Happy Halloween to everyone in the Lower Mainland! Stay safe and enjoy the festive activities across the Greater Vancouver Regional District this Halloween evening and weekend!
But, still keeping some business related information to this post, here are 4 neighbourhoods that are hot areas for new business in 2014:
This unique and bustling neighbourhood is becoming the next trend setter for the small, young and very entrepreneurial families that cannot afford to live on the west side. Main street was considered a dive only a decade ago and look at it today!
The West End boasts some great history and charm while living walking distance to the hub of downtown Vancouver. It's quieter and more community oriented than downtown, yaletown and coal harbour but has the same access to everything you love about Vancouver!
Fairview and False Creek are very awesome urban landscapes that have everything from shopping, commercial, water and natural landscape. Olympic Village is also a very unique place to visit and to live along with Broadway and False Creek activities.
In Vancouver home ownership is very hard for some individuals with the prices of detached homes soaring higher and higher. It is a long standing Canadian custom for a family to eventually own a detached home in a nice neighbourhood. But with the demand, lack of available space and soaring prices, this dream is slowly fading away.
Here are some unique forward things ways to alleviate some of these ownership pressures:
These quaint little areas feature smaller detached homes on several normal lots around a shared community area. This particular idea reduces the carbon footprint on the overall area, using less space, and allows residents to own detached homes within a dense neighbourhood.
Currently these secondary homes are only rent-able. With a price tag hovering around the $250,000 mark to start, they are not very common yet. But if these homes could be subdivided and sold as detached freehold homes it would help introduce a more affordable city living alternative.
Gaining a home ownership foothold in a saturated market it hard. Strata basements suites would provide an excellent way of gaining ownership, space and equity pertaining to owning. Currently basement and any additional suites are rent-able only. If the city were to allow this it would allow younger generations the ability to enter the market place and create additional value for properties with basement suites.
Some of the cities oldest and largest chunks of land are now on the chopping block for new residential developments.
The federal governments property arm has formed a joint partnership with three of the west coast first nations to allow all three to partner and enjoy part of the profits from selling the land. Since all three bands share claim to this territory they have agreed to share the profits equally.
This $307-million deal includes the 21-hectare Jericho Garrison, the 8.5-hectare RCMP Barracks near Cambie and 33rd and a Fisheries Department in West Vancouver.
The overall development plan for the properties is not clear yet, but what will hold true over the next decade is that the properties will be developed in accordance with the partners wishes and the overall direction the City of Vancouver has planned for the area.
This deal and other deals that were created during the 2010 Olympics saw other first nations bands come and work together to further benefit off of these monster financial opportunities.
In 2014 Metro Vancouver's high end housing marketing went from hot to scorching with homes surging higher and higher in value.
In the first eight months of this year there were almost 600 homes sold in Greater Vancouver that sold for more than $3-million. This represents almost $2-billion in real estate luxury investment that changed hands already this year in what the Canadian government predicted to be a slow market.
This activity has coined the phrase "$3-million is the new $1-million" in the Vancouver area. In Vancouver a $1-million property can be a drive by listing with much needed renovations and potential investment issues. In Vancouver last year the city did a property assessment of all homes in Vancouver proper and 37,800 homes were valued at $1-million or higher.
The benchmark home price in Vancouver's desirable Westside are valued at: $2,284,400