Why You Should Invest in BC Real Estate Now

Why You Should Invest in BC Real Estate Now

If you are looking for a lucrative and stable investment opportunity, you should consider investing in BC real estate. BC is one of the most desirable places to live in Canada, with its diverse natural beauty, vibrant culture, and thriving economy. BC real estate has proven to be resilient and profitable over the long term, as the demand for housing continues to outstrip the supply. Here are some of the reasons why you should invest in BC real estate now:

BC Real Estate Has Appreciated Significantly Over the Last 30 Years

According to BC Assessment, the independent authority that assesses all properties in BC for tax purposes, the average assessed value of residential properties in BC has increased by more than 600% since 1993. This means that if you had bought a property in BC for $100,000 in 1993, it would be worth over $600,000 today. That’s an impressive return on investment that beats most other asset classes.

The chart below shows the average assessed value of residential properties in BC from 1993 to 20231:

As you can see, BC real estate has appreciated significantly over the last 30 years, with only minor fluctuations during economic downturns. The trend is expected to continue as BC’s population and economy grow.

BC Real Estate Has a High Demand and a Low Supply

One of the main drivers of BC real estate appreciation is the high demand and low supply of housing. According to the British Columbia Real Estate Association (BCREA), the provincial body that represents more than 23,000 REALTORS®, BC’s population has grown by more than 50% since 1993, adding over 2 million people. However, the housing supply has not kept up with the population growth, resulting in a chronic housing shortage.

The chart below shows the ratio of active listings to sales in BC from 1993 to 20232:

As you can see, the ratio of active listings to sales has declined significantly over the last 30 years, indicating a tight market where buyers outnumber sellers. A ratio below 20% is considered a seller’s market, where prices tend to rise faster than inflation. A ratio below 10% is considered an extreme seller’s market, where prices tend to skyrocket.

BC Real Estate Offers Diversification and Stability

Another reason why you should invest in BC real estate now is that it offers diversification and stability for your portfolio. Unlike stocks, bonds, or commodities, real estate is not subject to the same volatility and risk of market crashes. Real estate is also a tangible asset that provides income and utility, as well as capital appreciation.

BC real estate is especially attractive because it offers a variety of options for different types of investors. Whether you are looking for a single-family home, a condo, a townhouse, or a multifamily property, you can find it in BC. Whether you are looking for an urban, suburban, or rural setting, you can find it in BC. Whether you are looking for a coastal, mountainous, or forested environment, you can find it in BC.

BC real estate also offers opportunities for value-added investments, such as renovations, extensions, or development projects. At Stress Free Construction, we are experts at providing high-quality and affordable construction solutions for residential and commercial properties. We can help you transform your property into your dream home or your cash cow.

Conclusion

BC real estate is one of the best investments you can make right now. It has appreciated significantly over the last 30 years and is expected to continue doing so due to high demand and low supply. It also offers diversification and stability for your portfolio, as well as a variety of options for different types of investors. If you are interested in investing in BC real estate, contact us today at Stress Free Construction. We will take the stress out of your construction project and help you achieve your investment goals.