Investing in Vancouver Real Estate

(September 13, 2014 , posted in Investment Property)

Think you can't find a good investment in Vancouver's Real Estate Market anymore? 
Think again. Opportunity is everywhere and here are just a few examples. There is always opportunity if you work with a Real Estate Professional, know where to look, understand the development plans, recognize where population growth is happening and see the potential

The following content is pulled directly from a recent study reported in The Globe on Sept.12/2014

Brookfield RPS pored through its data for some of Canada’s major centres for The Globe and Mail and determined which areas (it breaks them down by the first three digits of their postal code) have had the strongest price appreciation over the last five years. Top bragging rights go to those people who bought detached houses in Vancouver’s Dunbar neighbourhood in 2009, where the average price has more than doubled. 

Here’s what the team at Brookfield RPS found for Vancouver:

The best performing neighbourhoods for five-year price appreciation of detached homes in Vancouver are Dunbar, North Dunbar and the Queen Elizabeth Park area, which collectively saw prices rise a whopping 96 per cent. For condos, the top spots were the West End, Davie Village and New Westminster, which collectively saw prices rise 45 per cent. In comparison, the city-wide average price for all types of homes rose by 29 per cent.

Vancouver’s market has rebounded from its slump, and prices of detached homes have hit new records. The benchmark price of houses was up 6.6 per cent year-over-year in August, to $984,300, according to the Real Estate Board of Greater Vancouver. The benchmark price of condo apartments rose 3.6 per cent to $379,200.

The key to Real Estate Investment is to be able to see past your own preferences. Just because you wouldn't live there doesn't mean it's not perfect for thousands of other people competing to own a product you could own and sell to the highest offer. Just like Vancouver is a playground for diversity, the market is made up of an extremely diverse population of home-owners and it's only growing.. 

Many opportunities still exist. Looking to invest?  Call me: 778-386-0771 and let's discuss how you can make some money in today's Real Estate Market.