Benefits of Buying a Condo Near Transportation in Vancouver

There are a number of benefits of buying new condos in Vancouver, especially for those who travel daily to work, school, and everything in between. From time with the family to financial returns, here are 5 reasons to purchase condos in Vancouver near transit:

1. Health
An article in the National Post stated that a new study found “living far from where you work could be killing you”. The survey discovered that the longer your commute, the less likely you were to exercise, leaving a higher body mass index and waist circumference.

Other side effects included fatigue, stress, sleep disturbances, and increased sickness. This then has a domino effect on all aspects of a person’s life, from familial relationships to overall well-being.

2. Time
Less time spent in the car means you have more time to spend with your family. It also means you have more hours during the week to do social and physical activities, which are vital for keeping your mood boosted, immune system healthy, and overall happiness levels up.

3. Resale
New condos in Vancouver that are within close proximity to transit grow much higher in value than those constructed in more isolated areas. Studies have shown that homes located within one kilometre of a transit system were valued at approximately $65,000 more -- how’s that for an investment! In addition, for those who want to rent out their condo, they’ll be able to garner much higher lease rates and interest from potential tenants.

3. Sustainability
In Metro Vancouver, emissions from motor vehicles are one of the largest air pollutants. Transportation accounts for approximately one-third of all greenhouse gasses produced.

According to a study by Health Canada, the Skytrain plays an important role in reducing air pollution in urban areas and public health protection. That means every time you opt for transit over your vehicle, you’re reducing your eco-footprint and combating climate change.

5. Financial Savings
With gas prices reaching more than $1.50/litre, SkyTrain and bus fares are substantially less expensive. Add in car payments, monthly insurance, and maintenance fees like oil changes, and you have a hefty expense that can easily reach over $1,000/month.

Trade in those keys for a Compass Card and your bank account will see a significant difference. This means you’ll have more money to vacation, dine out, play sports, or do whatever it is that you love to do.