The Fraser Valley edging Vancouver out of affordability in the housing market
Blog by Bettina Reid Personal Real Estate Corporation | January 22nd, 2012
I came across an article in the Province today that's not very positive for Vancouver residents but I think helps to promote the real estate market for the lower mainland. Vancouver has become less and less affordable for 1st time buyers and young families, as the article put it there's only a few homes to choose from under $300,000. Whereas our communities here in the Fraser valley offer a wide variety of homes to choose from in and around the $300,000 price range from condos to townhouses and occasionally detached homes depending on where in the Valley you are looking. We have come across many buyers in the last couple years that have been looking to get out of Vancouver in order to buy an affordable home. The further into the Valley you go the more home and property you can get for your dollar.