Buy A Townhouse Or Condo?
By ebizniz on December 31, 2007 - 7:09pm
Why buy a townhouse or condo?
Detached houses in the Greater Vancouver averaging around $700,000 have become unaffordable and out of reach by most home buyers. According to the November 2007 sales statistics released by the Real Estate Board of Greater Vancouver, townhouses were averaging around $438,000 and condos $370,000.
You can find out from the local real estate newspapers or search online to learn more about home prices in various municipalities around Greater Vancouver. Properties listed on the Multiple Listing Service System can be found online through RealtyLink Online at
For most home buyers, both the needs and budget consideration are the 2 main reasons for their choice. If a family can manage with the higher mortgage payment, buying a townhouse will leave room for a growing family. Otherwise, a condo will be more appropriate for most home buyers who are still single, active and like the many modern amenities of condo living.
It is always advisable to get the help of an experienced local Realtor to look for the home you wanted to buy. If you are looking for a place in Richmond, you can check out the market by getting in touch with James Wong.
