Vancouver
Vancouver is a clamorous west coast seaport present in British Columbia. It is ethnically the most diverse city in Canada. It is named as one of the top 5 worldwide cities for the quality of life and livability. It is acknowledged as the 1st city that is ranked among the top 10 of the most well-living cities by the Economist Intelligence Unit.
In 2011, Vancouver was planned to turn into the greenest city in Canada by 2022. The urban planning design philosophy of the city is vancouresim. The other important thing is the affordability of houses in the city. Because of all these amazing things people prefer to settle in Vancouver.
Market Condition of Vancouver
The housing market condition of Vancouver can be analyzed from the following facts. Vancouver has a number of different home styles. Obviously, their price will depend on the number of beds and baths, covering area, and location of the house. The prices have a direct effect on the real estate market of the city.
The single-detached homes in the housing market of the city viewed that the largest average residential price boosted up year over year, to about 16.39 percent, which is followed by condominiums at + 5.1 percent and townhouses at + 13.9 percent.
The housing market of Vancouver is likely to see another average price rise between + 2 percent and + 5 percent for the remaining months of 2021. The average sale price of the city is just $1.4M.
Is the housing market of Vancouver affordable?
According to recent real estate statistics, the average asking price of housing property is $1386K. The city has offered almost 1099 new listings during the last 28 days. Only 21 days are required by the city to sell a property. About 800 housing properties have been sold out during the last 28 days. These statistics represent the affordability as well as the availability of houses in Vancouver.
In 2020, the price of housing property had increased up to 11.3 percent as a result of low mortgage rates and robust housing demand. Moreover, they forecast and calculate house price growth of almost 16.9 percent in 2021. However, it is expected that this growth will slow down to 7 percent in the coming year.
Houses range from $100k to $300k for sale in Vancouver
Vancouver offers you a number of different architectural styles within an affordable range. These architectural styles increase the aesthetic beauty of all of the Canadian cities. The most common housing styles are single-family attached and detached houses, townhomes, and condominiums.
There are a number of examples of such houses which are available at the most reasonable prices. I will give you some examples here. One bath and the one-bedroom apartment is available for sale at 201-1260 10th Avenue W, Vancouver, BC. the price of this apartment is only $299K. The total covering an area of this housing apartment is 713 sq.ft. this is available with all the basic facilities. So, you see, buying a house in Vancouver is very easy nowadays.
