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In any situation of shared ownership the community living life style will offer you positive and negative angles. This can be related to townhouses and all other attached properties in the Fraser Valley and Lower Mainland area’s.

Advantages

1. Enjoy – the availability of amenities such as swimming pools, tennis courts, health clubs, community centers, saunas, hot tubs, exercise rooms and sun decks.

2. Enjoy – A variety of prices, locations and types of structures or sizes with architectural features available.

3. Enjoy – the growth in equity as participation in the real estate market will be successful in the Greater Vancouver Area also including: Abbotsford, Chilliwack, Mission, Langley, Burnaby, Richmond, New West, Maple Ridge, Coquitlam, White Rock and Surrey.

4. Enjoy – Pride of home ownership

5. Enjoy – Freedom to decorate the interior of the unit to suit your personal taste

6. Enjoy – Lower costs of repairs and maintainer as it they are shared.

7. Enjoy – Elected council being responsible for making many business and management decisions.

8. Enjoy – Participation in the operation of the development, such as budget setting and approval of decisions that effect your investment.

9. Enjoy – Not cutting the grass or cleaning the gutters as your upkeep and maintenance often associates it’s self with these types of responsibilities

10. Enjoy – Meeting new friends within the common areas.

Disadvantages

1. Maybe you won’t enjoy – Some elected council could behave in a rude, unorganized and unprofessional manner.

2. Maybe you won’t enjoy – Owners may become stand off-ish when the same people are continually serving on council.

3. Maybe you won’t enjoy – Management of the condominium council is by volunteers, who may or not have the appropriate abilities and skill.

4. Maybe you won’t enjoy – The flexibility in selling your home. Selling a condo generally takes more time then single family houses. However, this is a variable and my change depending on what area of the Fraser Valley or Lower Mainland you live in.

5. Maybe you won’t enjoy – The close proximity to one another.

6. Maybe you won’t enjoy – The lack of freedom because of restrictions in the rules and bylaws. (pets or rental restrictions).

7. Maybe you won’t enjoy – The difficulty in accurately assessing the quality of construction in your condo project.

8. Real estate appreciation is generally not as high for a condo in comparison to a single family home or town home.

Disadvantages aside, the possibility of having your first investment in a condominium could prove to be an attractive option for several reasons. If you are considering investing in a condominium, you’ll be happy to know that generally speaking condo’s appreciate in a value rate that is higher in most inflation rates in the Fraser Valley or Greater Vancouver Area. Also, finding a tenant in the Lower Mainland is easy for a condominium apartment because of our low vacancy rate. Surrey, Langley, Vancouver and Burnaby has seen an increase in demand for the condominium lifestyle and the convenience that it provides. However, Chilliwack and Mission has been lagging behind in it’s apartment building development. There is minimal upkeep involved with bylaws and other rules that legislate your investment as a secure and sound vehicles for success. Do your research on other buildings in the area and what they’ve been appreciating at for the last few years. Take your time and don’t be pressured into you purchase!

Our rental network helps to find quality homes, apartments or vacation rentals in Canada’s Fraser Valley area. Visit the website RentAbbotsford.com [http://www.RentAbbotsford.com] for more information on Fraser Valley Homes and Apartments for Sale or Rent [http://RentAbbotsford.com].

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Back with more news for you today. It’s amazing how much good information there is on this stuff out there if you know where to look. Three in particular that I found really valuable were…

Homes for Sale in Claridge Court, Surrey, British Columbia $244900

1119.00 sq. ft. Homes for sale in Claridge Court Surrey, British Columbia. For sale at $244900.0000 CAD. 14377 103 Avenue, Claridge Court.

Homes for Sale in Shawnigan Lake, British Columbia $382600

Homes for sale in Shawnigan Lake Shawnigan Lake, British Columbia. For sale at $382600.0000 CAD. 2882 Gregory Road, Shawnigan Lake MLS 278214.

Homes for Sale in Radium Hot Springs, British Columbia $399000

2520.00 sq. ft. Homes for sale in Radium Hot Springs Radium Hot Springs, British Columbia. For sale at $399000.0000 CAD. 7488 Pine Cone Lane, Radium Hot Springs MLS K193375.

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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The huge and vibrant nation of Canada has many wonderful and diverse provinces, and one of the foremost is the province of British Columbia. Its name has the meaning of splendour undiminished, and when you visit you will see why! The region has a glorious aspect which is recognised widely; superb mountainous backdrop, great coastline and rich cultural heritage make British Columbia one of the most attractive places to reside in Canada. This remains true of its capital Vancouver for example which has enjoyed the most interest of all the British Columbia real estate opportunities.

Though only emerging from a general property slump in recent times, the real estate scene has not often felt the cold draught of recession. It has instead carried on regardless of the ups and downs suffered by the other provinces of Canada. At present, it is doing fine thank you very much! Potential buyers seem more confident and all looks to be set fine for residential sales this year.

This increase in buyer confidence, and higher demand in tandem with a lower mortgage interest rate has combined to create a positive environment for investors in real estate. Actually, the word on the street is that developers are finding that the younger set are beating the retirees to the bidding post right now! The capital, Vancouver especially, has attracted many home buyers and investors recently in the search for their ideal property. It is not likely there will be a shortage of opportunities in the present market situation.

It is quite possible that the usual prices for investment and residential homes could jump to a 2% increase in the region and maybe even rise to 4 class percent in the capital for certain over the next 12 months. Alongside Vancouver the town of Victoria has also reported close to record sales from last fall. That applies to Fraser Valley too.

Over in the city of Oliver, British Columbia, there are a couple of superb new development projects indicating the tremendous buoyancy of the area. Firstly, Canyon Desert golf resort on the 13,000 hectares of prize band land, and Spirit Ridge adjacent to the Tuc Nuit Lake where a development of around 450 units are being built.

These homes, according to the developers, are said to be priced in the mid- range market area and will be for full or part ownership. Waterfront town houses mixed in with golf course condominiums and top grade hotel suites, make up this exciting development. The location is quite extraordinary, being right on the lakeside where 90 to 100 further units will be grouped around the Golf Lodge itself.

A welcome spin-off from all this development will be the inevitable boost in the tourist business and lots of new local trade’s work opportunities. There were plans to develop a wine village that had been moth balled due to the economy, which has now been given the go-ahead. This concept of focusing on genuine rural lifestyles in tandem with wine and tourism, will certainly assist the region to enhance its already established reputation as one of Canada’s highest rated wine producing regions.

Yes, British Columbia real estate can now be likened to the old pioneers who came across the Rocky Mountains to carve out a brand-new life with a spirit of positive and innovative forward thinking. Any wise investor or home buyer with that same attitude will feel right at home in this magnificent scenic star of the West…. British Columbia!

BC real estate offers ski condos that are perfect for a little family time. It includes everything such as kitchen appliances, and also offers great scenery as well. If you’re planning a vacation for this winter, remember to visit us.

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