Does a Vancouver Condo Suit Your Family?

More and more families in Vancouver are opting to downsize or to live in smaller spaces instead of investing in a single family home. If you’re one of these families and are thinking of switching to condo living, then costs, comfort, and convenience are bound to influence your decision. In case you’re still on the fence, then read on to learn more.

According to the Downtown Vancouver Business Improvement Association (DVBIA), more than 4,500 families reside in the city (source: Vancouver Sun). Houses here can cost up to 10 times more than the median income (source: Demographia/CBC) or from $1 million to $2 million based on DVBIA estimates. Condo units typically cost half that price or even less, which makes them more viable choices for families on a tighter budget.

The city has also imposed guidelines on the construction of high-density housing projects, so that intended units are more suitable for family living. For instance, you can find condos with two to three bedrooms (or more if you have a bigger budget), one of which can serve as a child’s room or play area. These units are also typically located on lower floors.

Likewise, the location of condo buildings for families with children gives you easy access to important amenities and facilities. You can live close to childcare centres, elementary schools, playgrounds, supermarkets, community centres, and other recreational facilities. Work with a local agent who knows all about family-friendly condo property listings.