These Vancouver Neighborhoods Are BOOMING in Value [Here’s Why]

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  • Опубликовано: 1 дек 2024

Комментарии • 72

  • @LivingInVancouver-BC
    @LivingInVancouver-BC  2 месяца назад +3

    Which of these neighborhoods would YOU want to move to?
    Call/Text Direct - 604-831-4837
    email: sebastian@albrechtgroup.ca
    Book a call: www.calendly.com/albrechtgroup

    • @donatellovangogh2146
      @donatellovangogh2146 2 месяца назад

      Sebastian, being that Yaletown appears to be rising in value, does the same apply for the West End of downtown Vancouver? It seems to me like the same factors which caused Yaletown to increase would apply equally to the condos in the West End.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад

      @@donatellovangogh2146 They're actually pretty different markets, to be honest...so they don't quite sink up precisely. Yaletown prices are much closer to their peak value than the West End is currently...and prices have been falling in recent months in the West End. But, I do suspect that will turn around relatively soon. It'll probably be relatively weak in the West End for now, but early next year as investors and first-time buyers come back to the market (motivated by falling interest rates) I would expect that to change.

  • @ellend9739
    @ellend9739 Месяц назад +1

    If you live between Caulfeild and above Eagle Harbour you have very often the sunshine and beautiful views and we have the Arbutus tree and it’s a subtropical climate! We are on a cliff and it’s breathtaking for 32 years we have been in this rancher that was totally renovated ! We started out on Bayridge Ave in the Bayridge area , only one Exit back from where we are now , almost 37 years ago and we lived there for 5 years ! It is the most beautiful neighborhood you can imagine on the top of Eagle Harbour ! And , you are right the roads are like spaghetti noodles here and the lots are big ! Watching the ferry come and go is magical ! I remember trying to find a lot here and in got me at the time only rather carsick ! No longer the case as we know our way in and out ! It’s all been worthwhile that’s for sure ! Thank you for showing the difference from one end of West Vancouver and the other end ! Not to compare ! It takes me on the highway 7 min to Tailor Way and on to the bridge !

  • @kylefordinvest
    @kylefordinvest Месяц назад +1

    Appreciate the deep dive into what’s driving the value growth in these areas.

  • @hammertimee777
    @hammertimee777 2 месяца назад +2

    In the 90s, my family owned several new houses in Vancouver west and Coquitlam. They decided to consolidate their real estate holdings. Back then, a new single house in Vancouver west on a privately owned land was only around $200-300k more than a newer house in Westwood plateau. During that time, we thought Coquitlam would have the better potential for value increase because the infrastructure was newer, better and the area was a lot cleaner and quieter. They sold the Vancouver homes and we lived in Coquitlam. Needless to say, my Coquitlam house saw 3x return. But the Vancouver west saw almost 5x increase in value!!! Quality of life is no doubt better in Coquitlam, but Vancouver west saw the biggest increase!!!

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +2

      @hammertimee777 Oh man. That would be a tough realization...but it would have been a really hard call to make. I can see the reasoning...but very consistently Vancouver has out-performed.
      I'm not sure I'd agree that the quality of life in Coquitlam would be higher than the Westside, but the right fit would depend on your lifestyle and priorities....and some might prefer Coquitlam, but not everyone.

    • @cao6496
      @cao6496 Месяц назад

      East Van half price of van west in 80 90's. But jump higher than van west becuz of so called high tech pigh pay guys?!? More overpay as van East not as .... 😮

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад

      @cao6496 I'm not sure that I follow you?

  • @PacRic-gs4of
    @PacRic-gs4of 2 месяца назад +2

    The only issue with being on the water around Port Moody is the Trans mountain pipeline. The air pollution on the water has gone up a lot. Those tankers have to keep their generators running 24/7 in the burn really dirty fuel. So you often see quite a few big ships anchored there waiting to be loaded or unloaded.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @PacRic-gs4of Interesting. I hadn't thought of that impact, and that increased activity as a result of the pipeline makes sense!

