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Vancouver Real Estate Properties. Owning a piece of land or property in Vancouver is a vision for the majority of the people. Vancouver ranks highly on the list of the great cities in the world to live in. The the quality of life in Vancouver is on the list of the best in the world. The features that attract most people to Vancouver is the long beaches and the beautiful weather conditions. Some of the best fun activities like surfing and skiing can be found in Vancouver. The great characteristics of the city has affected its real estate by. Realty in Vancouver has become very expensive.
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The the value of real estate in Vancouver has grown very high in the recent periods of time. The reason behind this phenomenon is the large bids for real estate been made. Thus majority of the people do not have the financial ability to acquire the properties. Some of the strategies which have been employed to make properties more affordable are.
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Designing and development of multiple units’ tall buildings. One of the current features of Vancouver city is the high population. This has made properties to be very scarce. To increase the supply of real properties. The city architects are recommending the adoption of designing and development of high rise towers. High rise building will benefit from economies of scale making them relatively cheap. Co-operative housing is also a challenge being employed to make properties affordable. This involves different people forming a group where they contribute fund. The the goal of the association is to generate enough finance to buy land and properties. This concept is based on the advantage of purchasing properties in large quantities making them cheap. Increase in the number of Realtors. Real estate industry is among the fastest growing sectors in Vancouver city. Many people are venturing into real estate business in Vancouver. The prospect of real estate agents are. Commission of managing of properties. Negotiation and follow-up of terms of a lease or rental agreement are the major responsibilities of a property manager. Real estate companies are acquiring properties in the city and disposing of them later with a mark-up. This is based on that prices of real estate have been rising in the past. Designing and building of properties. The realtors are also sourcing for finance which is used to build apartments. There is a limited supply of apartments making it a very lucrative business. Vancouver city is among the worlds most industrialized cities. The real estate in Vancouver is mainly used to set up industries. Vancouver has developed a good network of road, railways and sea transport. This, in turn, results in industries being able to get raw materials and distribute its final products easily. Tourism is another main economic activity in Vancouver. Many people will visit Vancouver for the vacations. Making a large part of the city’s real estate be used for the construction of hotels and guest apartments.