Reasons You Should Buy or Sell Your Vancouver Home

Vancouver is quickly becoming one of the fastest-growing destinations for businesses and residential properties. Vancouver is well known for its vast options of food, entertainment, and its close proximity to the United States border, which is about 45 minutes away. There’s so much to do in and around Vancouver, that it has become more than just a tourist attraction. The city has become an attractive option for many businesses and cultures. 

For someone who doesn’t live in Vancouver, the city may seem like a viable option for them to buy a home. For residents of the city, they may see this as an optimal time to sell their home and relocate. Here are some reasons why you should buy a residential property in Vancouver...or why you should consider selling your Vancouver home:

Reasons to Buy

Like we previously stated, Vancouver is a beautiful city with a vast, growing culture. It has many natural amenities and can provide activities for all age groups. With options like sailing, snowboarding and skiing, and hiking, you can never run out of things to do outdoors at any point of the year. Go on a food tour, visit the shopping in Gastown, or go see a hockey game! Whatever it is that you like to do, Vancouver likely has it. The city also boasts a booming education scene, featuring some of the top universities in the world, along with excellent private educational institutions. 

The job market in Vancouver has also been on the rise over the last few years. More companies are starting to move in, creating more job opportunities than ever. Now is the time to stake claim to a residential property in one of the world’s most livable and culturally diverse cities!

Reasons to Sell

Vancouver is a growing city in terms of jobs and in terms of residents. With the increase in companies moving to the city and the rush of employees and citizens that will follow, this drives up the demand for more housing. With that need for more housing comes the increase in housing costs. Vancouver homes cost more now than ever! Some estimates have stated that homes could require residents to make between $100-$160k per year just to be able to afford their homes. 

With the industry boom looming and the rise in residential property costs, now is the best time to sell your home. Homeowners are getting up to 95% of the asking price of their home, which means better returns for your residential properties. 

Contact a Vancouver Realtor Today

If you are interested in buying a new residence in Vancouver or interested in selling your Vancouver home, contact a realtor today to see what kind of beautiful home you can purchase or see what kind of value you can get for your home in today’s climbing market!