  • @OrdinaryFilmmaker
    @OrdinaryFilmmaker 2 месяца назад +3

    You really surprised me with New Westminster and Queens park. I thought these were mostly condos. A medium price of 1.5M is definitely doable, and I love the larger lots and house sizes, but how close are they to the shops and transit/skytrain? Are they within walking distance? Do we need a car living in this area? And is it far to access Chinese grocery stores? One other thing that is important is seeing the ocean or being no more than an 11 minute walk from it.
    I had heard that home prices had started going sideways and down in some markets in the GTA and vancouver. It's nice to be able to save at a rate higher than the market is growing.
    Thanks for the overview. This gave me a break from editing my own videos. Looking forward to next week's video.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +2

      @OrdinaryFilmmaker It's all very walkable. New Westminster is tiny geographically. Shops, restaurants and transit are at most a 10-15 minute walk. Skytrain is a bit further. The Columbia Skytrain Station would be the closest and is probably 20-25 minutes away. I would say you don't HAVE to have a car but most would probably like one. You won't be close to the ocean here, but you would be on the Fraser River...I did a video all about the Pros and Cons of Living in New Westminster that you might want to check out if you haven't seen it before. It's not specific to Queen's Park, but it'll give you more info about living in the area.
      In general we are seeing prices pretty robust in Vancouver and the closer suburbs. Mostly modest increases and otherwise sideways. The weaker markets have been the outer areas...more distant suburbs and the ex-urbs where people fled through covid.
      ...and my pleasure! Happy to provide some distraction! And I've been enjoying watching your videos and taking in your advice on how to improve my videos. Looking forward to putting the new camera and gimbal to work soon.

    • @OrdinaryFilmmaker
      @OrdinaryFilmmaker 2 месяца назад

      @@LivingInVancouver-BC Every week I watch each new video to learn and as a test to see if I am getting bored of vancouver. Yesterday, I took the train to Toronto. I wanted to exchange camera gear, but also reevaluate my thoughts of the city. Toronto's spartan, business like feel is a stark compare to Vancouver's feel. People are also colder, more distant. Instead of getting bored of vancouver, the urge to move grow even stronger. West Point Grey and Kits will always remain my preferred locations, but I can see how Queens Park and New Westminster could fit the bill. It's true what you say: there is a price for everyone. We can't afford land in West Point Grey, but could in Queens Park.
      We can see the excitement in your videos, both for vancouver and in your profession. You tube started as a hobby for me out of a love for cameras, but has rapidly become an enabler for retirement. Any advise I offer has been passed down to me. You're going to love the new kit and the better low light performance will come in handy inside. One last tip, when shooting in cloudy areas, don't be afraid to raise the mid tones to brighten things up a bit.
      Time for me to get back to my tutorial for tomorrow - wont's my best work as I am new to this kind of format ;)

  • @GG-os4is
    @GG-os4is 2 месяца назад +8

    "one of the issues I find people have with New West is the traffic". That and that it looks like a dump! I don't understand why realtors always push New West. It's such a a dump. Why would anyone pick New West over burquitlam/lougheed that's super close? Burquitlam/lougheed looks nicer, it's growing rapidly (so it will be more desirable) and it's still affordable. It's also more central and has less traffic. New West is a dump. They also have a lot of homeless and drug addicts.

    • @jameskenneth
      @jameskenneth 2 месяца назад +1

      Ditto for Chinatown, Strathcona, Commercial Drive etc.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @GG-os4is I am aware of the pros and cons. In fact, I have a video a while back all about the pros and cons of living in New West. In fact, no area is perfect for everyone and we all need to live somewhere based on our own personal preferences and circumstances.
      ...and if you've actually been watching my videos you'd know that I'm not really "pushing" anything. Just giving information to people looking for it.
      That being said, did you watch the video? Have you spent time in Queen's Park? Of all the areas I covered the most beautiful footage I took that day was in the Queen's Park neighborhood. You might want to take another look (although I agree with you that other areas have a lot going for them too...and that's why I make videos to talk about them as well).

