Vancouver House Market Popular in Asia

Vancouver House Market Popular in Asia

Vancouver is one of the top three places chosen by Asian shoppers to purchase a second home, the other two being London, UK, and the Australian coasts. Colliers International, a global real estate brokerage firm, reports that their property department alone turned over more than 1.3 billion Yuan in property investments by Chinese investors in the first half of 2011, which amounts to nearly $200 million CAD.

The increased demand automatically causes the prices of houses, condos, and even lofts in Vancouver and Greater Vancouver to appreciate, which is great for those of us who already own property in the region. However, unless we understand what prompts Chinese investors to spend their money on and invest in Vancouver forhouses, we will not be able to make our own informed purchase decisions. Will this financial influx last? Might investors decide to sell in mass in the future? In other words, does it make sense for locals to invest in Vancouver properties as well?

The Vancouver house market has a distinct advantage over the rest of Canada. It’s captured in the much-repeated phrase “location, location, location.” The proximity of the east coast to Asia makes it a prime location for property investors from that continent.

Vancouver House Market Popular in Asia

There are several factors that incentivize Asian investors to shop for houses abroad. The most important factor is that Chinese regional government’s place a cap on the number of houses that a single family may own in the largest cities. This artificially frees money designated for property investment and diverts it to other regions or other countries. And, if one must buy abroad, why not buy on the coast of the closest country?

What’s more, foreign nationals make up a relatively large proportion of all luxury real estate buyers and invest in Vancouver, as well as London. Well over half of all high-profile transactions in the most prominent areas of these cities involve overseas investors.

Even if this incentive ceases to exist at some point, we do not expect massive withdrawal of Chinese investors from foreign markets. This is because foreign investment is a great way to diversify one’s asset portfolio and shape one’s tax burden in one’s favor. Offshore investments are often exempt from (or shielded from) inheritance taxes, which allows investors to pass along their considerable wealth onto their descendants without losing a large chunk of it each time. Some of the investment strategies will protect all the investors’ wealth to any form of capital gains from taxes as well, to allow them on turning over their wealth above efficiently and build it up faster in the process.

The result of this heightened demand was a 12 percent increase in average home prices in 2010 and another increase in 2011 and 2012, which is good news for our regional economy, isn’t it?

Vancouver will likely continue to see growth over the next few months and a balance out of market trends. So, keep your eye out if you are interested in property there and don’t forget to get Vancouver Real estate Agent.

Those top local real estate agents would find you the right home to buy in this wonderful buyer-driven housing market in Vancouver. Please visit Vancouver West Luxury Real Estate sites for more details.

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Investments in Vancouver Real Estate to Benefit from Strong Housing Demand in the Near Future

Investments in Vancouver Real Estate to Benefit from Strong Housing Demand in the Near Future

Various indicators paint a rosy picture of the property market activity in Vancouver. Housing sales in the January–August period are about 14 percent higher than in the same period last year. Yet, this compares to an expected decline in housing sales of nearly 15 percent in the country as a whole. In fact, the home sales rebound in Canada, forecast for next year, will be driven primarily by a robust recovery in sales in British Columbia and Alberta, with the Vancouver area leading the way. Increased housing demand, especially given limited inventory levels, will put an upward pressure on prices, making investments in Vancouver highly desirable.

Residential real estate in Vancouver has shown remarkable resilience in the current downturn. While the market has recorded a 5 percent decline in home values compared to the peak reached in 2008, home prices in Vancouver have risen, on average, 17 percent each year since 1980.

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Investments in Vancouver Real Estate to Benefit from Strong Housing Demand in the Near Future

In fact, inventory levels in Vancouver have already fallen as many buyers have taken the advantage of low mortgage rates and well-priced properties in desirable locations. New listings are down approximately 23 percent from last year. According to RE/MAX Canada, residential real estate market in Vancouver is currently considered balanced, with purchasers and vendors on the same page for the first time in years. This has exerted pressures on prices, which bodes well for those expecting to earn capital returns on their investment properties.

