective homeowners looking to settle in the ‘Couve as well as tenured residents who wish to escape the never-ending cycle of monthly rental payments might want to take advantage of these conditions, whether they plan to acquire properties for residential or rental income purposes.
A Huffington Post article dated September 4, 2014 also adds that due to a projected rise in rental costs, it would seem that owning a property would make a better choice down the line. However, the article also reminds people to weigh such a decision carefully. For instance, apart from shelling out money for the down payment on a property, there are also other fees and monthly maintenance costs to consider. Unless one’s assets are liquid, one cannot afford to disregard the impact of such a financial decision on one’s budget.
For many people, the pride and stability of ownership, along with the chance to build equity, outweigh the added responsibility of closing costs and maintenance. Real estate prices and interest rates aside, it’s important to think about whether or not your financial and personal situations put you in the right position to buy.
For those in search of condos for sale in Kitsilano, it would be wise to seek the assistance of a dependable real estate company such as Vancouver Canada Homes that provides up-to-date property listings. Realtors from such a company would be well-versed in recommending the best condo options in prime locations based on each client’s preferences and budget.
Likewise, realtors with extensive knowledge of the local market and a vast network of industry connections can help buyers find Kitsilano houses for sale located conveniently close to various places of interest such as downtown Vancouver, shopping and dining establishments, sports and recreation facilities, and the famous Kitsilano Beach. Indeed, aspiring home owners can count on an experienced realtor from a company like Vancouver Canada Homes to offer the hottest listings that fit their ideal lifestyles.
(Source: Vancouver Real Estate: With Rents Rising, Is Now the Time to Buy?, Huffington Post, September 9, 2014)