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.
People can have a variety of reasons or motivations to search listings of East Van houses for sale. Maybe you are starting a family or want a new home to fit the family’s needs. In any case, there are several tips you can follow so that your purchase will have the best chances of becoming beneficial for you.
Aside from being comfortable when you have a home of your own, there are other great things about home ownership. The Vancouver Sun reported in an article that two out of three families in Canada own a house. This is among the best rates on a global scale. The reason for this is that real estate in Canada is one great investment. In fact, around 80 per cent of millionaires got their first million in real estate.
Finding the right type of property is one of the biggest concerns for people who plan to move to a new location. If you are undecided and unfamiliar with the types of homes in Canada, it can be difficult to decide right off the bat. What you need to do is consider your needs and compare them to different types of quality East Vancouver houses for sale. House hunters who haven’t quite made up their minds yet will not be disappointed because there are many different types of housing to choose from that can suit any need.
Duplexes are very common in Canada and are ideal for a family or two since duplexes are buildings divided into multiple units. Each unit is aptly isolated from the others for more privacy. One advantage of buying a duplex is that you can rent out the other divisions to help you pay for your mortgage.
Moving near Vancouver community centres has its perks: meeting people in the area, sports and fitness amenities, art and recreation programs, and many more. That’s probably why you chose a property close to a community centre, which is a great idea if you’re new to Vancouver; however, living next to a community centre should not be your only concern when looking for a new home. There are other things you should consider when it comes to choosing a neighbourhood.
Proximity to Work and Schools
Families moving to any city should always consider how close their prospective house would be to either their workplace or school. Doing so will help you estimate transportation costs even if you plan to commute or to drive to your destination. For schools, choosing the right neighbourhood that will be safe for children is important. Finding schools that have a good reputation and a good track record should be a priority when looking for a place to settle in.
It is every Canadian’s dream to own a home. However, younger adults who have only recently started gaining financial independence may find the high costs of houses beyond their means. If you’re in this group, why not set your eye on more practical East Vancouver condos for sale instead of single family houses?
Condos are generally a lot less expensive than houses, but they come with great amenities that are just perfect for a single’s lifestyle. According to an article in Huff Post British Columbia, if you can set aside a little more than $500/month and save $6000 a year, in three years, you can afford to pay the 5% deposit for a $300,000 brand new, one bedroom condo. That’s a great way to start your life as a homeowner, particularly if you’re not planning to start a family yet.
With its clean environment, gardening weather, preserved forests, lakes, public golf courses and cultural diversity, Vancouver is definitely one of the best places to spend your golden years in. In fact, it was featured in Where to Retire Magazine’s best places for retirees. In East Vancouver alone, there are multiple communities to choose from which provide easy access to retirees’ daily necessities and recreation, and the much-coveted proximity to nature. If you are considering buying East Vancouver real estate to spend your retirement years in, here are some senior-friendly features you may want to look for:
Open spaces. Many seniors opt for smaller living spaces, but having an extra bedroom or two would be great for families and friends who visit. Additionally, it might pay to look for houses with wide hallways, open spaces and big doorways so you can easily move should you need to use a walker or a wheelchair in the future.
Mount Pleasant is fast becoming a top draw for people looking to take up residence in the Vancouver area. Besides having an easy access to downtown Vancouver through the Canada Line and Sky Train, this neighbourhood is rising to be a hotspot for small and medium enterprises, particularly unique bars and restaurants.
If you’re selling your home in Mount Pleasant, all these put you at a great advantage. However, Mount Pleasant’s rising stature should not make you too complacent that you opt to do without the help of a real estate agent. That’s actually a blunder that a lot of home sellers make.