Posts

Showing posts from March, 2022

Richmond Real Estate Market

-
Image
Richmond is an island city. It is made up of a number islands in the Fraser River delta. It is just one meter above sea level. It was prone to flooding, especially during high tide. Therefore, major islands are now surrounded by a system of dykes, which serve to protect the town. Also, since it occupies land in a river delta, the city has plenty of rich soil for agriculture. Richmond is a culturally unique community. As of 2021, the city has an estimated population of 209,937 people with 60 percent being immigrants, the highest proportion of immigrants in Canada. Majority of immigrants are Chinese. Richmond has been experiencing growth and change, transforming from a rural, local community to an international city with a balance of urban, suburban family and rural areas. The city is 20 minutes from downtown Vancouver and 25 minutes from US border. It’s the location of Vancouver’s international airport.  The SkyTrain, Canada Line, speeds up transit system and connects Richmond to other
1 comment
Read more

Richmond Real Estate Market

-
Image
Richmond is an island city. It is made up of a number islands in the Fraser River delta. It is just one meter above sea level. It was prone to flooding, especially during high tide. Therefore, major islands are now surrounded by a system of dykes, which serve to protect the town. Also, since it occupies land in a river delta, the city has plenty of rich soil for agriculture. Richmond is a culturally unique community. As of 2021, the city has an estimated population of 209,937 people with 60 percent being immigrants, the highest proportion of immigrants in Canada. Majority of immigrants are Chinese. Richmond has been experiencing growth and change, transforming from a rural, local community to an international city with a balance of urban, suburban family and rural areas. The city is 20 minutes from downtown Vancouver and 25 minutes from US border. It’s the location of Vancouver’s international airport.  The SkyTrain, Canada Line, speeds up transit system and connects Richmond to other
1 comment
Read more

Living in Gastown

-
Image
Gastown has been designated a national historic site. It is in the downtown Vancouver east side,  adjacent to downtown Vancouver . You’ll see the old town of Vancouver with heritage brick buildings and historic character, Gastown is mix of contemporary fashion boutiques, tourist businesses, good gift shop for souvenirs, fine restaurants, bars, cafés, newly upscale housing and etc. The world-famous steam clock is in Gastown.  Also, waterfront station is steps away to Gastown. It’s Vancouver’s main transportation terminal from where you can catch the SkyTrain to almost anywhere or take SeaBus across Burrard Inlet to North Vancouver.  With everything Gastown provides, living in Gastown would be a great advantage. Now there is a very nice one bedroom and den apartment going on the market. It’s located at 55 Alexander Street, the most desirable street in Historic Gastown. The suite is in a winning heritage style building with great view of the harbour, mountains and downtown. Excellent int
3 comments
Read more

Apartment Market in Greater Vancouver

-
Image
    Economists give their opinions regarding real estate market in 2022. Most of them forecast the market would remain strong. However, CIBC believes overall residential sales will decline this year, though condo prices could rise We discussed detached property and townhouse market in Greater Vancouver earlier. Now let’s look at apartment market. The table below lists benchmark price in January and percentage change in each area of Greater Vancouver at price decline order. Comparing benchmark price in 2021, benchmark prices in every area have significant increase.  The highest benchmark price is at West Vancouver $1,151,200, and lowest one is at North Delta $480,000. However, West Vancouver has the lowest percentage change in 1, 5 and 10 years. The numbers are marked in blue color. Surrey gets the highest percentage change at same time frame. The numbers are shown in yellow color.  For more information, please contact me at awang@macrealty.com
Post a Comment
Read more

Townhouse Market in Greater Vancouver

-
Image
  Townhouses  What is a townhouse? A townhouse is a style of   multi-floor homes that share one or two walls with   adjacent neighbours. But they have their own   entrances. We often see townhouses lining the   streets in dense suburban and urban areas.   Comparing townhouses and detached houses,   townhouses have less space, less privacy, more   noise and maintenance fee. However, townhouses have some advantages over apartments, such as   they have their own entrances, yard spaces and   less expensive maintenance fee. Townhouses can   be a good alternative choice when people can’t   afford to buy a detached house and would like to   have more privacy than apartments. Let’s take a   look how the townhouse market is doing in Greater Vancouver. The table below shows the benchmark price in Jan.2022 and price change rates in past 10 years in each area of Greater Vancouver .  The listing is in price decreasing order. The data is from The Real Estate Board of Greater Vancouver and Fraser Va
Post a Comment
Read more