Fairview is a vibrant and dynamic neighborhood that perfectly blends urban sophistication with natural beauty. Nestled between bustling Downtown and the serene South Granville, it’s a prime destination for professionals, families, and investors alike. With properties in high demand, now is the perfect time to explore what makes Fairview so special.

A Neighborhood That Has It All

Fairview seamlessly combines residential charm with the convenience of city amenities. From tree-lined streets to modern condo developments, it offers a variety of housing options for every lifestyle. Whether you’re searching for a chic apartment with breathtaking False Creek views or a spacious townhome near top schools and parks, Fairview has something for everyone.

Unmatched Connectivity in Vancouver West Side

One of Fairview’s biggest advantages is its excellent connectivity. With major transit hubs like the Broadway-City Hall Canada Line Station and the upcoming Broadway Subway extension, getting around the city has never been easier. For cyclists and pedestrians, the neighborhood features bike-friendly paths and walkable streets, making all of Vancouver feel within reach.

Endless Amenities & Lifestyle Perks

Fairview is home to some of Vancouver’s best shopping, dining, and recreation. Granville Island offers a world-class public market, artisan shops, and waterfront dining, while South Granville boasts high-end boutiques, art galleries, and cozy cafés. If outdoor activities are more your style, Charleson Park and the False Creek Seawall provide stunning views and plenty of green space to unwind.

A Thriving Investment Opportunity

For real estate investors, Fairview is a neighborhood to watch. Its central location and growing demand make properties here highly desirable. With the Broadway Subway extension set to further boost property values, now is the time to consider investing. Whether you’re looking for rental income or long-term appreciation, Fairview offers strong potential.

Why Choose Fairview?

Fairview isn’t just a place to live—it’s a thriving community offering the perfect balance of work, play, and relaxation. Its unbeatable location, urban conveniences, and peaceful atmosphere make it one of Vancouver West Side’s most desirable neighborhoods.

Let’s Find Your Dream Home in Fairview

Ready to explore what makes Fairview so special? Reach out today to learn more about available properties or discuss how this community fits your lifestyle and investment goals. With Brent Lewis PREC by your side, your perfect home in Fairview is within reach.

📞 Call 778-888-9187
📧 Email BRENT@HOMESBYLEWIS.COM

The Vancouver real estate market has long been known for its high prices and fierce competition, but changes to Canada’s mortgage rules coming into effect on December 15, 2024, could make homeownership more achievable. If you’re a first-time buyer in Vancouver, here’s how these updates can shape your path to owning property.

What Are the New Mortgage Rules in Canada for 2024?

1. Higher Insured Mortgage Cap
   As of December 15, 2024, the maximum property value eligible for insured mortgages will increase from $1 million to $1.5 million. This change is particularly significant in Vancouver, where the median home price often exceeds $1 million.

   • Benefits: Buyers can now access insured mortgages with a lower down payment—5% for the first $500,000 and 10% for the portion up to $1.5 million—making it easier to finance homes in Vancouver’s competitive market.

2. Extended Amortization Period
   For first-time homebuyers, the maximum amortization period will now be 30 years (previously 25 years).

   • Impact: While this reduces monthly payments, it increases the total interest paid over the loan's duration, offering buyers more flexibility to manage cash flow.

How These Changes Will Impact First-Time Buyers in Vancouver

• Affordability Boost:
  Buyers who were previously priced out of the Vancouver market now have access to lower monthly payments and can consider properties in neighborhoods like Burnaby, New Westminster, and East Vancouver.

• Increased Demand:
  Experts warn that these measures could drive up competition and prices, especially in high-demand areas, unless the supply of affordable housing improves.

• Flexibility for Young Buyers:
  The 30-year amortization provides a lifeline to younger professionals and families balancing other financial priorities, such as student loans or childcare expenses.

Why Now Is the Best Time to Buy in Vancouver

The combination of new mortgage rules and a stable market creates a unique opportunity for first-time buyers. Here’s why:

1. Steady Home Prices:
   Vancouver’s real estate prices have remained relatively steady, offering a brief window for buyers to secure properties before demand pushes them higher.

2. Potential Rate Drops:
   With interest rates expected to decrease, now is the perfect time to get pre-approved for a mortgage. Lower borrowing costs could make your dream home more affordable.

Key Steps to Navigate Vancouver’s Housing Market

1. Get Pre-Approved
   Before exploring homes, secure a mortgage pre-approval. This helps you understand your budget and demonstrates to sellers that you’re a serious buyer.

2. Partner with a Realtor
   Vancouver’s market is competitive and complex. A local real estate agent can guide you through the best neighborhoods and negotiate deals on your behalf.

3. Monitor New Listings
   Stay informed about inventory in your preferred areas and act quickly when opportunities arise.

Top Neighborhoods for First-Time Buyers in Vancouver

• Burnaby: Known for excellent transit and slightly lower prices compared to central Vancouver.

• New Westminster: A family-friendly area with a mix of condos and detached homes.

• East Vancouver: Offers a vibrant community and diverse housing options, from townhouses to duplexes.

Final Thoughts

The new mortgage rules bring much-needed relief to Vancouver’s housing market. While affordability remains a challenge, these changes open doors for first-time buyers aiming to secure their place in one of Canada’s most desirable cities.

If you’re ready to explore your options, contact me today for expert guidance on navigating Vancouver’s real estate market 

Call 778-888-9187

Email BRENT@HOMESBYLEWIS.COM