As the third largest city in Canada, Vancouver British Columbia is known for its vibrancy and liveliness; the city is full of life. The city is also popular as the destination for buyers looking to buy homes as well as real estate investors. The city’s population that is ever growing, an economy that is stable and great weather are some of the factors that attract investors to the Vancouver real estate market. A surge in the property prices in this market is as a result of the increased population that in turn has seen the demand for homes shoot up.
Though property prices are currently a little unstable in some ranges, experts have predicted an increase in the near future. This is enough proof that the housing market is the place for potential investors. Research has revealed that Vancouver is the North American city with the most purchased homes within the northen region. One may ask, why the increase in demand? The warm climate experienced in this city all year round makes it possible for residents to engage in any activity of choice. With a diverse population of one million comprising of different cultures, Vancouver attracts investors all over the globe such as Asia.
In addition to nature playing a part in luring investors to the Vancouver real estate market, it has been listed on several occasions as one of the best North American cities where one can buy a residential property. Moreover, the city boasts of good schools, infrastructure, excellent administration, health care and security. This is because the Government of Canada has highly invested in these social amenities like education, hence making Vancouver in the limelight for investment.
The city has also been recognized for its high class living standards among other awards and recognitions that investors should find out more about in order to get assurance that they are investing their money in the right type property market. It cannot go without mentioning that the friendly nature of the people of this city is a plus for the Vancouver and its luxury condo market when it comes to attracting investors and buyers.
The market also offers a wide variety of properties for sale to suit a variety of clients with distinct tastes and needs. For instance, some buyers look for residential homes while others only want property they can invest in. Even buyers looking for residential would still look for variety with some seeking condos and others townhouses, etc.
Apart from remaining stable throughout the recession period, compared to other major cities, this market has grown recently at an alarming rate more so as a result of the growing interest by foreign investors in this specific market. The market has seen foreign investors pounce on the next opportunity that comes their way. The future of the Vancouver real estate market is incredibly bright with great potential of growth. Last but not least, the market has various qualified real estate professionals or realtors who are willing to assist any potential buyer or investor looking to penetrate and exploit this market.
