• Instagram
HomesJournal.xyz
  • Home
  • Journals

real estate

The COVID-19 Pandemic And Shifts in Home Type Demands in Major Canadian Cities

Since the declaration of the COVID-19 as a pandemic by the WHO in early 2020, many shifts have happened in industries across Canada & the world. The impact on the real estate market in Toronto & Vancouver, the two hottest cities of gossip when it comes to real estate market trends, is noteworthy. 

Suburb Homes Over Urban Condos

With more work-from-home measures put into place by many offices, the demand for condos in the city core has dropped. While the price ad maintained at a slight 0.8% increase, the number of sales were down 8.5% for condos in the Toronto core area in October 2020. The number of condo listings in Downtown Toronto had spiked by 215% in this period. A similar tone was seen in Vancouver when September 2020 showed a 14% median decrease in condo prices compared to the same month a year ago amidst increasing inventory.

Conversely, the suburb areas of Toronto and Vancouver saw increasing demand, especially in townhomes and detached homes which offer more space for those who are spending more time working from home. While condo prices dropped, detached houses soared in Vancouver in the 2nd half of 2020, and some suburbs of the Greater Toronto Area (GTA) saw 20% increase in detached home prices in September 2020.

Highway to Toronto Suburbs
Highway 401 is a main artery that connects Toronto to its many suburbs.

Neighbourhoods to Watch For outside of the Toronto Core

Milton, Ontario

Milton is among the suburbs that saw approximately 20% increase in pricing this year with a great surge in demand. It boasts a great scenery indeed, as it is a rural community that kept its natural beauty. If you want trails & parks with the access to shops & amenities, this might be your next place to call home. You can check out the parks & trails as well as recent MLS® listings for sale in Milton (ON) here. Milton was also dubbed the fastest growing community in Canada and is rapidly finding a balance between its countryside charm and modern shops, restaurants & amenities, so you won’t feel boredom there.

Mississauga, Ontario

A much shorter distance to the Downtown Toronto core, Mississauga is a mixture of a business mecca as well as a quiet suburb. Accessible via the highway or the Go Train, Mississauga is the perfect balance of convenience & quiet. Mississauga offers a blend of luxurious neighbourhoods, great school catchments, as well as conveniently located high-rise condos to suit a wide range of needs for those seeking to leave the downtown core. Being a business core with a cosmopolitan vibe, it also boasts some great restaurants that can rival those in the Toronto downtown area!

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 

We sure do love Port Moody! Photo by: @angieo__

A post shared by Rocky Point Kayak (@rockypointkayak) on Aug 19, 2017 at 10:37am PDT

Communities to Look Out For outside of Vancouver, BC

Port Moody, BC

Truly a picturesque city, Port Moody is one of the most sought after cities outside of Vancouver, BC. Enjoy Rocky Point Park for the waterfront experience (there are many more parks in Port Moody), and browse its many breweries that are thriving such as the Twin Sails Brewing or Yellow Dog Brewing Co. While it used to be predominantly detached houses (with some incredible luxury houses in Belcarra & Anmore, for example), the Skytrain adjacent regions have been developed with thousands of new condo buildings to offer more affordable homes that offer easy accessibility to Downtown Vancouver. 

Port Coquitlam, BC

The furthest of the Tri-Cities, this suburb offers a great lifestyle & convenience. Accessible via the Skytrain with more station extensions on the table, this town offers a blend of affordability with great shops & amenities (it has a Costco) and a blend of condos & houses to please all demographics. It is home to many parks & trails, including The Trabolay Poco Trail. With a population of almost 60,000 and growing at just under 1% per year, this region has been a solid neighbourhood to call home for many working families in BC.

  • November 9, 2020
  • 0
  • 157
  • Real Estate
  • More

Everything That The Tri-Cities Have To Offer

The Tri-Cities is made up of the three suburban cities called Port Moody, Port Coquitlam, and Coquitlam. Each city is filled with an abundance of nature all around which is why these have become popular cities to reside in as it’s perfect for nature lovers. Each city has its own many perks to it but most importantly the Tri-Cities are known for the perfect balance of city conveniences all in a beautifully developed suburban area with many opportunities for outdoor exploration around.

Parks & Trails

The Tri-cities have around 100 municipal parks and natural areas to explore, each offering year-round outdoor opportunities. Some of these parks and trails include:

Buntzen Lake

Buntzen Lake offers a beautiful view, a suspension bridge, a forest to explore, and beaches to soak up the sun at.

Pinecone Burke Provincial Park

This provincial park is located in the Burke Mountain neighbourhood in Coquitlam and has tons of great hiking trails that range from easy to challenging, all worth it for the view!

Take a look at homes in Burke Mountain or learn more about the Burke Mountain neighbourhood here. 

Minnekhada Regional Park

A peaceful park ready to be explored, Minnekhada Regional Park is located near the Pitt River and is known for its magical trails and marshes.

Restaurants

The Tri-Cities offers a variety of cuisines, everything from Mexican to Greek to Chinese. Some of the top restaurants in these cities are Taps & Tacos, a restaurant that has a unique twist on tacos in Port Moody or The Bombay Restaurant, that serves authentic traditional Indian cuisine in Port Coquitlam.

Family-Oriented Neighbourhoods

The Tri-Cities has been strategically developed to offer the best amenities in each area but one of the biggest features in any neighbourhood is its proximity to schools. Each city has its selection of family-oriented neighbourhoods and here is a breakdown of the best family-friendly neighbourhoods in each tri-city:

Port Coquitlam

Lower Mary Hill has around seven schools that range from preschool to high schools. Learn more about Lower Mary Hill here. 

