Mount Pleasant is one of Vancouver’s trendiest neighborhoods. High demand has resulted in many lofts, condo buildings, and strata properties on the busy streets, while a mix of heritage homes, and high-end detached properties provide a community feel. A mix or bars, restaurants, independent coffee shops, and boutique shopping attract many young professionals and visitors to the area, making it attractive for young home buyers and investors alike.
Perhaps one of the largest transformations to the Lower Mainland in the last decade has been in Olympic Village. A previous industrial hub, the area has since been revitalized to mixed use waterfront space. Condos built to house the athletes during the 2010 Winter Olympics are now some of Vancouver’s most coveted buildings, including Canada House, Shoreline, Brook, Bridge, Kayak, and Sails.
High Supply
Supply of homes is at the highest it has been in the past two years, based on May figures from the Real Estate Board of Greater Vancouver. While this is still less than the long-term historical average, it does mean that buyers have a window of opportunity in a market that seemed to be rising faster than you could drive to the bank.
It’s not breaking news – Vancouver home prices are high, and getting into the market is a challenge for many first-time home buyers. To make matters even more complicated, the immediate suburbs of Vancouver like Burnaby, Richmond, and North Vancouver are becoming increasingly unaffordable, meaning Vancouver home buyers are having to move further and further from the city. The good news is – transit lines are expanding and there are growing communities now more easily accessible to working Vancouverites.
We’ve all driven by a sign that reads “For Sale by Owner.” While seemingly a viable option for selling your home, it is actually more work, requires more time, and leaves the seller with less money in their pockets. Working with an experienced and competent Realtor streamlines the home buying and selling process so that you extract the most value out of the transaction.
Here’s How: