Who is buying Vancouver Real estate?

When looking at the current Vancouver real estate, you may be left with the question with who these days have the money to buy housing in the city. In this article we will cover just who is able to purchase real estate in Vancouver.

Foreign home owners

In recent reports conducted in the Vancouver area it has been discovered that the majority of home-owners in Vancouver are not actually residents there. The type of property often owned by non-residents tends to be condos, with the percentage of condos owned by non-residents being 30.4% higher than that of residents. However, the condos owned by non-residents often come at a higher price, 25.6% to be exact. There has also been a rise in Hong Kong buyers due to uncertain political stability in their country. More details!

New ways to buy

Due to high property prices in the Vancouver area people have been adapting and figuring out new ways to get onto the real estate property ladder. One of the ways that they have done this is by co-ownership of the property. This is when two or more people pool together their resources and purchase the property together. This can become difficult later on when they are trying to figure out who is entitled to what depending on how much each has paid, but in the meantime it get them onto the property ladder. This is normally done by either: each person gets a private suite or each one gets a bedroom and the common areas such as the kitchen, bathroom and living room are shared between all of them. This situation can get even more complicated if there are renovations needed to the property which could lead to conflict as to how to split the renovation costs. It is for this reason that it is advised that in this situation that both parties have a lawyer to help them through this process to avoid any unresolveable problems in the future.

Big earners

A study was concluded to determine just how much a person would need to make in order to be able to afford a house in different neighborhoods, and the results were shocking. In at least five of the neighborhoods in Vancouver the amount needed to purchase a property was over 100,000 USD more than the average household was making. This leaves a big gap for high earners to come in and purchase all of the property that the average household cannot afford. This leads to big earners owning more than the average family, such as a West end condo or a downtown one.

In conclusion, the majority of property in Vancouver is being purchased by either big earners or by non-residents buyers. However, this is down to the fact that Vancouver real estate is a very attractive investment for all. For more details, visit: https://en.wikipedia.org/wiki/Vancouver

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Citizenship by investment in Saint Lucia

There are many reasons as to why citizenship in Saint Lucia is attractive, and it can be easy to get by just as little as investing in a St Lucia villa. Based on your needs and situation, it could be the right step for you. In this article we will have a look at what it is, what the benefits are and how you can do it via investment.

Saint Lucia

Saint Lucia is a breathtaking island based in the eastern part of the Caribbean that is full of five star resorts, volcanic beaches and fishing villages. It is the perfect location for an island escape, weather that be for just you and your loved one or a whole family escape to relax and have fun. Saint Lucia has something to offer to everyone.

Benefits of nationality from Saint Lucia

In the current climate many people are now looking to the attractive option of gaining a second nationality, and Saint Lucia is a very attractive option to somebody looking to do so. Some of the benefits, to list just a few are the following: visa free travel to over 120 countries which include all of the carribean islands alongside with other countries in the common wealth.Tax advantages, which mean that you don’t pay taxes on worldwide income. Educational opportunities for your family, and alongside this there are no educational requirements for acceptance into educational programs. Security of living and working in a peaceful and politically stable country, so you no longer have to worry about you and your family in the future. Last, but by no means least, citizenship in Saint Lucia is forever, this means that once your passport is approved, that it is valid for a lifetime and can be passed onto your children and then onto theirs and so on and so on. Click here!

How to get nationality in Saint Lucia via investment

To be able to apply for citizenship in Saint Lucia you need to meet the following requirements: you need to already have a nationality, you must have a valid passport, all applicants and their dependants must not hold a criminal record, both applicants and their dependants must pass a medical examination, it is the responsibility of the main applicant to make the financial donation in real estate or to the National Economic Fund, children and dependants under 25 can be considered under the main applicants application – those over 25 have to make their own application, and for dependants over the age of 65 they can be considered on the application of the main applicant. The donation amount that you have to make depends on the application. A simple application for just one applicant would only have to be 100,000 USD invested in a property such as a St Lucia villa, whereas one for a couple would be 165,000 USD, for a family of four it would be 190,000 USD and from there on it would be an additional 25,000 USD for every extra dependant.

In conclusion, even though the first investment is high, getting citizenship in Saint Lucia is very quick and easy for you and your family, and you would be promised a safe haven for both you and your family in the future by doing so and not to mention you would have your own St Lucia villa to boot. Check out this site: https://ezinearticles.com/?St-Lucia-Real-Estate-Tips:-3-Great-Locations-to-Buy-an-Investment-Property&id=7810199

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Choosing the Right Vancouver Lodging – Areas and Neighbourhoods to Consider

Choosing the Right Vancouver Lodging – Areas and Neighbourhoods to Consider

Are Downtown Vancouver condos the best properties? Which areas do you want to buy or rent your new condo in? Vancouver has become a vastly popular city of late and more and more are choosing it as the place to buy and rent their new homes. You can’t blame people for loving Vancouver; it’s beautiful with amazing green landscapes and gorgeous mountains. It’s a dream location and if you’re lucky enough to live there, you will appreciate it more than you might think. However, which neighbourhoods or areas are the ones to consider today?

Downtown

Anyone who wants to appreciate Vancouver’s nightlife and bustling everyday actions, downtown is the area for you. You can opt for the Coal Harbour condos or Yaletown; these neighbourhoods are absolutely gorgeous and they really have so much to offer. Within the downtown area, you can find a lot of great shops and local amenities too. You can get a lot of peace and quiet with these areas though and that’s amazing! You get the everyday life of being in the heart of Vancouver but with peace and quiet at night. It’s ideal to say the least.

Use this link to read more information: https://www.placerealestate.ca/

Choosing the Right Vancouver Lodging – Areas and Neighbourhoods to Consider

West End Neighbourhood

For those who want to move a little north of the downtown area then you could venture to West End. This is a gorgeous neighbourhood with locals making you feel welcomed and at ease with them. You are going to love how many amazing restaurants are close to the area as well as lots of great shops. It’s within a walking distance of downtown and Stanley Park is not too far either. This is really a great neighbourhood to visit and West End condos are going to be very cost-effective too. Condos and homes within the area aren’t as expensive as you might think.

Mount Pleasant

Going further out of the downtown area comes Mount Pleasant. This is a wonderful neighbourhood and really this is where all the peace and quiet happens! Anyone who wants to enjoy a quiet night will love Mount Pleasant and there’s really a lot it has to offer. However, it’s not too far from the downtown area so you can still drive or get the bus into the heart of the city. Like Coal Harbour condos and homes, the homes here are fantastic. Nicely priced, the homes are sure to attract a lot of buyers and renters. This is a great area and even though it’s further from the downtown area, it’s really quite lovely and highly popular.

Love Your Downtown Vancouver Condos

Vancouver is truly one area which thousands adore each and every year simply because it offers something exciting. When you choose Vancouver you are welcomed into a new community with a lot of choice over your lodgings. It doesn’t matter if you want to buy or rent, there are many great homes for you to choose from. You can choose high rise condos, semi-detached homes as many others. It’s a dream city and it’s going to be one you adore too. Find the best West End condos and enjoy your new surroundings.

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