SilverBeam Homes Blog

Vancouver Housing – All You Need to Know

by Bevony on 23 March 2022 Comments Off on Vancouver Housing – All You Need to Know
Photo by Kindel Media from Pexels

Vancouver ranks highly as one of the most livable cities in the world quite often. It has been ranked as the best North American city to live in. With a very scenic location with views of the oceans on one side, while being tucked against the North Shore mountains, it is ideal for those who want milder weather, so they can explore all year round. 

Vancouver House Prices

With a high demand for houses, it is currently a seller’s market. What this means for buyers is waiting longer to close on a home, being bid out of homes, and pushing the dream of owning a home in Vancouver further away.  If we compare home sales prices of 2017 and 2021, we see an increase over each month, and this trend continues to be the norm.

Unless a healthy supply of houses are entered into the market, we can expect these conditions to remain fueled by a high demand. If you must relocate to Vancouver, you can expect to find diverse and vibrant neighborhoods. You will have a lot of nature to enjoy and have almost every cuisine at your fingertips. Jobs are plenty, and you can only expect the best healthcare and education here, so it is a good choice. 

If you choose to make Vancouver your home, you also don’t have to worry about not owning a car, because there are lots of transit options. These include the bus, the sky train and the sea bus. There are also a lot of walkable downtown sites, and others are typically just 30 minutes away by bus or sea bus. This network of public transportation can help to ease some of the expenses that come along with owning a car. 

Best Places to Live in Vancouver 

Vancouver’s most livable communities include: 

  • Fairview 
  • Grandview-Woodland
  • Kitsilano 
  • Mount Pleasant 
  • Riley Park 
  • Shaughnessy 
  • South Cambie 

Where Not to Live in Vancouver

Like almost everything on this earth, Vancouver has its downsides. Stay away from areas east of Main Street. Avoid the Downtown Eastside and East Hastings, and these places are known for homelessness, prostitution, crime and poverty. 

Outside of that, Vancouver is a fairly safe place to both live and visit, and buying a house here is worth it if you are planning on living here for the long term. Vancouver has always been a desirable place to live and will always continue to be. 

BevonyVancouver Housing – All You Need to Know