Due To Popular Request - The BCHH 2018 10 Best & 10 Worst List
(July 16, 2018
)
As we forecast long ago, the market has indeed changed. We have had countless questions from everyone with regards to, what Vancouver neighbourhoods are the Best to buy a condo or townhome...and also which are the worst. So, without further ado, drumroll please, here is our comprehensive list for 2018.
Again, if you or anyone you know are considering selling or purchasing your home or any real estate, don't hesitate to call or contact us anytime, 604-767-6736. #BCHOMEHUNTER.COM
Don't hesitate to contact Mandeep and our BCHH real estate group if your considering selling or buying your home anywhere in B.C. We are definitely BC Real Estate!
So how do we do it? Well, the process did take a few steps.
“We first we created a value score." "This score examined the average condo and average townhome price in each neighbourhood and then compared it to surrounding neighbourhoods, the overall municipality average home price and to the average price of a condo or townhome in the greater municipality.”
In other words, "we weren’t just looking for cheap neighbourhoods.”
Next, “we examined how fast condos and townhomes were appreciating.”
Then we examined each neighbourhood’s economic strength. “This was hard,” "Most real estate rankings
compare cities because the analysts can compare GDP growth, unemployment statistics as well as other economic factors. These measurements aren’t available at the neighbourhood level.”
It’s no secret that making the move from renting to purchasing a home any number of Metro Vancouver neighbourhoods is an exciting time. However, with recent stats suggesting that it now takes 88% of one’s median household income to manage said home once bought, this can also be a time of particularly high-stress levels.
Sure, you’re now able to enter the market, but where do you begin to look? Where are the homes that have what you’re looking for and fall within your budget?
While these types of questions can no doubt linger on the minds of prospective buyers, we are here to help answer some of those questions for your and yours.
Sure, you’re now able to enter the market, but where do you begin to look? Where are the homes that have what you’re looking for and fall within your budget?
While these types of questions can no doubt linger on the minds of prospective buyers, we are here to help answer some of those questions for your and yours.
Methodology:
So how do we do it? Well, the process did take a few steps.
“We first we created a value score." "This score examined the average condo and average townhome price in each neighbourhood and then compared it to surrounding neighbourhoods, the overall municipality average home price and to the average price of a condo or townhome in the greater municipality.”
In other words, "we weren’t just looking for cheap neighbourhoods.”
Next, “we examined how fast condos and townhomes were appreciating.”
Then we examined each neighbourhood’s economic strength. “This was hard,” "Most real estate rankings
compare cities because the analysts can compare GDP growth, unemployment statistics as well as other economic factors. These measurements aren’t available at the neighbourhood level.”Behold, our BCHH 10 Best & 10 Worst LIst:
10 Best Neighbourhoods to Buy a Condo in the Greater Vancouver Area in 2018
Coquitlam East, Coquitlam, Greater Vancouver – $480,200
West End VW, Vancouver, Greater Vancouver – $908,068
Coquitlam West, Coquitlam, Greater Vancouver – $510,385
Downtown VW, Vancouver, Greater Vancouver – $861,441
North Coquitlam, Coquitlam, Greater Vancouver – $506,432
Central Coquitlam, Coquitlam, Greater Vancouver – $390,142
Bolivar Heights, Surrey, Fraser Valley / Lower Mainland – $205,528
Granville, Richmond, Greater Vancouver – $230,315
Lower Lonsdale, North Vancouver, Greater Vancouver – $692,434
Langley City, Langley, Fraser Valley / Lower Mainland – $302,651
Coquitlam East, Coquitlam, Greater Vancouver – $480,200
West End VW, Vancouver, Greater Vancouver – $908,068
Coquitlam West, Coquitlam, Greater Vancouver – $510,385
