Vancouver Real Estate Market Boom, A Good Sign to Move to Vancouver?

In a news article published last August 2, which was based on a news release given by the Real Estate Board of Greater Vancouver (REBGV), it was reported that Vancouver’s housing market had the most sales for the year, specifically in the month of July, which is also the best since 2009. The recent Vancouver real estate market saw a 40.4 percent increase compared to the same month last year and 11.5 percent over June 2013. These data also showed a 0.1 percent growth throughout the 10-year average.

According to The Economist, Vancouver is not only the best place to live in Canada, but it’s actually the best city in the world to live in. Furthermore, if you check the results of the United Nations 175-country Quality of Life survey in the past ten years, you’ll see that Canada has always remained among the top ten best places to live. Some factors that were considered to determine the outcome of the said researches are: the city’s political stability, healthcare, income, environment, education, climate, housing, etc.

The Vancouver, BC real estate sales boomed because of the growing demand for houses, which could be attributed to the fact as shown in another survey by the Organisation for Economic Co-operation and Development (OECD) that Canadians are said to be paying off their mortgages quickly in about two-thirds of the time originally intended, thereby fueling the real estate industry. This July, there were around 4,854 new listings for detached, attached, and apartment properties (1.1 percent more than the same month last year), and about 2,946 homes changed hands on the Multiple Listing Service (MLS). Indeed, these figures point to one thing: Vancouver’s housing market is thriving.

Why move to and live in Vancouver?

Community. Vancouver has a clean environment, and different regional parks that are forested and protected. Also, it has a good community with a high standard of living that has caught the attention of people of different nationalities, particularly those who are looking for a comfortable and satisfying lifestyle.

Healthcare. People who live in Vancouver are covered by the Medical Services Plan of British Columbia (MSP), which is financed by the taxes and transfers from the federal government. Vancouver likewise offers a high standard of health care, as the city serves as the home of some of the province’s best and renowned hospitals.

Still not sure whether to move to Vancouver or not? You can always consult with a leading realtor or real estate agent, such as Jean Seguin of Vancouver Canada Homes, who knows the ins and outs of the property market so well that finding the perfect home for you and your family won’t have to be such a trying experience. Needless to say, Vancouver is the best city to live in only if you’re in the right house.

Visit my google + profile


About Jean Seguin

Jean Seguin has written 301 post in this blog.