First-time homebuyers in BC lead the nation in those choosing a condominium for their first home, according to a new report released by Genworth Financial Canada. The national survey by Genworth found 14 per cent of those surveyed in B.C. who were buying a home for the first time were planning on buying a condo or had just recently bought one. First-time buyers in B.C. are going the condo route at a rate of almost double that of first-time buyers elsewhere in Canada according Genworth Financial.
Other interesting findings of the survey:
Low-rise condo buildings were preferred slightly by B.C. buyers to high-rise buildings.
First-time buyers in BC expected to pay $300,000-$399,000 but Nationally most first-time buyers planned to spend between $100,000-$199,000.
Almost 60 per cent of first-time buyers said they'd get mortgage information from the Internet, including the use of online mortgage calculators to see what monthly payment they could afford.
Two-thirds of respondents think that the most important investment they will make is buying a home.
For condo listings or market information in Abbotsford BC check out our website TheCondoSeller.Com
The four storey, 142 unit condominium building will be built on McKenzie road, just a short walk from historic downtown Abbotsford. The Latitude will consist of one-bedroom, one-bedroom + den, 2 bedroom and two-bedroom plus den residences. Each suite will have laminate flooring and fireplace in the living room. Dual tone cabinets, stainless steel appliances, granite counter-tops and custom back-splash will be featured in the kitchens. The new building will also feature a shared exercise room, fireside lounge, billiards room, two guest suites for visiting family and friends. The builders (HJ property investments Ltd.) are calling the Latitude "the smart move". The aggressive pricing certainly makes it a smart move especially for investors. Prices of one-bedroom units are starting from $160k and the price for two-bedroom plus den will start at $270k.
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Cottage Lane Manor is located at 33490 Cottage Lane. This is an adult oriented complex located in Central Abbotsford with McCallum Medical Tower only steps away. This building is in a very quiet neighbourhood close to bus stops and access to Highway #1. Many suites enjoy beautiful moutain views.
Visit our website to buy or sell a condo in Cottage Lane Manor.
Monte Vista is located at 33369 Old Yale Road in central Abbotsford . It is an affordable complex located in the heart of Abbotsford. Easy access to public transportation makes it simple to get around town. White Spot and Club Villa Restaurants are right across the street while Sevenoaks Shopping Centre is only a few minutes away. This quiet adult oriented condo features insuite laundry and mature maple trees surrounding the complex for added privacy.
Visit our website to buy or sell a condo in Monte Vista.
Summit Point at 33065 Mill Lake Rd. is an upscale complex located at the corner of Mill Lake Rd. and Bourquin Cr. in Central Abbotsford. This immaculate highrise is steps away from Sevenoaks Shopping Centre, Mill Lake, and Abbotsford's City Centre. These units enjoy gorgeous views from all sides including Mt. Baker, the North Shore Mountains and Mill Lake itself. Summit Point features large and open floor plans and has an indoor pool, hot tub, sauna, gym, library and guest suite. These suites offer real luxury living in Abbotsford.
Visit our website to buy or sell a condo in Summit Point.
Trethewey Towers is located at 32440 Simon Ave. It is conveniently located at the corner of Trethewey St. and Simon Ave in West Abbotsford. City Hall, the Public Library, Safeway, banks, and shopping are all right around the corner. These spacious units boast unobstructed mountain views from all angles. This elegant adult oriented high-rise features an indoor pool, whirl pool, sauna, recreation room and workshop.
Visit our website to buy or sell a condo in Trethewey Towers.
The elegant Town Centre is located at 32330 South Fraser Way. It is centrally located right across the street from City Hall. Safeway, banks and restaurants are all right down the street. These quality units have gorgeous unobstructed views of Mt. Baker and all of Abbotsford. This executive highrise features one of the best security systems in Abbotsford.
Visit our website to buy or sell a condo in Town Centre Tower.
Evergreen Village is located at 31955 Old Yale Road. It's a unique senior citizens complex located in the heart of Clearbrook. This condominium complex is close to Highway #1, Sevenoaks Mall, Church, Clearbrook Plaza and Meadowfair shopping plaza. The beautiful and well maintained grounds make for a vibrant outdoor social scene. Top floor units enjoy a beautiful unobstructed view of Abbotsford. This large and popular complex features such amenities as an indoor swimming pool, sauna, whirlpool, activity room, exercise room and guest suite.
Visit our website to buy or sell a condo in Evergreen Village.
Regency Park is located at the corner of Maclure Rd and Gladwin Road (Address 3150,3170 and 3190 Gladwin Rd). Regency park complex has six buildings. Three out of the six buildings are highrises in this complex. This popular complex is only minutes away from Sevenoaks Shopping Centre, Mill Lake Park, schools, restaurants and Public Transit. These buildings lay on immaculate grounds with beautiful landscaping including a gorgeous water fountain. These condos are surrounded by trees to ensure privacy, peace and quiet throughout. Amenities include an indoor pool, hot tub, fitness room, common room and guest suite all available at your convenience.
Visit our website to buy or sell a condo in Regency Park.