The newfound acceptance and ability to readily work from home has openend up great potential for younger or would-be homebuyers who might be unable to afford a home in the larger urban centres of Metro Vancouver. Remote working is now allowing many office-based employees the chance to move far away from their workplaces. This means that moving to a small town or rural community is now feasiable for many people and families.
There are too many benefits to list here about the positive aspects of small-town living.
Rob Carrick at the Globe and Mail has written a succinct article espousing such positive aspects.
Priced out of the big city? Here are seven housing markets young buyers can afford in COVID-19 times
Although he doesn't mention any places in Metro Vancouver, as a long-time real estate professional in the Fraser Valley, I can tell you that there are some great small towns in reasonable proximity to Vancouver, that offer great value and quality of living.
If you are looking for a reasonably affordable town in the Fraser Valley, the following places might be worthwhile considerations:
3) Aggasiz or Kent
4) Harrison Hot Springs
5) Rural parts of Abbotsford
The lower house prices in these towns means less mortgage debt that many people would either need to take on or carry. For existing homeowners, looking to downsize or retire, buying a cheaper house, townhome or apartment condo in the Fraser Valley could mean eliminating your mortgage debt and setting yourself up for a more comfortable retirement.
Please contact me today if you'd like to learn more about your potential options in any of the Fraser Valley communities and real estate markets mentioned in this blog post.