Home sales in Canada rose 2.3 per cent from March to April, according to a report published by The Canadian Real Estate Association. This makes it the market’s third consecutive month-over-month increase. In addition, actual activity (no seasonal adjustment) went above April 2014 levels by 10 per cent, while the Canadian housing market remain balanced overall.
With these positive developments, people who plan to take part in the real estate action, or even those who want to buy a new home with an eye to future reselling, are in good shape. Attractive Mount Pleasant real estate presents an interesting starting point.
Mount Pleasant, Vancouver
What makes Mount Pleasant ideal? First of all, it can be considered a niche community for those interested in the arts. The area is highly diverse and vibrant, recognised for its heritage buildings, bizarre stores, residents with an affinity for artistic expression, and, by extension, art-focused festivals.
Additionally, there is a plan underway that encapsulates a number of projects aimed at beautifying and improving the community. The plan is in partnership with two nearby communities – Downtown Eastside and Grandview-Woodland, and targets to gain a significantly higher livability rate, which should increase the value of Mount Pleasant homes in the future.
It’s not only the potential rising values that make Mount Pleasant an interesting area for real estate investment. For those who seek a good quality of life, the place has a lot to offer. Houses in this community are relatively more affordable compared to downtown Vancouver, and the close proximity to the centre of the city makes the daily commute convenient for those working in the downtown area.
Many would also agree that the parks in the neighbourhood are its best features. There are nine parks in all, perfect for people to walk their dog or just take a nice stroll. Not only that, part of the initiatives of the community is to turn the streets into mini-parks. Also, the area offers one of the best views of the North Shore Mountains.
If you want to find a home in Mount Pleasant, check out listings from reputable real estate consultants. Some, like Real East Van, even provide virtual tours for interested buyers.
(Canadian home sales up again in April, CREA, May 15, 2015)