Homebuyers are now looking beyond the value of the housing structure itself and looking into the quality of life as they consider which neighborhood they want to call their home.
Greater Vancouver has the highest prices in real estate when it comes to Canada. As such homebuyers are looking or more than the value that is within their house. A good neighborhood can be just the edge needed when sellers are looking to attract potential buyers. So what are the features that can cause a neighborhood to stand out more than any other for potential homeowners?
What HomeBuyers Want
According to a report from RE/MAX in 2019 Canadians rank easy access to dining, shopping and green spaces at the top of their criteria for what makes a neighborhood more livable. Other important factors are proximity to preferred schools, work, public transit, community centers, and cultural centers. The report shows that Canadians spend in excess of two-thirds of their time within their very own neighborhood. This rate is a lot higher for baby boomers who want to stay in their neighborhood and have direct access to all or most of their needs there.
Kerrisdale, West End, and Main are the top three neighborhoods as ranked by RE/MAX in Vancouver when it comes to access to parks, green spaces, retail and restaurants, ease of getting around, walkability and access to public transit.
When it comes down to affordability and a good available housing inventory the neighborhoods mentioned include Renfrew-Collingwood, Downtown-Vancouver and Mount Pleasant. As a matter of fact, if you are considering the Renfrew-Collingwood area, we’re here at SilverBeam Homes have houses for you.
It is important to note that these livability factors are often the ones that cannot be changed whereas price and value can change over time either up or down. The livability factors are what makes a home a great place to live.
Top 10 Vancouver Neighborhoods
A fourth-quarter analysis of Greater Vancouver in 2018 showed the top 10 neighborhoods of the time were:
- Vancouver West
- Lackner in Richmond
- West Cambie
- Steveston North
- Hastings East
- Fort Langley
Queensborough has been rated the best neighborhoods for condo and townhouses on a list with other neighborhoods such as Renfrew, South Cambie, Saunders, Pemberton, and Central.
What are your must-haves for a neighborhood before choosing to purchase a home there? Let us help you find the right home, in the right neighborhood. Contact us today and let us start working towards getting you the keys to your dream home.