Do You Want to Invest In Chilliwack British Columbia?
If you are looking for a place where you want to invest your hard-earned money then Chilliwack is definitely a place in the BC to consider. According to REIN, which has ranked this city as 7th in the list of top ten towns and cities in British Columbia.
Most people prefer to live in Chilliwack due to lower tax rates, affordable cost of housing, and lifestyle opportunities, as per the REIN report.
All strategic investors will always see Chilliwack in a favorable position as a strong, and long-term real estate market.
If you feel that you can no longer afford the price of the Vancouver real estate market, then now is the right time to get more value for your money by investing in beautiful condos, family homes, and townhouses built by EstateBlock in the Chilliwack BC real estate.
Chilliwack is roughly 100 km southeast of Vancouver where you will find a winning mix of great amenities and residential living in Garrison Crossing. The following are a few good reasons why now is the right time to invest in Chilliwack real estate.
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1. Great time to buy
Irrespective of whether you are buying a home for the first time or your family is growing, the low rate of interest is good news for borrowing money to buy real estate. Canadians have been carrying a high debt-to-income ratio due to rising interest rates that were overburdening their economy.
You can get more for your money with smart investment that are not going to leave you cash strapped.
2. Strong economy
Also, because of the strong economy of the city, a stable growth at the rate of about 3%, easier access to international highways, and location well within a regional market of more than 2.5 million people, Chilliwack is now attracting employers from many groups of industries.
Just consider the opening of the $200m Molson Coors brewery recently, which is likely to become a hotspot for industrial real-estate.
3. Nurturing business growth
Chilliwack city is fully committed to making sure that a competitive business environment will be maintained by working with the various business community and also implementing development policies that will lead to success.
As per the the report by the National Association of Office and Industrial Properties, Chilliwack is getting the fastest approval for development and other building permits.
4. A planned highway expansion
As British Columbia’s 10year transportation plan has included expanding the highway from 1 to 6 lanes from Langley to Abbotsford, making Chilliwack’s more reasonably priced new housing market an attractive option.
Also, Chilliwack is a nice place to live and work, and besides, it will be quite a convenient location for those whose workplace is located somewhere else in the Lower Mainland.
5. Affordability and location
Chilliwack offers affordable real estate in a very well-planned neighborhood, where people with a laid-back lifestyle of smaller town background too will find it appealing. It is ideally located in between weekend getaways to the interior of British Columbia and the buzzing Vancouver city.