While not cheap, these are great options in a crazy market…
In their April 2016 edition MoneySense magazine selected their top Vancouver neighbourhoods to buy real estate to see the best return on investment.
After analyzing more than 200 neighbourhoods, we found several communities that offer a chance for future appreciation, all of which have average prices above $1 million. In Ambleside in West Vancouver—our top neighbourhood—a single detached home sold for an average of $2.25 million last year. Even at these prices, homes are still about 14% cheaper, on average, compared to surrounding communities. Moreover, these top neighbourhoods boast a 68% average five-year return—compared to the city’s 51% return for the same time period. While not cheap, our top picks are great options in a crazy market. See the full rankings below. Read the rest of the article here.
The top 10 Metro Vancouver neighbourhoods to look for well-priced homes, according to MoneySense are:
To view all active listings in one of these areas simply click the neighbourhood links above.