Vancouver is now listed as one among the best
cities in the world for buying homes. This Canadian city is present in the
west coast and has all amenities needed to mark its presence in all the
charts describing the top places for home buyers to invest their money. The
city is claimed to be one of the best Canadian cities and it is worth the
claim, thanks to both nature and administrators in making the city the best
place to live in. Infrastructure, health care, education and safety are some
of the important factors that help the city in maintaining its posture. And
that is why it is present in the top ten cities of Mercer Quality of Living
Survey, for more than 10 years.
First of all, let's try to understand what makes Vancouver the perfect place to live. To start with, Vancouver boasts of amazingly warm climate with an
average temperature of around 11 degree Celsius within a year (about 22 degree
average max in summer and 1 degree average min. in winter). This is the perfect weather for living or indulging in any type of activity such as sports or fitness. Though Greater Vancouver (including Richmond, Burnaby, New Westminster, Coquitlam, North Vancouver, West Vancouver, and Surrey etc,) is one of the most densely populated cities of the region, you can attribute it to its many excellent qualities that make people buy house in Vancouver rather than any other North American city.
Buy Vs. Rent:
Housing in Vancouver
How to live happily in Vancouver? Buy an own house? Rent an apartment unit?
Try considering the following facts which might help you in your decision making better.
Advantages of Buying Houses
- You feel safe, stable and comfortable, and proud maybe
- Your equity is sure to build with the passage of time, with your mortgage costs lessening over a time period even if housing prices remain unchanged
- You can modify and revamp your house the way you want it to
- Several tax benefits attached to homeownerships
Disadvantages of Buying Houses
- Down payment for your home is generally a big sum
- Maintenance and other costs may suffer fluctuation
- Fluctuations in equity cannot be barred
- Generally you have to sell-off your house if you wish to move out
- All the costs attached to your home must be borne by you alone
When is good time to buy a house in Vancouver
When you go out to buy a home in Vancouver just for your family and are unsure whether it is the right time, the short answer is that it does not matter. You need help from some indicators that can give you pointers when you are needing a home and you can afford it, thereby being an investor.
There are some "old hand" investors in the real estate who always focus at several key issues, which are considered as kind of indicators, such as:
1. Listings number! If the Vancouver homes for sale listings number is dropping in the "multiple listings service" (MLS), then it might mean the market is cooling down, the home's average price will go down probably.
2. Always mortgage rates! You can save thousands of dollars if the mortgage rates are the lowest. Vancouver real estate investors benefit from cash flow from the low mortgage rates.
3. Historic data! If the prices of the last three months are stable, that could be a signal, which indicates the Vancouver Home Prices have bottomed.
How to find a good realtor (real estate agent) in Vancouver
When you are buying a house or having a home for sale in Vancouver, you need to have a real estate agent so that your buying or selling process is not a hassle but an enjoyable and memorable experience. The Greater Vancouver area has around 8,000 realtors and there are more than 17,000 in BC province. Over 60% of Vancouver realtors will change careers within 5 years. It means not too many of them are good enough. Choosing a real estate agent is crucial for the success or failure of your
homes buying or selling venture. A nice realtor must have a sympathetic ear to listen and understand your real needs, and he/she should be a seasoned market analyst and a tough negotiator to catch a good deal for clients. Furthermore, he or she also ought to be a flawless contract writer to protect you not to be hurt and prevent any potential damages or losses. Here, is my advice on how to pick a Vancouver real estate agent properly.
People Love To Live In Vancouver: The Best Healthy City
Since 1990's, hundreds of thousands people have moved to Vancouver, from
Canada East, America, Europe, and Asia. This wave has spurred real estate
market booming for two decades. When investors analyse why this city's
housing market can keep being hot for so long, why people would rather spend
higher price to buy house in Vancouver, they always focus at classic
marketing issues, however, ignore one special factor in Vancouver: the
Vancouver boasts the lowest number of overweight residents, the lowest rates
of heavy drinking, the best community care, a tight smoking ban, and is
privileged to have the highest number of general and family physicians per
100,000 people. The City of Vancouver has two bold and ambitious plans for
sustainability - the Greenest City Action Plan (ecological) and the
Vancouver Economic Action Strategy (economic) - and they are now in the
process of developing the third - the Healthy City Strategy (social). In
Vancouver's ambitious goal to become the "world's greenest city" by 2020,
"improved health" is one of the top results expected from a more
intelligently designed urban landscape.
How To Sell Homes Fast In Vancouver, BC, Canada
It is not easy to buy a desirable house in Vancouver. It is even more tough to
get your home off the market at a desirable price and time, since there are
thousands of Greater Vancouver houses and condos for sale every day. And being the go-between these two is not easy either. Therefore,
we are giving you an
insight on how must a home seller go about the entire exercising of selling
a house of apartment/condo and being the one that helps facilitate this
process along with
all the duties, roles and expectations in brief.
First of all, when you want to sell a home fast, you have to do some
homework, such as: searching some data about the local real estate market,
competitors, calculating the business costs, etc. You need to know as much
as possible: Is it a buyer's market or seller's market right now? How many
homes for sale at
the same time? What is the average price of a house, or condo today? etc.
Vancouver House Prices Trends and Factors
When we are planning to invest in real estate, the first thing we should
consider may be the "Trends". No matter you are a big investor who is trying
to develop a whole building in downtown, even an entire block's commercial
project, or you are just a new comer who is saving and pinching to buy an
entry level one bedroom condo unit, you have to face the same issue: after 3
years, 10 years, will your property's value appreciate or depreciate? I
don't think anybody will be happy for the price going down after he has
bought a home. Therefore, study and analyze the trends of house prices is
very important and necessary for any home buyer and realty investor,
especially in Vancouver, BC, Canada.
Vancouver is the gateway between North America and East Asia. Underneath the
affection of "Economic Globalization", this city's real estate and housing
market is affected by economy environments and policies of not only Canada,
but also USA, and Asian countries. Dramatic Vancouver home prices have been
boomed since the late 1990s. This kind of real estate price booms are not
only happening in Canada, but also in USA, China, among other countries.
This dramatic price increase is not easy to explain, because many domestic
and local economic fundamentals do not match up with the Vancouver house
prices increase. That is why analyzing Vancouver house prices trends is
extremely complicated and difficult. There are too many factors are driving
the trends of Vancouver home prices, including short term and long-run