Knowing where is best to buy a home is always tricky, especially in today's challenging market – so some advice is always welcome.
The research team at real estate website Zolo have analyzed hundreds of Lower Mainland neighbourhoods (352, to be exact) to see where the best places are to buy a townhome in the current market.
The researchers took into account average price in each neighbourhood, price comparisons with nearby neighbourhoods, recent price appreciation and market momentum, as well as liveability factors such as WalkScores, and interviewed local realtors to get a score for each area.
Topping the list not just for the Tri-Cities but for all of the Lower Mainland is Central Coquitlam, where an average townhome cost $701,730 in 2018. That’s no cheaper than surrounding areas, but the neighbourhood's momentum score is high, and there is great access to a major retail mall and good transit links, said Zolo. In fact, the Tri-Cities had four neighbourhoods in Zolo’s overall regional top 10, with Port Moody's North Shore ranked in third, North Coquitlam at number six and PoCo's Lincoln Park at number seven.
Check out the full interactive ranking tables for where to buy a townhome in Metro Vancouver here.
Zolo also looked at each individual municipality and ranked neighbourhoods within it in terms of where is best to buy a townhome. Obviously the top four were Central Coqutilam, PoMo's North Shore, North Coquitlam and Lincoln Park – check out the full interactive Tri-Cities rankings here.