There are many reasons to buy or sell a condominium in the present housing market. East Vancouver is a perfect example of a community which has seen a truly amazing increase within this sector during the past few years. According to a Huffington Post article, February 2016 experienced a record-breaking $7.5 billion dollars in sales. Not only does this illustrate the fact that the demand for this market is growing, but it also emphasises the desire of families and individuals to own such lucrative properties.
A Welcome Opportunity
In January, the average price of a detached home increased by no less than 40 per cent when compared to the same figures from the previous year. This increase in prices affects not just detached home sales but condominium sales as well, with demand for the latter showing an increase. There are several factors behind this trend. Employment opportunities are seen to be quite attractive throughout the East Vancouver region. When we couple this with an amenable climate and the appeal of the urban district itself, the rise in the popularity of East Vancouver condos for sale suddenly becomes clear.
With such an increase in housing prices across the board, many homebuyers are wondering how they can afford these types of homes, or if there are other options for them who want to move into East Vancouver. In fact, those who cannot afford or commit to owning huge properties are opting to invest in an East Vancouver condo. Besides its evidently lower price, the perks of investing or living in a condo often outweigh the advantages of maintaining a detached home, making condos the preferred home of young professionals and young couples.
Finding the Right Condo to Buy / Selling Your Condo
Regardless of the value of any condominium, it is a well-known fact that only the most potent of marketing strategies will result in an eventual purchase or sale. Agencies which specialise in this industry, such as Real East Van, will therefore come in quite handy for those hoping to buy a new unit or sell their existing property.
The East Vancouver property market should continue to make headlines in the weeks and months ahead. As the desire to buy and sell condominiums is so strong at the present, there has never been a better time to become involved and take advantage such a lucrative opportunity.
B.C. Real Estate Had A Record $7.5-Billion February, Huffington Post Canada, 14 March 2016
Average Vancouver house price sets new record, News 1130, 02 February 2016