The Cost of Vancouver Real Estate
To put it bluntly Vancouver real estate is very expensive.
Vancouver is running out of property to develop
for expansion.
Vancouver has a unique situation as her location combined with her climate leave little
room...
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The Cost of Vancouver Real Estate
To put it bluntly Vancouver real estate is very expensive.
Vancouver is running out of property to develop
for expansion.
Vancouver has a unique situation as her location combined with her climate leave little
room for new development.
Vancouver’s geographical location has three major factors contributing to the high real estate prices .
The
American border prevents expansion south.
West is the Strait of Juan de Fuca and to the north the coast
mountains.
Unless Vancouver starts to build on the water, there is nowhere to build but vertical.
The
average home is close to one million dollars.
There are plenty of stories from real estate agents Vancouver of homes purchased and torn down to build
a newer, more Luxurious home on the same property.
In some areas multiple homes have been sold at
higher prices than asked driving the overall prices up.
Foreign buyers from Asia have fueled most of the frenzied buying for Vancouver re
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