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Non-residents will be able to quickly find suitable property for sale in Vancouver thanks to our informative database, which offers nearly available listings from developers and verified agencies. The options vary by type (houses, apartments, condos, land plots, commercial properties), size, and other characteristics, as well as by the prestige of the area and price. To choose a villa or apartment in Canada, you need to:
- Set individual search parameters;
- Use sorting and comparison options to select the best listings;
- Read the description and view photos;
- Contact the seller via private messages or phone to clarify details and initiate the transaction process.
- Minimum price: USD 1
- Maximum price: USD 14.5 million
- Minimum area: m²
- Maximum area: 1,100 m²
Many foreigners opt not only for high-yielding real estate in Canada but also for housing where they and their family members can reside. When relocating, it is worth considering options in neighbourhoods such as:
- Burnaby, a pleasant neighbourhood with attractive prices, numerous educational institutions, and excellent infrastructure;
- West End, located near the business centre and catering to young professionals and families with children due to beautiful views, safety, and lack of tourist crowds;
- Kitsilano, closer to the beach, offering a cosy atmosphere and picturesque nature;
- West Point Grey, a prestigious location for affluent investors;
- Downtown, a district near the centre, appealing to youth and couples with plenty of restaurants, cafes, shops, and bars within a 10-minute drive.
Previously, the country had a legalisation programme based on real estate purchase, but now permanent residency is granted to the following categories of foreigners:
- Students;
- Repatriates;
- Refugees;
- Individuals holding work permits valid for at least 6 months.
Therefore, regardless of the cost of real estate in Vancouver, a buyer cannot become a resident unless they participate in regional programmes like the Quebec Investor Program, which allows immediate permanent residency for 5 years, followed by eligibility for a Canadian passport.
Real estate in Vancouver
The West Coast of Canada attracts a significant number of international buyers looking to relocate, resulting in heightened demand for property purchases. Additionally, many foreigners invest in properties here to resell them or generate passive income through renting. With expatriates and tourists abundant in the city, finding tenants is relatively straightforward.
The city consistently ranks among the top places to live worldwide due to:
- Impressive views of the mountains and ocean;
- Healthy environment: Proximity to pine forests and the coastline ensures clean air quality;
- Developed infrastructure;
- Yachting opportunities;
- Maritime climate: With an average temperature of +15 to +20 ºC throughout the year, winters are mild compared to other Canadian cities;
- Active business and cultural life.
Real estate prices in Vancouver can vary depending on the type (new or resale) and the prestige of the location. Foreigners planning to immigrate to Canada may find the following neighbourhoods most suitable:
- West Point Grey;
- Mount Pleasant;
- Riley Park–Little Mountain;
- Kensington–Cedar Cottage;
- West End;
- Shaughnessy;
- Burnaby;
- Renfrew–Collingwood.
In Dunbar–Southlands, you can find offers at more attractive prices. It is located near the UBC campus, schools, and childcare facilities.
The process of purchasing property in Vancouver entails transferring the down payment and the principal payment, signing a contract, conducting technical and legal property inspections, and registering the transfer of ownership rights with the appropriate registration authority.
Reasons for investing in real estate in Vancouver
According to the International Monetary Fund, Canada’s economy is projected to be one of the world’s fastest-growing in 2024, attributed to its steady 5% interest rate and GDP expansion. Foreign investors face minimal risks, as legislation grants equal property ownership rights to residents and non-residents alike. Acquiring a mortgage is also relatively straightforward, and property ownership facilitates expedited issuance of visitor visas, permitting stays in the country for up to 6 months.
Over the past year, there has been a slight decline in prices of properties in Vancouver, Canada; however, experts predict market recovery soon. Now is the ideal time to select a unit and enter into a transaction, and this applies to all categories of investors:
- Foreigners aiming to achieve an annual passive income of 3–5%;
- Those planning to resell properties in new developments after completion;
- Those interested in long-term investments: If you calculate expenses and potential profits, it may be more advantageous not to purchase investment real estate in Vancouver but to obtain ownership rights to a land plot, where you can then build a house for resale or rental.
Buying real estate in Vancouver
You can effortlessly browse through apartments, plots, condos, or houses in Canada remotely by utilising listings from our frequently updated database. Our filters allow you to pinpoint properties with optimal locations, amenities, additional features, and desired prices. Detailed descriptions accompany each listing, providing you with comprehensive information about the properties that pique your interest.
Prices can be converted into dollars and euros, and the comparison feature will allow you to determine which of the several options will be the best purchase. You can buy real estate in Vancouver for investment purposes and living arrangements from anywhere on the planet without unnecessary hassle. Simply reach out to the seller directly via phone or private messages.