Investors are looking for reliable and proven assets to put in their resources. By investing their money and resources, individuals and corporations are securing their futures and that of the next generation.
While there are many investment options such as bonds, equities, and digital currencies, real estate stands out from the list. It is a stable asset that protects the owners from economic shocks, appreciates in value, and also provides consistent income over time.
To enjoy all these benefits that property investment offers, you need to invest in a neighborhood that is just ideal. From our experience, Vancouver has proven to be such a market with its diversity in culture, vibrant job market, and much more. Keep reading to find out the reasons why you should invest in Vancouver.
Active Housing Market
It is advised for an investor to put their resources in a vibrant real estate market. This is a market with the potential for growth and high demand by renters and new buyers. Vancouver is the perfect market, epitomizing these standards.
The Vancouver real estate market enjoys a significant demand for its housing, attributed to the limited housing stock and growing demographic. There is land for more development around the city which bodes well for new investors looking to penetrate into the market.
Quality of Life
The biggest lesson learned by most individuals and households was the quality of life. While living close to the city is important, renters are looking for that balance between urban and outdoor amenities. The good thing is Vancouver has that perfect blend that provides a quality and prime lifestyle.
In terms of outdoor amenities and activities, Vancouver offers beaches, parks, and numerous hiking trails. There can never be a dull day for local residents. They are spoiled for choice with a plethora of options to relax, unwind, and while the weekend away.
While an investor is looking to sink their money in real estate, you must also look into the people and the culture. After all, the people are the consumers of the real estate ‘product’.
Vancouver is known for its vibrant and diverse culture. This is also evidenced by the thriving art scene and the various culinary and food establishments in Vancouver.
To cap it off, there are dozens of festivals that are celebrated in a calendar year. This diverse cultural experience makes it easy for new residents to make themselves part of the Vancouver community and grow roots.
As you do your research on property investment, you have probably heard ‘location’ being reiterated as a key element. This is because of the property industry’s immovable characteristics. A property derives its value from the surrounding amenities, features, and infrastructure.
Its location allows for the both of both worlds, Canada and the USA. Should you want to fast travel anywhere in either country, you can choose from a variety of available transportation options. There is also an international airport nearby.
Another value driver for Vancouver is the port. It is the largest in the country and also one of the busiest on the North American coast. The value of the merchandise that passes through the port in a year is in the tens of billions. The economic spillover is enjoyed by several industries including real estate.
If you have some experience in real estate investment and property leasing, you will agree with us on the importance of a financially able tenant. You want a tenant who will be able to meet the financial obligations of the rental unit.
With its diversified and vibrant economy, Vancouver promises you exactly that. The economy has been performing steadily over the years with tourism, tech, and manufacturing being the standout industries. There are several multinational corporations with either their regional or national headquarters in the area.
The strong economy has driven unemployment numbers down to single digits. If you are considering investing in Vancouver, you can be assured that your renters will have no issue paying rent.
Education is a strong pillar in any well-performing region and Vancouver is no exception. While the middle and high school public institutions are known for their comprehensive programs and solutions, it is the universities that garner much attention.
Some of the prestigious schools in the area include Simon Fraser University, University of British Columbia, and Emily Carr University of Art and Design. Together, these universities attract thousands of students in each academic year.
Should you want to diversify your real estate portfolio, you can choose to invest in student accommodation.
Low Crime Rate
Vancouver has very low crime rates and is rated as one of the safest regions in the country. Residents can move around with confidence knowing that their family and assets are safely tucked away at home.
A city can have it all. But when the people don’t feel secure and safe within its walls, you can be assured of low tenant demand in the long run.
With its vibrant real estate market, growing population, excellent quality of life, and strong economy, it’s no wonder investors have their eye on Vancouver. It is the dream of real estate investors promising consistent rental income, good returns, and appreciation in property value.
Investing in real estate has never been a straightforward agenda. This is due to the technical experience and expertise required to make the right decisions. Often, new and experienced investors need the help of an experienced property partner.
Should you have any questions about buying in Vancouver, the experts to rely on are located at Orca Realty. We are the leading property service provider with years of local knowledge under our belt. You can rely on us for accurate and reliable information for your Vancouver investment.
Get in touch with Orca Realty today.