WHY INVEST IN VANCOUVER?
THERE ARE SEVERAL GOOD REASONS TO INVEST IN VANCOUVER:
It is probably the only City in the world where you can on the same day go downhill skiing in world class slopes and swimming in the ocean
It is the most livable City on Earth as of 2008
Everything is walking distance in Vancouver so you donâ€™t have to spend your precious health, time and gasoline to commute to work
It is the busiest port in the North American Pacific which has grown by 20% in the last three years
It is a main corporate center of Western Canada, gateway for Canadian oil, copper, forestry, other raw materials to the Pacific Rim countries
It is a City of choice for Pacific Rim investors
It is a place of choice for the investors who deal with forestry, oil, diamonds, gold and other raw materials
The vacancy rate in Vancouver is 0.3% and it has being like that since late 1980s. There is consistent lack of housing in Vancouver. There are consistently more people wishing to live in Vancouver then there is housing on the market.
There are not enough hotel rooms in Vancouver as well so you can successfully rent your property out for a hotel room rates.
The median price in Vancouver is around $700 per sq. ft. while, say, in London, England it is $3000 per sq. ft. Why this comparison? Because what Russian and Indian Capital did to London, Pacific Rim Capital is doing to Vancouver. So it is long way to go.
And finally, the real estate market in Vancouver has been consistently growing for the past two decades. Although the past performance is no guarantee of future results, with a vacancy rate around zero it is hard to anticipate any but upward trend in the market.