Nov. 2, 2014

What's happening to the Vancouver Real Estate Market in the next 12 months?

CREA , Canadian Real Estate Association said in a publication to Realtors in British Columbia last month that based on their projection they expect 34,000 people to move to Vancouver and the Greater Vancouver Area in the next 12 months.  Even though not everyone moving to the area will buy a home, it is important to note that more people seeking rental places couid most likely boost the prices of rent to new high levels.  If only a percentage of those 34,000 people buy a home, that is also a huge boost of new home buyers entering the market and putting an upward pressure to the already expensive Vancouver real estate market.

Why is it a Great Time to Buy a Home in Vancouver ? 

You must have heard of the saying that real estate is an investment that everyone needs to make in order to be financially secure in the future. However, even if you do not consider your home an investment, you should still purchase a home or a condo because you're going to pay rent anyway.  If you're renting anywhere in the city, you'll want to read this article and probably consult with a Real Estate Agent after.

Besides the financial benefits of owning a home, there are other benefit such as the pride of having your own home.   You can curl up in your bedroom on bad days and celebrate with your friends when you get a promotion, or you can have romantic dates with your significant other in your home as well. All of your important life activities are always centered around your home, which is why the decision to purchase a home is one that requires a lot of contemplation.

Considering all these factors, it only makes sense to purchase a house where you can actually spend your life with comfort and joy. A home does not only consist of what you put in it, a home’s worth and value are also determined by where the home is located. This is why you should consider purchasing your house in the city of Vancouver, Canada. Here are a number of reasons as to why you should most definitely purchase a home in Vancouver.

Vancouver comes third in Canada’s most populous metropolitan areas. The population factor is always something you need to consider when thinking of purchasing a place somewhere. If you live in an area that has a small population, you might not enjoy a lot of facilities that populous metropolitan areas have to offer. Also if you feel uncomfortable with the fact that smaller and less populated areas allow people to know each other better, then you should opt for Vancouver because you can easily live an independent life in the city.

You can get lost in the crowd and not worry about the things you have to worry about when you live in a small community. Vancouver roughly has a population of 600,000 people. Its metropolitan population is at least 2.5 million people. What’s more is the fact that Vancouver has most recently been voted the ‘most livable city of the year’ by the Economist Intelligence Unit.

You should also focus on the kind of weather that Vancouver has so that you can decide whether or not you want to live there. Vancouver in particular is a place that has warm and sunny days. The area is a coastal city which is why it does not get hit by extreme weather. Even the winters in the city are rather mild and a little wet and overcast. It is also one of the world’s cleanest cities because the population of Vancouver and the authorities of the city take great care to preserve the beauty of the area. The citizens of Vancouver are compassionate and responsible people who play their part in making Vancouver one of the most livable cities in the world.

Vancouver is also a 45 minute drive from the border of the United States of America. It’s only 2.5 hours away from Seattle. The location is great and it is an English speaking city. It is also known as one of the most ethnically diverse cities in all of Canada. People of all nationalities, race and religion co-exist harmoniously with one another in Vancouver. These are only a few reasons as to why you should purchase a home in Vancouver and live in a place that makes you happy.

What's happening to the Vancouver Real Estate Market in the next 12 months?

CREA , Canadian Real Estate Association said in a publication to Realtors in British Columbia that based on their projection they expect 34,000 people to move to Vancouver and the Greater Vancouver Area in the next 12 months.  Even though not everyone moving to the area will buy a home, it is important to note that more people seeking renters, will most likely boost the prices of rent up.  If only a percentage of of those 34,000 people buy a home, that is also a huge boost of new home buyers entering the market and putting an upward pressure to the already expensive Vancouver real estate market.

Hani Faraj, Realtor
778-881-6781, direct