Downtown VW, Vancouver, Greater Vancouver – $861,441
North Coquitlam, Coquitlam, Greater Vancouver – $506,432
Central Coquitlam, Coquitlam, Greater Vancouver – $390,142
Bolivar Heights, Surrey, Fraser Valley / Lower Mainland – $205,528
Granville, Richmond, Greater Vancouver – $230,315
Lower Lonsdale, North Vancouver, Greater Vancouver – $692,434
Langley City, Langley, Fraser Valley / Lower Mainland – $302,651
10 Worst Neighbourhoods to Buy a Condo in Greater Vancouver in 2018
Sea Island, Richmond, Greater Vancouver – $672,450
Hamilton, Richmond, Greater Vancouver – $657,000
English Bluff, Tsawwassen, Greater Vancouver – $362,000
Hemlock, Mission, Fraser Valley – $99,750
Deer Lake, Burnaby, Greater Vancouver – $1,000,000
Indian River, North Vancouver, Greater Vancouver – $686,657
Citadel, Port Coquitlam, Greater Vancouver – $1,038,000
Clayton, Surrey, Fraser Valley – $344,912
McLennan, Richmond, Greater Vancouver – $648,000
Bear Creek Green Timbers, Surrey, Fraser Valley – $320,785
Sea Island, Richmond, Greater Vancouver – $672,450
Hamilton, Richmond, Greater Vancouver – $657,000
English Bluff, Tsawwassen, Greater Vancouver – $362,000
Hemlock, Mission, Fraser Valley – $99,750
Deer Lake, Burnaby, Greater Vancouver – $1,000,000
Indian River, North Vancouver, Greater Vancouver – $686,657
Citadel, Port Coquitlam, Greater Vancouver – $1,038,000
Clayton, Surrey, Fraser Valley – $344,912
McLennan, Richmond, Greater Vancouver – $648,000
Bear Creek Green Timbers, Surrey, Fraser Valley – $320,785
10 Best Neighbourhoods to Buy a Townhouse in the Greater Vancouver Area in 2018
Mary Hill, Port Coquitlam, Greater Vancouver – $589,077
West End VW, Vancouver, Greater Vancouver – $1,427,833
Murrayville, Langley, Fraser Valley / Lower Mainland – $570,097
Lower Lonsdale, North Vancouver, Greater Vancouver – $1,060,163
Holly, Delta, Fraser Valley / Lower Mainland – $599,000
Downtown VW, Vancouver, Greater Vancouver – $1,152,617
Burnaby Hospital, Burnaby, Greater Vancouver – $791,429
Bridgeview, Surrey, Fraser Valley / Lower Mainland – $434,284
Fort Langley, Langley, Fraser Valley / Lower Mainland – $1,061,700
Edgemont, North Vancouver, Greater Vancouver – $1,586,677
Mary Hill, Port Coquitlam, Greater Vancouver – $589,077
West End VW, Vancouver, Greater Vancouver – $1,427,833
Murrayville, Langley, Fraser Valley / Lower Mainland – $570,097
Lower Lonsdale, North Vancouver, Greater Vancouver – $1,060,163
Holly, Delta, Fraser Valley / Lower Mainland – $599,000
Downtown VW, Vancouver, Greater Vancouver – $1,152,617
Burnaby Hospital, Burnaby, Greater Vancouver – $791,429
Bridgeview, Surrey, Fraser Valley / Lower Mainland – $434,284
Fort Langley, Langley, Fraser Valley / Lower Mainland – $1,061,700
Edgemont, North Vancouver, Greater Vancouver – $1,586,677
10 Worst Neighbourhoods to Buy a Townhouse in Greater Vancouver in 2018
Brennan Center, Squamish, Greater Vancouver – $747,043
Cliff Drive, Tsawwassen, Greater Vancouver – $648,234
Clayton, Surrey, Fraser Valley – $522,289
Tsawwassen Central, Tsawwassen, Greater Vancouver – $617,000
West Newton, Surrey, Fraser Valley – $490,518
Fraserview VE, Vancouver, Greater Vancouver – $832,603
Pacific Douglas, Surrey, Fraser Valley – $653,818
Sunnyside Park, Surrey, Fraser Valley – $747,091
Sullivan Station, Surrey, Fraser Valley – $552,905
Morgan Creek, Surrey, Fraser Valley – $739,914
Brennan Center, Squamish, Greater Vancouver – $747,043
Cliff Drive, Tsawwassen, Greater Vancouver – $648,234
Clayton, Surrey, Fraser Valley – $522,289
Tsawwassen Central, Tsawwassen, Greater Vancouver – $617,000
West Newton, Surrey, Fraser Valley – $490,518
Fraserview VE, Vancouver, Greater Vancouver – $832,603
Pacific Douglas, Surrey, Fraser Valley – $653,818
Sunnyside Park, Surrey, Fraser Valley – $747,091
Sullivan Station, Surrey, Fraser Valley – $552,905
Morgan Creek, Surrey, Fraser Valley – $739,914
Again, if you or anyone you know are considering selling or purchasing your home or any real estate, don't hesitate to call or contact us anytime, 604-767-6736. #BCHOMEHUNTER.COM
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