Try this little thought experiment. Imagine right next door to the country where you lived, there was this great, beautiful city, full of wonderful year-round recreational activities, a forgiving winter climate, and spectacular vistas of sea and mountains. Imagine, further, this city had a stable national government, with a reliable tradition of rule of law and property rights. And on top of all that, it had a stable and thriving local real estate market.
Oh, and, small detail: their dollar was about 2/3 the value of yours. This was a recipe for making you kind of rich when you were there.
Sounds to me like all that has the makings of a tremendous real estate investment opportunity. And that’s precisely what many of our cousins to the south have concluded as well. An influx of American buyers, who are suddenly seeing beautiful Vancouver through new eyes, are ensuring that the dynamic Vancouver real estate market will continue in its present sturdy good health.
And these new investors into the Vancouver real estate market are not only coming from the U.S. Many Europeans too, notably Germans, are finding great deals here. A panel of the Urban Development Institute recently told an audience that, due to these high volumes of foreign investment in the market, the old homilies about local supply and demand, tracking overall local economic activity, aren’t going to hold. As one panelist put it, the Vancouver real estate market has gone down a rabbit hole.
So, if you were expecting the recent hard times of the Canadian dollar to result in a decline in real estate value in the Vancouver area, think again. If you bought just before the dollar’s downturn, don’t worry about sudden lost of value. And if you’re a potential buyer, don’t be fooled into thinking you just need to wait a bit longer and you’ll start seeing those prices fall.
New rules are at work, so if you want to succeed in the real estate investment market here in Vancouver, you have to keep up with the times and know what’s really going on. For that you need to connect with experienced professionals, with demonstrated success in this distinctive Vancouver real estate market. We fit the bill and can help you make the smart choices. Please contact us at Sales@MyHomeSearch.com.
You all probably know her; daytime talk show host, comedian, actress and one the TV’s top personalities “Ellen DeGeneres”. With an estimated net worth of $300+ million dollars it’s not surprising that she recently purchased an $18 million dollar house located in Trousdale Estates, Beverley Hills, California. Hey? The pricing seems pretty identical to the Vancouver Real Estate market don’t you think?
This single story “rancher” has 8,500 square feet of living space with four bedrooms, six bathrooms and was designed by Hall Levitt – a well sought after American architect. This beautiful home has it all: a monolithic entry colonnade, a soaring marble atrium, 15 foot floor-to-ceiling glass walls, a glorious outdoor living space and a custom made outdoor pool.
Lets just have the pictures speak for themselves (Please Note that the images are not the greatest):
Are you looking to purchase a home similar to Ellen DeGeneres’s? Although we may or may not be able to find you a home that is identical to it in the Greater Vancouver or the Fraser Valley Region, but we will try our best to find you a beautiful custom home that best suits your needs; so please don’t hesitate to contact our professional real estate team at Info@MyHomeSearch.com
