We were very happy to be the White Rock real estate agents interviewed by Canadian Real Estate Wealth Magazine for their annual Top 100 Neighbourhood Guide. The November / December issue is out now if you would like to read it.
You can read highlights from the article under the image.
Tucked away in the Southwest corner of the Lower Mainland, White Rock is a one hour commute to Vancouver and only ten minutes from the US border.
"It's more affordable than Vancouver, while still enjoying two great beaches, a seawall and many standout restaurants," says Hamish Ross, a realtor at Sutton Realty. "There are many opportunities for various developments. However, there is already a lot of money in the area, so the more challenging aspect is to find the right deal."
Holding properties for growth is the long term play in White Rock, where the average single-family home typically costs upward of $500,000 (much more!).
"Revenue positive investment properties are very difficult to find as there is a significant disparity between what homes cost and what they rent for," Ross says. "Some other options for investors to consider include acreage for development projects, older houses for those looking to build spec homes and old commercial property for redevelopment."
"As Development and growth continues in the area, it's sometimes in conflict with the community that has enjoyed White Rock as a sleepy beach-side town," Ross warns,. "Developers and investors are often bumping heads with residents who want to protect the nature of their city."
What do you think? Is White Rock getting too busy, or is it one of your favourite places to live?