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. They also interviewed local realtors to get a score for each area.
Topping the list 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, making Tri-Cities the clear favourite.
Check out the full interactive ranking tables for where to buy a townhome in the Lower Mainland here.
The North Shore doesn't get a neighbourhood on the full table until number 54, where North Vancouver's Lynnmour appears on the list.
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 North Shore neighbourhood was Lynnmour, and this was followed by Westlynn Terrace and Pemberton Heights. In fact, the top 12 in the North Shore list of 70 neighbourhoods were all in North Vancouver. West Vancouver's best neighbourhood to buy a townhome was Cedardale, ranked 13th on the North Shore chart but just 177th in the overall rankings.
Check out the full interactive rankings for the North Shore here.