Riverwood is a family favourite because of its evenly spread out schools in a small neighbourhood making it easy to go through all of the grades without having to commute far. See what makes Riverwood dream neighbourhood.  

Port Moody

College Park, other than having a great selection of schools it has tremendous public transportation options making every school a quick and easy walk or commute away. Take a peek at another family-friendly neighbourhood contender in Port Moody. 

Coquitlam

North Coquitlam is the hub of Coquitlam making it a great spot to raise a family if you like conveniences very close to home all while having a great balance of schools and parks close by. Find your next home, townhome or condo in Coquitlam here. 

 

Do you love parks, trails, international cuisines and easy access to amenities? If you answered yes then you will love the Tri-Cities. Learn more about the Port Moody, Port Coquitlam and Coquitlam here. 

  • October 16, 2020
  • 0
  • 132
  • City, Real Estate
  • More

New Upcoming Developments In North Vancouver

From Downtown Vancouver, much of the magnificent mountain view is a part of North Vancouver.

North Vancouver is extremely popular for those looking for outdoor experience with various parks, including Deep Cove Park and Mount Seymour Provincial Park.

Famous Grouse Mountain offers an outdoor skating, skiing and snowboarding in winter. In summer, Grouse Mountain is a hiker’s paradise with trails.

The well-known Capilano Suspension Bridge crosses the Capilano River in North Vancouver. It’s a common place for tourists and provides both visitors and residents to explore the majestic area and enjoy the greenery!

Nowadays North Vancouver offers a variety of new construction condos and townhouses.

We handpicked several unique and desirable North Vancouver developments to highlight in today’s entry.


JUNIPER AT TIMBER COURT

Built By Polygon Homes

Juniper is the first phase of Polygon’s newest North Shore community in Lynn Valley. Close to Lynn Valley Shopping Centre and with easy access to hiking, skiing and biking in the North Shore Mountains.

PROJECT DETAILS

Address: 2632 Library Lane, North Vancouver, BC

Architect:  Raymond Letkeman Architects Inc

Building Type: Low-rise, wood frame condos with Whistler inspired architecture.

Featuring granite and prominent wood beams.

Juniper at Timber Court By Polygon

Read More


 CREST

Built By Adera

New condo development in North Vancouver – Lower Lonsdale. Contemporary West Coast Living in the heart of North Vancouver.

The Crest by Adera has an enviable location close to everywhere you want to be… ski and golf and hike and bike, everything is close by.

Great shops and restaurants are located on Lonsdale too! Homes offer the best in contemporary design with the use of natural materials.

PROJECT DETAILS

Address:  150 8th Street East, North Vancouver, BC

Building Type:  6 storey low-rise condos

Unit Type: 1, 2 and 3 bedroom condos and 2 bedroom city homes

Crest By Adera in North Vancouver

Read More


PARK WEST AT LIONS GATE VILLAGE

Built By Pacific Gate Developments

Park West at Lions Gate Village is a new development in North Vancouver, located at the former site of the Grouse Inn at the Corner of Marine Dr. and Capilano Rd. This master planned pedestrian-friendly neighbourhood is conveniently located close to Downtown Vancouver, Stanley Park and Park Royal.

These homes will offer amazing views of the Vancouver Skyline, Burrard Inlet and the North Shore Mountains.

PROJECT DETAILS

Address: 1633 Capilano Road, North Vancouver, BC  ( and 2010 Marine Drive)

Building Type: mixed-use development with 2 concrete residential towers and a public plaza.

Commercial units at ground level with a proposed grocery store.

Unit Type: One bedroom, two bedroom and three bedroom condos

PARK WEST AT LIONS GATE VILLAGE

Read More


MORRISON TOWNHOMES

Built By Creo Developments And Haebler

Morrison Townhomes – new townhome development in North Vancouver

Westcoast architecture with a nod to London’s row houses.

Lovely whitewashed brick and wood accents make these homes stand out.

These family-friendly homes have lots of light and open bright spaces and the rooftop decks! Located in Moodyville adjacent to Moodyville Park.

PROJECT DETAILS

Address: 649 3rd Street East, North Vancouver, BC

Architect:  Shape Architecture

Interior Design: Annaliesse Kelly Designs

Building Type:  Row House style townhomes and stacked townhomes

MORRISON TOWNHOMES in North Vancouver

Read More

North Vancouver is nestled between the mountains and the ocean; there is no better place to live if you love the stunning natural views!

  • March 21, 2018
  • 0
  • 1001
  • Developments
  • More

Extra Popular

  • 7 Shops For Modern Industrial Furniture in Vancouver

    5376 views

Recent Posts

  • The COVID-19 Pandemic And Shifts in Home Type Demands in Major Canadian Cities
  • Everything That The Tri-Cities Have To Offer
  • New Upcoming Developments In North Vancouver
  • New Sustainable Developments In Vancouver
  • 6 Beautiful and unique views on Vancouver Residences

Resources for Future Homeowners

Canada Mortgage and Housing Corporation
The Canadian Real Estate Association
REALTOR.ca
Real Estate Board of Greater Vancouver
Real Estate Weekly

Do-It-Yourself Resources

Curbly
HomeMade Modern
Young House Love

Connect with us

Instagram

Copyright ©2015 by HomesJournal.xyz, all rights reserved.