Overview of the Greater Vancouver Real Estate Market

The Greater Vancouver area includes the two largest cities in British Columbia, Vancouver and Surrey. Vancouver is ranked in the top five cities for quality of life world wide, and Surrey is home to a diverse population where many festivals are celebrated annually. Real Estate is booming in this area as the demand for housing is quite high. The industries in this area include film production, biotechnology, software development and tourism. The area hosts many cultural and international events, the newest event being the 2015 FIFA Women’s World Cup in Vancouver. Surrey hosts annual festivals that include a Children’s Festival, a Fusion Festival and the Surrey International Writer’s Conference.

It is easy to see why people of all ages are constantly relocating to the area. Most of the communities are comprised of condominiums and townhouses to accommodate medium to large density populations. There are housing developments opening often, so you have the opportunity to compare construction, amenities and pricing. To begin looking, you may want to ask people you know who have moved into the area what they recommend. You can also check with Real Estate agents to see what options are the best to suit your needs.

You may also want to look into the newest developments by Lakewood for housing possibilities. Lakewood’s reputation as a quality developer and respected builder is based on the 60 communities they have developed in the Greater Vancouver area, providing over 4,000 homes to date. The company builds condominiums, townhouses, carriage houses and single family homes with a focus on integrating with the surrounding neighborhoods.

Their developments include outdoor and indoor amenities and are close to shopping centers, good schools and public transportation stations. Convenience and quality blend seamlessly in organized and well constructed units that feature top-of-the-line appliances and dozens of floor plans. Some completed projects include Clayton Cove, The Heights and Brooklyn Village, which opened Phase 2 in September of 2014. Pricing for most units they create is well within the reach of the average family’s budget. While looking into housing options in the Greater Vancouver area, make sure a Lakewood development is on your list.