How to find West Vancouver Real Estate - Luxury Homes

1. 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.