Where to Invest: Surrey Real Estate Pundit Kam Pawar Anticipates a Banner Year Ahead as 2015 Real Estate Reports Predict a Strong Housing Market

Vancouver, BC (PRWEB) October 23, 2014

The Real Estate Trends 2015 report released today, issued by the Urban Land Institute and PricewaterhouseCoopers, forecasts a continuance of the red hot property market with no cooling off in sight for the forthcoming year in Vancouver.!

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Based on Barbara Yaffe in yesterday’s Vancouver Sun, the Real Estate Trends 2015 report describes Vancouver’s real estate marketplace as truly one of the nation’s “best bets” in the forthcoming year and the fourth most powerful in the nation when it comes to investment, development and home. Added to the truth that Surrey has once again asserted B.C.’s number one place on the Real Estate Investment Network’s list of Best Cities To Invest In over the next decade for the 4th straight year, Surrey real estate investment is proving to be a shrewd enterprise. !

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Yaffe contained the remarks of Urban Analytics managing principal Mike Ferreira to an audience of realtors and developers on Wednesday. Ferreira stated that while investors constitute a substantial part of condominium buyers, buying has been powerful among first-time buyers with help from dad and mom, mature buyers and low rates of interest downsizing from single-family homes.

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Surrey property agent Kam Pawar, owner of Kam Pawar Real Estate Team, agrees and adds, “It Is really an excellent marketplace for first-time home buyers right now. With South Surrey being a mature community with the greatest percentage of residents over age 60 than every other Surrey town centre, downsizing will be a game-changer. Single-family and bigger estate houses will end up accessible and first-time homebuyers will even reap the benefits of the unavoidable and already observable tendency toward higher density housing.”

With new communities of single-family homes springing up, companies are fast to follow. Yaffe said, “Retailers and businesses are following [them], with contractors including shops and offices into their centrally located residential home developments.”

The inverse tendency is equally accurate and clear in case of Grandview Heights Aquatic Centre now being constructed in South Surrey and scheduled to open in autumn of 2015. The center was made to deal with the needs of Surrey residents for exercise, more diversion and sports, but it is the old chicken-and-egg story. It is no coincidence that new residential communities have cropped right up in the region.

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Pawar calls, “More are certain to follow as demand for condominiums and townhouses increases. With improved transportation system, shifting demographics and Surrey’s residents anticipated to grow by 250,000 over the next three years alone, Surrey — and additionally White Rock and Delta –will become even more critical bedroom communities for youthful, commuter families in the years to come and revenues of multi-family home will stay strong.”

The Real Estate Trends 2015 report also expects that Vancouver homebuyers will spend more than 50% of household income on shelter in 2015, significantly more than homebuyers in any other Canadian city, including Toronto. The Canadian property market total is likely to stay constant, with urbanization continuing in city centers where folks may take pleasure in the lifestyle they want and still be close to work, with the real estate market continuing to be the most strong of Western Canada.

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To find out more about Surrey, Delta and White Rock properties for sale or to record your house, telephone Kam Pawar Real Estate Team at 778 895 4805 or visit http://ift.tt/1tgUdaf.

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