    • @jane55926
      @jane55926 Месяц назад

      Actually homeless and drug addicts everywhere, even in Metrotown area. Thanks Trudeau for that 😠

  • @Sc00terNut
    @Sc00terNut 2 месяца назад +1

    My favorite part of Vancouver is Denman Street, especially in summer. I feel as if I'm on vacation every time I'm in that area.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @Sc00terNut I completely agree! I feel like I'm on vacation when I'm West of Denman, too.

    • @Sc00terNut
      @Sc00terNut 2 месяца назад

      @@LivingInVancouver-BC I remember when I was a few years younger and my friends and I would go there in summer. We'd buy slurpies at 7-11 and then spike them with rum and take them to the beach at English Bay. Eating at the Cacus Club was also routine for us.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      Before the Cactus Club arrived it was the Milestones across the street. ;)

  • @PacRic-gs4of
    @PacRic-gs4of 2 месяца назад +2

    Awesome video!
    I love living in Willingdon Heights. 20 minutes to get out on the water with my Outrigger canoe. 35 minutes to get up to Mount Seymour in my season's pass is $199 and I get free tickets and discounts at other places. Also very easy to get onto the highway it's pretty Central when it comes to the lower mainland. Lots of music festivals in the Parks. A nice mix of restaurants. Lots of nice places to go walking and hiking. I like to go around Deer Lake and Trout Lake a few times a week. If anyone wants to join me send me a message. 5 minutes to get onto the highway. If you're going to downtown Vancouver just stay away from 1st avenue. Lots of awesome ways to get downtown. Is the super fast way to get downtown where you actually end up driving underneath Canada place and you end up popping up on lower boundary. Great way to get to the old vgh.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @PacRic-gs4of Yeah, Willingdon Heights is a pretty great little pocket with a really ideal location. Sounds like you are making the most of being there!
      Appreciate you sharing your personal experience and for watching! :)

  • @johnnyboyvan
    @johnnyboyvan 2 месяца назад +6

    Mostly old dumpy teardowns...be realistic. So many detached houses are aged.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @johnnyboyvan Not sure what section you are referring to specifically...or if it was just the houses in all the areas?

    • @johnnyboyvan
      @johnnyboyvan 2 месяца назад +1

      @@LivingInVancouver-BC Burnaby of course.

    • @OrdinaryFilmmaker
      @OrdinaryFilmmaker 2 месяца назад +3

      @@johnnyboyvan In some cultures, if it is not new, it is viewed in a negatively. Personally I like character, just not asbestos character ;)

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @johnnyboyvan It’s true. Mostly, but he closer you are to the core of the city the older the detached houses are (or the fewer new builds there are as a percentage). The land is simply too expensive for that to be more common…unless, say it’s considered a luxury neighborhood (like point grey road or waterfront in Port Moody). The older houses don’t make the neighborhood worse. But they do give potential buyers a less expensive entry into the market. If you want to be surrounded by new homes you need to move to areas where land is abundant and cheap (relatively) like Abbotsford or Surrey.

  • @AlexSuperTramp-
    @AlexSuperTramp- 2 месяца назад +1

    Thanks for highlighting some specific walkable areas on the map! Especially outside Vancouver proper. They're hard to find! Curious what you think of south fraser, 49th ave area. We are looking for a townhouse, went to an open house last weekend, loved it, but unsure about the neighbourhood

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @AlexSuperTramp- You bet! Happy to hear that you are finding the content useful!
      I actually live pretty close to that area (a little further west and further north). It's a little further than I'd say would be ideal. North of 49th would be better than south of it if you can manage (closer to 33rd would be best). The "cool" part of Main/Fraser keeps being pushed further south but it hasn't gone that far yet. I do think that area has had a bit of a vacuum left as much of the East Indian community has moved to Surrey/Delta. It's ripe for revitalization.

