Where is the next up-and-coming neighbourhood?
When considering purchasing a home today for good value, with long term appreciation, we believe that the tri-cities could be a great place to call home, specifically Port Moody. Port Moody is a great city of 34,000. It is located an easy 40 minute drive from both downtown Vancouver and the US border, and just steps from seaside parks, mountain trails and lakes.
What makes Port Moody attractive to purchase today is that the prices are very affordable for both attached and detached properties compared to Greater Vancouver. Below are some examples of affordability in Port Moody compared to Greater Vancouver:
Beyond Port Moody offering great value, the announcement that the Evergreen is going to extend its services into the area for 2016 makes this place a great prospect for appreciation. The sky train is going to link Burnaby, Port Moody and Coquitlam with an 11-kilometre advanced light rapid transit line between Lougheed Town Centre in Burnaby and Douglas College in Coquitlam. As a result, many people will be considering Port Moody to call home as it offers a great lifestyle and an easy commute to Downtown Vancouver.
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