On the other hand, Canadian real estate market—and especially that of Vancouver real estate—should prove attractive to international real estate investors for several reasons. Canada’s economic growth next year will be at least double that expected in the United States and more than quadruple that of Europe. Moreover, the Canadian banking sector, which is ranked by the World Economic Forum as the soundest banking system in the world, has created a sound financial environment in Canada that ensures the security of real estate investments in an otherwise highly volatile global investment environment. Besides, the advent from 2010 Olympics as well as the opportunity on showcasing Vancouver globally could somehow bode well on all residential form of real estate for and in the next coming years. Therefore, investing in Vancouver’s real estate could be a sound investment strategy for international investors.

In fact, the unemployment rate in British Columbia has increased by 3.5 percentage points in a year to 7.7 percent in the second quarter of 2009, wages in the region have actually increased by 2.2 percent. At the same time, consumer confidence has rebounded and most Canadians now believe that the market is expected to turn around, making this the right time to buy. Considering the impending economic recovery, British Columbia, including Vancouver, should see employment and wages rebound. As the region is expected to lead the rebound in the housing activity in Canada next year, Vancouver real estate investments should benefit from the current and emerging economic trends.

There are quite a few luxury homes for sale in Vancouver west side and downtown area. To invest in Vancouver point grey real estate is ensured to be one of your favorable options!


Experts: Buying Homes in Vancouver Better Than Toronto

Experts: Buying Homes in Vancouver Better Than Toronto

Buying homes can be stressful, especially if you try do it yourself. There are things that you will not be sure of and things that you don’t know for sure. So, in this case, looking for an expert in this field can be very helpful for you. Look for the best real estate that will best suit your budget and still offer expert advice.

Experts in the real estate industry have said it is much better to invest in property in Vancouver than it is in key big cities like Toronto. This advice comes despite Vancouver MLS Listings for are being substantially higher than the majority of Canadian big cities. Click here to read more information.

Despite the property prices being chiefly more expensive on average, they are actually better if not on a par with Toronto for the first-time home buying market. It means that first-time buyers might actually find it’s easier to invest in Vancouver than in Toronto.

Experts: Buying Homes in Vancouver Better Than Toronto

Toronto first-time buyers average an investment of $425,000, where first-time buyers in Vancouver actually invest $420,000 and there is double the amount of condo resales in Vancouver as there are is in the east.

It has never been a secret that Vancouver property prices are high, but, apparently, it is still better than investing in Toronto properties, thanks, in part, to a number of reasons. Real estate firms will be quick to make a link with high property prices, ample green spaces, and living near to the ocean. The weather also plays a key role in bringing in potential viewers, investors, and buyers into the Vancouver property market.

There is also another tax feature which makes Vancouver more of a promising city to invest in a home in: Toronto charges two types of tax versus just the one in Vancouver—and it means you get to save money from the outset.

Selling property in Vancouver is very much easier than it is in Toronto—so invest in Vancouver. Just recently, one lucrative estate property listed at a selling price of $3 million sold for over $4 million. And, another home listed at $5.8 million was off the market in as little as 12 days when the winning bidder stumped up $8 million.

Let’s say you are a first-time buyer and wanted to buy a lucrative $250,000 property in Toronto, you would expect to pay around $6,000 (or more) in taxation fees, whereas Vancouver buyers, purchasing a similar property at the same price can expect to pay only around $4,000 in tax. And it’s even good for sellers too.

In many cases, the outstanding views, ample green spaces, vast waterways, and ocean location make homes in Vancouver easier to sell. This means that the investment prospects are far more desirable out in the west. So, it’s not just that Vancouver homes look easier on the eye—it’s the views that do too.

Purchase or sell home properties in Vancouver area the first time? No problem! Vancouver Real estate agent will glad to help you out. You look for them on their websites. For sure you can search for more excellent agent who can help you with your problem.

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