Metro Vancouver & Fraser Valley A Better Choice Than GTA?
(June 25, 2015
)
It’s no secret to our real estate team and clients...and you just how expensive the Vancouver real estate market can be, but, it’s still better than Toronto’s according to online real estate brokers in Toronto. And it’s not only the aesthetics the company used to define better.Toronto brokers are pointing out Metro Vancouver’s curb appeal for us, which is living near an ocean, mountains, our mild climate and the ample green space are, for starters, nothing to sneer at.
The weather also means Metro Vancouver and the Fraser Valley real estate sales season never really winds down, allowing significantly more viewings and potential buyers, but when it comes to the almighty dollar, there are some perks too. Add the plethora of offshore investors to that matrix and our real estate team can tell you we have received enquires on Christmas Day or midnight. The historical spring and fall suburban does not exist in urban Vancouver by comparison.
“Despite the fact that prices tend to be more expensive on an average basis, they’re actually better if not on par with Toronto for first-time home buyers. So, getting your feet and actually becoming a homeowner — it might be slightly easier in Vancouver."
First time buyers in Vancouver spend an average of $420,000 compared with about $5,000 more in Toronto and there are also almost twice as many condo re-sales here as there are out east.
You'll also pay less tax if you close the deal here. Don't forget the current Ontario provincial government has been increasing the provincial debt and taxes like a drunken sailor. The crushing debt, exhorbitant home heating costs, property taxes and their own traffic and transportation issues add to the future issues facing home buyers and investors alike.
“Basically you pay two taxes in Toronto, it’s simple, versus in Vancouver you pay one. That’s direct savings and not an amortized saving, that’s money in your pocket from the get-go. On a $500,000 home in Toronto you would pay about $12,000 plus in taxes where you would pay about $8,000 plus in Vancouver.”
And if you’re on the selling side of things, you’re also more likely to get what you’re asking for in Vancouver.
Fard says the sky really is the limit when it comes to real estate prices here. A home that was listed at just under $6 million sold in 12 days for $2 million over the asking price in May.
Two weeks ago, a home listed at just under $3 million sold for more than $1 million over asking, in mere hours.
There you go Vancouver. If your still feeling out of sorts or that you cannot afford a "home" in pricey Metro Vancouver? We dare you to call us and give us the disinct pleasure of showing you just what you can afford in the Fraser Valley or any number of spectacular lower mainland and B.C. communities.
Call, text or email us anytime, 604-767-6736.
ShareCategories
Archives
- May 2022 (1)
- November 2021 (2)
- October 2021 (3)
- July 2021 (1)
- March 2021 (1)
- April 2020 (1)
- January 2020 (1)
- October 2019 (1)
- September 2019 (1)
- August 2019 (1)
- June 2019 (1)
- April 2019 (1)
- December 2018 (1)
- August 2018 (1)
- July 2018 (1)
- June 2018 (1)
- April 2018 (1)
- March 2018 (1)
- February 2018 (2)
- January 2018 (2)
- December 2017 (1)
- November 2017 (2)
- October 2017 (2)
- August 2017 (3)
- June 2017 (3)
- April 2017 (3)
- March 2017 (3)
- February 2017 (1)
- January 2017 (3)
- December 2016 (4)
- November 2016 (2)
- October 2016 (3)
- August 2016 (3)
- July 2016 (1)
- June 2016 (3)
- April 2016 (3)
- March 2016 (3)
- February 2016 (10)
- January 2016 (5)
- December 2015 (1)
- November 2015 (4)
- October 2015 (3)
- September 2015 (1)
- August 2015 (3)
- July 2015 (3)
- June 2015 (10)
- May 2015 (4)
- April 2015 (9)
- March 2015 (3)
- February 2015 (5)
- January 2015 (12)
- December 2014 (7)
- November 2014 (13)
- October 2014 (13)
- September 2014 (9)
- August 2014 (4)
- July 2014 (10)
- June 2014 (12)
- May 2014 (10)
- April 2014 (5)
- March 2014 (23)
Subscribe To This Blog
© 2004. An independently owned and operated broker member of Sutton West Coast Realty. Each office independently owned and operated.
Sutton and Sutton West Coast are service marks of Sutton West Coast Realty and are used herein under license. Mandeep Sendher is the licensed realtor at The BC Home Hunter Group and though he is not the owner of any BCHH domains, trademarks, branding or content he assumes 100% responsibility for any and all online and offline print material, artwork, reports etc. MANDEEP SENDHER is responsible for all problems and issues including this web site or other BCHH social media platforms or electronic communication.
All photos, artwork and materials are assumed to be in the public domain unless otherwise stated. Copyright claims will be honored upon specific identification of material and immediately dealt with upon request.
The content of this website is protected by copyright law. All rights reserved. Unauthorized use in any way, shape or form is prohibited. Information is deemed reliable but is not guaranteed. Maximum care has been put into the accuracy of the content, but specifications and details should be verified by the parties involved in transactions, and we are not liable for any losses whatsoever incurred as a result of information on this website.
You are not permitted to post on or transmit to or from this web site any unlawful, threatening, libellous, defamatory, obscene, inflammatory, pornographic or profane material, or other content that could give rise to civil or criminal liability under the law.
This web site does not grant you any rights to use our trademarks, service marks, logos, artwork or trade names. The content on this site is protected by copyrights, trademarks and service marks, other intellectual property laws, and other laws and regulations.
The design, layout, graphics, photography are copyrighted and the property of THE BC HOME HUNTER GROUP, and may not be reproduced and/or used for any purposes whatsoever, without written consent. THE BC HOME HUNTER GROUP does not claim to own the rights to any or all artwork, designs, photographs etc, found on this web site or any other or any social media unless otherwise stipulated.
BCHOMEHUNTER.COM
VANCOUVERHOMEHUNTER.COM
FRASERVALLEYHOMEHUNTER.COM
NORTHVANCOUVERHOMEHUNTER.COM
WHITEROCKHOMEHUNTER.COM
LANGLEYHOMEHUNTER.COM
CLOVERDALEHOMEHUNTER.COM
WESTVANCOUVERHOMEHUNTER.COM
PITTMEADOWSHOMEHUNTER.COM
BURNABYHOMEHUNTER.COM
COQUITLAMHOMEHUNTER.COM
DELTAHOMEHUNTER.COM
MAPLERIDGEHOMEHUNTER.COM
PORTMOODYHOMEHUNTER.COM
SURREYHOMEHUNTER.COM
SOUTHSURREYHOMEHUNTER.COM
FORTLANGLEYHOMEHUNTER.COM
MORGANHEIGHTSHOMEHUNTER.COM
604LIFE.COM