Tri-Cities: It’s Time to Buy
Is now the time to buy real estate? Absolutely.
According to the Real Estate Board of Greater Vancouver the past year has seen a tremendous increase in the value of real estate value in Coquitlam, Port Coquitlam, and Port Moody, making homes in these areas an incredible investment.
… that’s an average increase of $213 333 in only one year!
The Tri-Cities’ townhouse market experienced the same upswing as well, with the MLS HPI Benchmark Price increasing by an average of $77 ,833, and the condo market wasn’t far behind with an average increase of $52 500. Port Moody saw the most growth in respect to both, with Coquitlam and Port Coquitlam not far behind.
These trends indicate a unique (and incredible) opportunity for real estate investment, and they’re projected to continue. While it is apparent that the Tri-Cities have the potential for rapid and substantial return, homes in Coquitlam, Port Coquitlam, and Port Moody also provide a picturesque, family-friendly place for homeowners to settle down with a very positive outlook for appreciation as well.
There’s pride in homeownership; while owning a home offers greater privacy than renting, you’re more likely to become a part of the community when you own, and the Tri-Cities offer a variety of fantastic communities for you to plant your roots.