The average rent for a one bedroom in Vancouver as per the Canadian Mortgage and Housing Corporation (CMHC) this month was pegged at $1750.00. That is a lot of money, and we hope you’re getting at least that! If you have an investment property and it’s already getting that it could be down to a couple of the following contributing factors. In this blog, we will outline four factors that contribute to why people pay more to live The SkyTrain Living Lifestyle.
What is the SkyTrain Living Lifestyle?
First of, if you are on this site, you believe in the power of purchasing property near the Sky Train but you do not understand why people want to live close to the system? Let’s outline four factors that we believe contribute to this trend:
Houses, Townhouses, and Apartments whether in newer buildings or older buildings will always have the highest Walk Score when located within Rapid Transit corridors. What is a Walk Score and why does it matter? It is a number that uses an algorithm that incorporates the subject property address, and it’s proximity to restaurants, grocery stores, bars, transit, and other services. The equation produces a “Walk Score” out of 100. 100 being highly walkable or a “Walkers Paradise” and 0 being, well, the worst. Important because the higher the Walk Score, the more tenants will want to rent or buy your property for not only the transit factor but also the walkability one.
The Car-Free Lifestyle
This new lifestyle trend that s touted by the Municipal governments, environmentalists and health nuts alike is a growing trend that you can catch through savvy investing and marketing. This trend is seeing many people give up the gridlock in favour for bicycling, transit, and car shares. If this trend continues – it’s showing no signs of slowing down – anyone who has invested in Sky Train condos will not only see their property values grow faster, but they’ll also see the greatest rise in rental rates combined with a low vacancy rate.
Young People Are Not Driving
Yes, this is a thing! In the Metro Vancouver, there is a growing trend of 16-20-year-olds not getting their driving licences. That means in the next five to ten years these individuals will be your tenants and they will not have cars! They want to be close to the Sky Train so they can get where they need to go without the expense of car ownership. Much like the internet, this is the growing trend, and if you’re not investing in Real Estate with this trend in mind you are making a mistake.
Traffic in Metro Vancouver is the Worst
Not going into detail on this one but we just replaced our horn.
Do you agree with this post? You see all the trends that we have pointed out?! Well then, fill out a contact form, join our mailing list, or give one of our specialists a call and we will get working on finding the ideal property. Ensuring you will get one with a high Walk Score, takes advantage of the Car-Free Lifestyle movement, and prepares your Real Estate Investment portfolio for the new tenant entering the rental marketplace.
For properties or Presales close to Rapid Transit email email@example.com and check out some of the Coming Soon projects below.
Check out The Henry, a New Development located on the Canada Line.
HENRY – Pricing, Floor Plans
Sun Towers, Located on the Expo Line in Burnaby South.
SUN TOWERS METROTOWN
An Introduction to the Exclusive Henry Presale Development
Welcome to the Henry Presale Development by Homei Properties. This concrete mid-rise development will consist of six storeys, and 48 exclusive homes. A combination of luxurious condos and townhouses will offer high-end finishings, and top of the line appliance packages. This new development will offer fantastic views and sensible open concept floor plans. Parking and storage will be available and therefore designated at a later date. For Henry pricing, Henry floor plans, Henry VIP Access and Henry Early Registration, email firstname.lastname@example.org or 604-220-5277.
Cambie Corridor; Vancouver’s Most Desired Location
The Henry Presale development will be located in the Cambie Corridor next to Queen Elizabeth park. Within close proximity to the Canada line Skytrain station and the rapid transit system. Even with the Cambie and King Edward Skytrain Station being just minutes away; there is also discussion about adding another station near West 33rd. Cambie and West 33rd’s new skytrain station could offer rapid transit access at your doorstep!
Ammenities in Cambie Village and the Cambie Corridor
There is a reason why Cambie Corridor has become the most desired location to reside. Here you can find the massive green space at Queen Elizabeth Park. Health centers such as Saint Jude’s Anglican Home and BC Children’s Hosptial. Secondary schools include King David Secondary, Eric Hamber Secondary, Vancouver College, John Oliver Secondary, Sir William Van Horne. Elementary schools include General Brock Elementary, Sir William Osler Elementary, Edith Cavell Elementary, General Wolfe Elementary. Kwantlen University is nearby as well. Don’t forget to grab a refreshing volcano cocktail at The Shameful Tiki Room. Or relax over a latte at Truffles or Matchstick Coffee. Nearby shopping amenities include Safeway, Cambie Food Store, Nesters and Oakridge Center Shopping Mall
Park and Green Spaces around Cambie Corridor
Explore some of Vancouver’s most amazing parks and outdoor spaces. Including Queen Elizabeth Park, Columbia Park, Oak Meadow Park, Tisdall Park, Cartier Park, Montgomery Park, Braemer Park, Cambie Park, MacDonald Park and Devonshire Park.
