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Top 25 Real Estate Agents in Vancouver West,Downtown Vancouver and West Vancouver. Buy & Sell residential homes, property management, pre-sale and more.

Why BC Luxury Real Estate Appeals To Investors (Part Two)

Yet, despite the small share in total residential sales, the luxury real estate market boasts properties with the highest price tag in the country. The high price of the luxury real estate in British Columbia is usually associated with a particular lifestyle or recreational appeal. In this sense, British Columbia boasts many natural beauties and the vast oceanfront access to the Pacific. This has made the province highly attractive to homebuyers and property investors seeking lifestyle-associated leisure properties. Most demanded have been oceanfront or lakefront properties and condominiums with a view and access to the waterfront. Kelowna, which is located on the Okanagan Lake, has been attractive for its recreational and tourism appeal.

In the Greater Vancouver area, the most exclusive locations include Point Grey, UBC, Point Grey Road, Shaughnessy, West Vancouver’s Altamont, Dundarave, and British Properties (with upscale panoramic ocean and city views), and the waterfront. The most prestigious neighbourhoods in White Rock-South Surrey include Morgan Creek and Elgin/Chantrell. In Victoria, buyers seeking retirement or lifestyle properties are attracted to Esquimalt, Victoria West or Victoria Proper, where many properties offer a mix of exclusive, upscale waterfront units. Also popular are Oak Bay, Cordova Bay, Fairfield and Ten Mile Point. In Kelowna, lakefront properties carry the highest price tag. The most popular upscale neighbourhoods include Upper Mission, Lower Mission, Lakeview Heights, and Carr’s Landing.