    • @AlexSuperTramp-
      @AlexSuperTramp- 2 месяца назад

      @@LivingInVancouver-BC Thank you so much for your insight! Very interesting regarding revitalization of the area. It did feel like an underrated pocket with potential. The neighbourhoods were quiet and mature which I loved.

  • @91483
    @91483 2 месяца назад +2

    Port Moody itself is nice but too far from most cities and from the airport if you are a frequent flyer.

  • @PacRic-gs4of
    @PacRic-gs4of 2 месяца назад +1

    I love the following property. It looks like a creek might run through it and I always wondered about termites and so on in older houses like that in west Vancouver with all the trees around. Any ideas?

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад

      @PacRic-gs4of I'm not sure which specific property you are referring to in the video...but as for termites in general, they aren't a HUGE issue in Metro Vancouver. Not to say they can't be, but I've never sold a house where an inspector discovered termite damage. My understanding is that termites are FAR more common further to the south of us.
      Every market has it's common issues. In some markets it's termites. In others it's collapsing foundations. It could be flooding elsewhere, or hurricanes, or rented hot water tanks (never understood this one). Here the biggest issues are really oil tanks (for houses) and leaky condos.

  • @XMG3
    @XMG3 2 месяца назад +1

    what are your thoughts on burquitlam area ? There seems to be so much development here, traffic is killin me, also the 80 / 73 storey condos planned at lougheed town center. I bought at the worst time peak bidding war before the interest rise, a 1000 sq/ft, 2 bed, 2019 condo for $880,000 near burquitlam north rd. Market value has been dropping since, I don't know if I can ever sell for that again.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад +1

      @XMG3 I think Burquitlam is fantastic. It's transforming rapidly and I think has become a very popular area with a lot to offer. Not exactly sure when you are saying you bought but I'll assume spring of 2022...we haven't just declined since then...we've been bumping along not too far off all-time highs in terms of prices. Yes, there's been a drop in recent months but that's the case for most areas. Believe me, five to ten years from now you will be fine (plus, you need to live somewhere right?). :)

    • @XMG3
      @XMG3 Месяц назад +1

      @@LivingInVancouver-BC thanks, that's comforting to know, yes, I plan to live here at least for 10+ years. I was hoping the area will be fully developed by then and the value would have gone up, that was one of the reasons I picked this area.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад

      @XMG3 Long-term you picked an amazing community to be a part of! I think you made a great choice.

    • @XMG3
      @XMG3 Месяц назад

      @@LivingInVancouver-BC thank you, keep up the great work 👍

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад

      Thank you! I'll do my best! :)

  • @PacRic-gs4of
    @PacRic-gs4of 2 месяца назад +1

    Thanks for clarifying that a good part of West Vancouver is much drier. North vancouver. I've been looking at getting a place in west Vancouver or white rock. Do you know where I can get more specific stats from? A website? White Rock is also super easy to get onto the water and I love going to Mount Baker. It's a real option as soon as I gave up buying seasons tickets for white rocks since they were taken over by a corporate giant and now the lineups are just crazy getting there and even just traveling through Whistler to park is impossible.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад

      @PacRic-gs4of Stats for what specifically? The weather or real estate?
      I agree, White Rock can be easier to access the water...but it would depend on where you are in both places. I mean, they are both on the water so you can be close in both places. Obviously, in White Rock your money will go a lot further.
      ...and jeesh. The Whistler experience is getting nuts!

  • @morinawang7618
    @morinawang7618 2 месяца назад +1

    Thank you so much for such an informative video! My husband and I, quite new to Metro Vancouver, are looking for investment opportunities in the Lynn Valley centre neighborhood and are quite indecisive about our choice. Any comments on future trend for that area? Thanks a lot!

