How to find West Vancouver Real Estate - Luxury Homes

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How to find West Vancouver Real Estate - Luxury
Homes Vancouver is a coastal city with limited
space for growth. The downtown core is
surrounded by water on all sides, and suburbs
such as West Vancouver are somewhat isolated
from the urban centre because of geography.
Limited room for growth means that competition
for real estate is fierce. Since 2002, the
average detached home price has risen by almost
300. Moreover, in West Vancouver (and the entire
Metro Vancouver region), focus has turned to
wealthy foreign investment. The perceived threat
is that immigrants, speculators, and foreign
investors are buying up property at exorbitant
rates while not actually occupying these
residences. Locals have become disillusioned and
have started to pressure the local government to
implement protections that will prevent prices
from escalating further. And there's a solid
case to be made for such protections. Despite
strong economic growth that has allowed residents
to access the local real estate markets to date,
foreign purchases of West Vancouver Real Estate
have helped this market far outpace national
averages. So what does this mean for West
Vancouver, and Vancouver at large? Prepare
yourself for the real boom, because this bubble
is going to burst. Increased foreign investment
means there is a lot of interest in residential
properties so prices will continue to rise.
However, as fewer people occupy these
residences, and access to affordable housing for
local Vancouverites stifles, the economy is
certain to suffer. About Eric Christiansen For
the 17th consecutive year, Eric Christiansen has
sold more West Vancouver homes than any other
REALTOR. Eric's professional services include
a detailed analysis and aggressive marketing plan
to ensure his clients receive the highest level
of representation and guidance.