Similar New Developements in the Cambie Corridor
The Henry presale development is just one of many that will be coming to market in the Cambie corridor. If you are interested in Cambie Village, Cambie Corridor, Canada Line Skytrain Access and Rapid Transit Access, we also recommend the following new presale developments:
Cambie and King Edward, 35 Park West, Cambie Star by Yuanheng, Hawthorne by Pennyfarthing, Primrose by Transca and Quarry by Airey Group. For information on these developments, email email@example.com or 604-220-5277
For Henry project details, check out https://www.skytraincondo.ca/building/henry/
Pricing & floor plans package
First option to purchase
First selection of homes
Schedule a private appointment
Schedule an on site orientation appointment
Deposit structure details
Estimated completion date
Info on projects similar to this
For general inquires, please register on this page and see below:
Welcome to Vancouver’s Henry
Exclusive. Luxurious. Concrete.
The Henry will be a six storey concrete development offering a collection of 48 luxurious and exclusive parkside residences coming to Cambie & 37th Avenue in the heart of Vancouver’s Queen Elizabeth Park neighbourhood. The Cambie Corridor is the most sought after location with access to the rapid transit system and the Canada Line Skytrain Station. With access to many different parks and schools, this is the perfect place for your family. Homei properties is a well-known developer in the area. For pricing, floor plans and early VIP Access, please contact firstname.lastname@example.org.
The Cambie Corridor; Vancouver’s Most Convenient and Desired Location!
Nearby amenities include Queen Elizabeth Park. Health centers such as Saint Jude’s Anglican Home and BC Children’s Hospital. Nearby secondary schools include King David Secondary, Eric Hamber Secondary, Vancouver College, John Oliver Secondary and Sir William Van Horne. Elementary schools include General Brock Elementary, Sir William Osler Elementary, Edith Cavell Elementary, General Wolfe Elementary, Kwantlen University. Relax and grab cold beverage at the infamous The Shameful Tiki Room, or enjoy a hot beverage at Truffles or Matchstick Coffee. Grocery stores and shopping such as Safeway, Cambie Food Store and Nesters. Oakridge Center Shopping Mall can be found in the area as well.
More Information Here:
Coming Soon – Henry Presale – Cambie Corridor
On September 19, 2016, Translink CEO Kevin Desmond announced that changes are coming to Vancouver’s Rapid Transit system. Users of the network will see these changes coming to effect on October 22 as part of a test to prepare for the opening of the new Evergreen Extension.
Here is a bullet point summary of how these changes will affect the Expo and Millennium Lines:
The Expo Line:
- Implementation of two routes:
- First one travelling between Waterfront (Downtown Vancouver) and King George Station (Surrey).
- Second one travelling between Waterfront (Downtown Vancouver) and Production Way-University in Burnaby
The Millennium Line:
- No longer travelling to Waterfront Station. It will go between VCC-Clark station in Vancouver to Lougheed Town Centre in Burnaby.
- Commercial Broadway
- Lougheed Station (NOTE: MAKE SURE TO READ THE SIGN ON THE TRAIN AND/OR ON THE NOTICE BOARD! YOU COULD END UP ON THE WRONG TRAIN AS THEY ARE ARRIVING ON THE SAME PLATFORM)
- Production Way-University
There will also be some changes once the Evergreen Line comes into operation which will affect the Millennium Line. The Millennium Line will now operate between VCC-Clark and Lafarge Lake – Douglas stations. Meaning that you will have the ability to enjoy a “one-seat” ride between Lafarge Lake – Douglas and VCC-Clark so you’ll have plenty of time to browse the internet, keep on to date on the market, and get some much-needed work done.
If you are concerned about these changes and are unsure of how it will affect your daily commute. Translink has provided a Trip Planner on their website that takes into the account and will show you how your daily commute is affected. You can log to http://tripplanning.translink.ca/ to see how your daily commute is affected.
You can see a map of the current plan and the new one by clicking on to this link: http://www.translink.ca/skytrainchanges
If you are unhappy with these changes and would like to speak out or you just have a better idea. You can contact Translink through these coordinates: http://www.translink.ca/en/Customer-Service.aspx
In the meantime, if owning a home near in one of Greater Vancouver’s Rapid Transit Corridors is on your list of things to do. Please fill out a contact form and one of our representatives will contact you to get you on your way to home ownership in one of Vancouver’s fastest growing areas for property ownership.