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @morinawang7618 Glad to hear you enjoyed the video...and welcome to the city! Lynn Valley is a beautiful spot. I'm a fan of North Vancouver and I'm sure in the long run you can't go wrong. My biggest issue would be the transportation infrastructure. You really only have two ways to cross the North Shore and then two ways off of it (three if you include the Seabus). In rush hour the whole North Shore is affected...and transit doesn't really help. And it's only going to get worse with the amount of development that's planned. But if you are ok with that (maybe you work from home) and you value the proximity to the outdoors and to Vancouver then it's perfect!

    • @gracel7132
      @gracel7132 2 месяца назад +1

      Yaletown is still a great place if you are looking for investment properties. It's easy to rent, high tech and high profile companies are in downtown core, so if your unit is attractive and priced similar to other comparable rental units, you still get top rent dollar.

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад +2

      @gracel7132 I do prefer investing in more central downtown locations (like Yaletown) but I don't think @morinawang7618 can go wrong choosing Lynn Valley either.

    • @morinawang7618
      @morinawang7618 Месяц назад +1

      ​@@LivingInVancouver-BC Thank you so much for the insight! The proximity to nature is something that makes the North Shore truly special and stand out and we definitely love it. Already closed the deal recently and actually thinking about moving there ourselves instead of renting out as investment!

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад +1

      @morinawang7618 No problem...I hope that you get the chance to enjoy it yourselves!

  • @CristianEnacheRealtor
    @CristianEnacheRealtor 2 месяца назад +1

    Those neighborhoods will fall in prices soon. Why?

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @CristianEnacheRealtor You are asking me to explain your statement? I'm not sure I understand your point/question.

  • @cdnsilverdaddy
    @cdnsilverdaddy 2 месяца назад +1

    Can someone list them
    Here?

  • @sonicwoofer2008
    @sonicwoofer2008 2 месяца назад +1

    Can u tell us current trends. Thanks

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад +1

      @sonicwoofer2008 You'll need to be more specific in what you are looking for. This video was all about a current trend (the neighborhoods seeing the most increase in value). What trend are you interested in? :)

  • @andreasnewitsch59
    @andreasnewitsch59 2 месяца назад +1

    Queens park is very nice

  • @ewading9244
    @ewading9244 Месяц назад +1

    Yaletown is the best!

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад

      @ewading9244 It's certainly got a lot going for it! Do you live there now?

  • @Abdallah-k1l
    @Abdallah-k1l 2 месяца назад +1

  • @olafdeshield6140
    @olafdeshield6140 Месяц назад

    Good stuff, but it seems like you alternate between pronouncing Vancouver as; Vancoover (correct) and Vankewver (incorrect). Of course it could just be my hearing... Good content nonetheless, but because of the aforementioned, I gravitate towards your videos about Burnaby, Coquitlam and Port Moody :) (Edited to be less acerbic and grumpy old man-ish).

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад +1

      I think your ears might be deceiving you. I was born and raised in the city of Vancouver and pretty sure I know how to pronounce it's name. ;) I can't imagine pronouncing it any other way than Vancoover....but you watch whichever videos you enjoy watching. Appreciate your support!

    • @olafdeshield6140
      @olafdeshield6140 Месяц назад

      It's all good, and all of your videos are fantastic. You have a wealth of knowledge about the local market, and really know your stuff, so don't go changing...

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  Месяц назад

      @olafdeshield6140 Thank you! It's always nice to hear from viewers enjoying my content. :)

  • @Traveler-bq5ed
    @Traveler-bq5ed Месяц назад +1

    Can you get to the point?

  • @g59490155
    @g59490155 2 месяца назад +2

    You seem to be a little more excited in this video than your other previous ones :)

    • @LivingInVancouver-BC
      @LivingInVancouver-BC  2 месяца назад

      @g59490155 Hahaha...might have been a little more caffeine than usual. ;) Thanks for watching!

    • @ExNihilo634
      @ExNihilo634 2 месяца назад +1

      Wtf lol leave him alone