Vancouver Real Estate

Real Estate Market

In the west side of Vancouver, the neighbourhoods are developed and mature. There are apartments and houses in this section of the city and many students of the University of British Columbia reside here because of the short distance to the school. Additionally, there are many heritage houses in the area of Arbutus Ridge.

In South Vancouver, there is more space for houses to have backyards. This is due to the communities being very family-oriented. Heritage houses can be found here and there is an abundance of houses with rental units within this area as well.

Central Vancouver is filled with apartments due to the set-up of the area. There are both high-rise and low-rise apartments here. This presents many options in regards to affordability and preference. There are also condominiums, lofts and townhouses within Central Vancouver.

East Vancouver has something for everyone. There is a mixture of older and newer houses that can be found here. There are also a good amount of walk-up apartments and houses with rental units. The younger demographic is attracted to this area not just for the affordability, but also the community culture.

Vancouver provides a variety of housing options for the homebuyer in regards to preferences, ideal locations and much more. From apartments to houses that are situated in vibrant communities, Vancouver has a fit for everyone.

• Average Home Price: $669,000
• Average Rent Price: $1,578.01
• Average Condo Price: $605,450
• Average Detached Home Price: $1,578,300

The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major British Columbia and Canadian centres.

Education

As one of the most educated cities in Vancouver, it is no stranger to offering education at the highest level. There is a wide range of universities and colleges that each offers their own specialities. For example, the University of Vancouver places a heavy focus on innovative scientific research. Algonquin College, on the other hand, excels in the fields of contemporary arts and trade work.

When it comes to elementary schools in the K-8 range, Vancouver has an impressive 220 public schools and 75 private schools that provide children with a very high level of education. Amongst the highest-ranked in reading, writing and math include Edouard-Bond, Elmdale, Mutchmor, and Hopewell Avenue. Many of these schools are home to international academic competitions and initiatives that provide students with opportunities to advance their knowledge and skills beyond what is taught in the classroom.