Top Places to Buy a Home in Vancouver
Vancouver is one of Canada’s most desirable and expensive cities, with its stunning scenery, diverse culture, and vibrant economy. But where are the best places to buy a home in Vancouver, whether you want value, growth, or lifestyle? Here are some of the top neighborhoods to consider based on data from MoneySense and Zoocasa.
Hastings-Sunrise
Hastings-Sunrise is the number one neighborhood in Vancouver to buy a home, according to MoneySense and Zoocasa. This East Vancouver area offers a mix of affordability, convenience, and community, with a benchmark price of $1,678,699 as of December 20221. Hastings Sunrise has seen impressive price growth of 34% in the past three years and 30% in the past five years, making it a great investment opportunity. The neighborhood also has a high percentage of children (41%), a good accessibility score (2.4 out of 5), and a moderate value score (5 out of 5).
Kitsilano
Real estate for sale, Vancouver
Kitsilano is another popular neighborhood in Vancouver to buy a home, especially for those who value lifestyle and amenities. Located on the city’s west side, Kitsilano is known for its beaches, parks, shops, and restaurants, as well as its proximity to downtown and UBC. The benchmark price of a home in Kitsilano is $1,513,935 as of December 2022, which is lower than some neighboring areas. Kitsilano has seen moderate price growth of 20% in the past three years and 11% in the past five years, as well as a high accessibility score (4.4 out of 5) and a good economics score (3.1 out of 5).
Arbutus Ridge
Apartment for sale, Vancouver
Arbutus Ridge is a prestigious and affluent neighborhood on the west side of Vancouver, with a benchmark price of $3,604,797 as of December 2022. This is one of the most expensive areas in the city but also one of the most desirable, with its large and luxurious homes, tree-lined streets, and scenic views. Arbutus Ridge has seen modest price growth of 10% in the past three years and a slight decline of 6% in the past five years, reflecting the volatility of the high-end market. However, the neighborhood has a very high economics score (5 out of 5), a good accessibility score (3.1 out of 5), and a high percentage of children (50%).
Other Neighbourhoods to Consider
Property for sale, Vancouver
There are many other neighborhoods to consider when buying a home in Vancouver, depending on your budget, preferences, and goals. Some other top-ranked neighborhoods by MoneySense and Zoocasa are West Point Grey, Renfrew-Collingwood, Killarney, South Cambie, Mount Pleasant, Victoria-Fraserview, and Kerrisdale. You can also check out Zolo’s list of the most affordable places in BC to buy a home, which includes some Vancouver suburbs such as Surrey, Langley, and Abbotsford. Alternatively, you can browse the latest listings and market trends on Zillow, which has a comprehensive database of Vancouver real estate.
Conclusion
Vancouver is a beautiful and dynamic city that attracts many home buyers from across the country and the world. However, finding the right place to buy a home in Vancouver can be challenging, given the high prices and the competitive market. That’s why it’s essential to research, compare different neighborhoods, and consult a professional real estate agent who can help you navigate the process. Whether looking for value, growth, or lifestyle, a neighborhood in Vancouver suits your needs and dreams.
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