Anyone who’s spent any real time in Vancouver can see the benefits of living here almost instantly. Situated in one of the most spectacular locations in the world, it’s surrounded by mountains, sea and countryside that’s simply breathtaking.
With international links and close proximity to big industry, it’s easy to see why house prices in the city have rocketed, year in, year out. It’s a topic that has everyone fired up on both sides of the argument and while people in the city can get frustrated at the ever increasing prices of property, it has to be argued that for investors it remains a good time to buy.
Is It A Buyers Market?
This is an important question and also a tricky one. There have been a lot of complaints that for first-time homeowners, Vancouver is becoming a city in which it is increasingly difficult to get on the property ladder, especially with the costs attached to property ownership.
For prospectors and property developers though, the market just keeps getting healthier. Those looking to buy apartment buildings for sale in Vancouver can expect to dish out a healthy wedge in terms of capital, but they are also looking at a great return on their investment.
The Renting Scene In Vancouver
Those who would prefer to invest in a property to generate a more passive form of income could look into the prospect of instead getting an apartment building for sale in Vancouver. If you have the capital or financial backing to invest in even a modest property, you can probably expect to see full tenancy almost as soon the apartments are ready. To further help set and manage your expectations, though, it’s still advisable that you seek professional help from brokers like those from Vancouver Business Brokers.
With business and tourism also increasing year on year in Vancouver, the likelihood that there will be any sort of slowdown in the popularity of the city is minimal. Obviously, any large scale investment is going to come with a certain risk, but the majority of people looking to buy rental properties in the area can be confident of the fact that their investment will be rewarded as time goes on.
Canadian Real Estate Could Still Get Way More Expensive, Data Shows. Huffington Post Canada
Daphne Bramham: Frenzied Buying of Vancouver’s Few Apartment Buildings Prices Renters Out of the Market. Vancouver Sun.