What should buyers do? The threat of rising rates, complex mortgage regulation and proper government interventions, the Greater Vancouver Real Estate market continues to defy expectations.The market is characterised by lower inventory, high demand and consistency high prices backed by stricter mortgage regulations.
Anyone dreaming of owning a home this 2018 market can seem unnerving. To succeed in this, you can downsize your property size and type or opt to purchase a property based on solid fundamentals. This means finding a house in a good value neighbourhood that offers a better than decent continued momentum in the future.
It’s hard to find such a market such as Vancouver Real Estate, let’s see where to buy in 2020.
Uptown NW
Uptown New Westminster is the top Vancouver neighbourhood ranking in 2018. Last year average home prices in this neighbourhood were less than $1 million a slow appreciation due to the mixed-use community. This means single-family houses share a street with older, low-rise apartments building and condo towers.
Realtors who specialize in this market agree that uptown new west is inner-city life without inner-city Vancouver real estate prices. The community overlooks Fraser river offering great festival and favourite farmer’s markets. There is also the Westminster Pier park down to Fraser river discovery Centre,and you love the area as it’s between tow sky train station and offers easy access through the highway 1A and three significant arteries that take commuter into Downtown Vancouver Condos.
The Birchland Manor
The massive price growth in Metro Vancouver Real Estate made the surrounding areas such as port moody, Langley and Port Coquitlam homes increase in prices. In 2017 the neighbourhood was less 50 percent than any port Coquitlam, and most people didn’t see the value. Later buyers figured it out, and now average home prices are a bargain at just under $810, 000 which is 15 percent than the homes around. This is more than 55% less than average home prices in Port Coquitlam.
If you’re looking for older-stock family homes in Birchland Manor which are single-family homes in the area rapidly developing prompting more townh0sie and condo complexes. The properties are in a great spot if you are looking to escape the hustle and bustle of the city while remaining close to all the amenities and benefits of the city living. Check here.
Mission B.C.
Are you looking for exceptional value? Can you drive for an hour each way commuting to work then consider moving to Mission, B.C. homes here are 70 present cheaper compared to the GreaterVancouver Real Estate average homes prices. In 2017 a single-family home here was less than $645,000 and after one year the rate increased by 19 percent.
The option ranges from near, larger and more expensive homes to an older home with two to five bedrooms. The apartments are located north bank of the Fraser River near the city of Abbotsford and appeal to the access to the interior B.C offers such as snow sports, hunting, fishing and many other outdoor actovit9es as well as amenities of urban living.
Port Moody Centre
The opening of the Port Moody Centre Skytrain 2 years ago accelerated the revitalisation of this Vancouver Real Estate. The area offers single family homes you new-build townhomes and condors and turning unto one of the best examples of mixed-use community in Vancouver.
The homes are still $500,00 less on average and predicted in 10 years the area will look and feel different.
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Mary hill
The Vancouver Real Estate is located far side of the Coquitlam and south highway. The properties range from detached two-storey homes on large flat lots and buyers can townhomes on the north side. In 2017 the prices increased by 18 percent where buyers can find a single-familyresidence for less than 1-million in Mary hill. These are ranked the best neighbourhoods in three regions-core inner suburbs and outer. For more information visit: https://www.placerealestate.ca/all-downtown