Many families yearn to live in the bustling city of Vancouver, but a lot of younger people are now considering alternatives to taking up residence right smack in the city. Local business news aggregate ‘Business in Vancouver’ asked why some millennials, like Lauren Bennett and fiancé Aaron Costello, have now moved out of the city to settle in the suburbs instead. Their reason?
“Vancouver is so expensive,” Bennett said. She added that, using a park-and-ride close to her new Langley home and Skytrain, her fiancé has a shorter commute to his Burnaby job than from Kitsilano. “We can drive into town on the weekends in 35 minutes,” she said.
This is precisely one of the reasons cited by property developers to explain the growing number of people who are looking for houses in Surrey, Fraser, and similar places.
Of course, this doesn’t mean that Vancouver condos aren’t worth their touted value anymore; it’s just that more and more young people are starting to recognize their own needs and preferred living standards. Those looking to follow Bennett’s example in the near future should start reviewing MLS listings for Vancouver, such as those hosted by Jamie Hopper of RE/MAX Crest Realty Westside, in order to find their suburban dream home.
A multiple listing service (MLS) is essentially a database of nearly all properties for sale in a particular area. Many of these listings contain up-to-date information from local real estate authorities like the Real Estate Board of Greater Vancouver, to give buyers and sellers the most reliable data to work with.
Thanks to MLS listings, buyers can learn about a prospective suburban house’s current value in the market, as well as its specifications and features, to help them choose a home that suits their tastes and means.
MLS listings can also help buyers decide exactly where they want to live, considering that Vancouver has a lot of fine neighbourhoods to choose from. Those looking for a good place to raise a young family may want to give South Vancouver a try, specifically the suburban communities of Kerrisdale and Dunbar.
Meanwhile, those who can afford the rates of Vancouver high-rises, but prefers to stay away from the busy city life, can consider living in one of the neighbourhoods in West Side, like Shaughnessy, which has great mountain views and the promise of a quiet life.
Wherever they choose to live, buyers need to review Vancouver MLS listings very carefully, mainly for accurate and consistent data. They should also do it as soon as they can, especially as a growing number of millennials are now also in search for their own dream homes.
(Source: Vancouver millennials decamping to the ‘burbs, Business in Vancouver, August 20, 2014)