People are buzzing about New West — from Georgia Straight to The Tyee, everyone is talking about the Royal City.
We definitely agree that New West has a vibrant future ahead, but is it a good investment for homebuyers?
Affordability is key, according to Bob Rennie, owner of Rennie Marketing Systems and recently appointed to BC Housing Board. “Trapp+Holbrook is $300 per sq. ft. less than condos in downtown Vancouver,” he says. “The project has a great design, and with 100 units priced below $299,900, it also delivers affordability.”
It’s about more than just the price. With its revitalized neighbourhoods, New West is a great place to establish new communities. “People may sleep in towers but they live on the ground. Everyone is looking for a high street,” says Bob about people’s desire to live in a vibrant neighbourhood. “Trapp + Holbrook isn’t just about a tower — it’s also about the community.”
In particular, Bob sees potential for Columbia Street, a historical area that is part of the once lively and prosperous Golden Mile neighbourhood.
“People see Columbia Street as an emerging neighborhood. The street has the potential to become a true walking community. The question is not IF but WHEN.”
As Columbia and the neighbouring areas grow, so will the value, breadth and strength of the community. Investments from developments bring new homes and people, which bring pride of ownership to communities. A positive snowball effect follows, as new homes attract commercial demand. New shops and amenities in the area will fuel further economic growth.
Trapp + Holbrook’s 200 feet of street-level storefront will contribute to Columbia’s revitalization as independent retailers and restaurants move in, attracting more pedestrian shoppers.
Recent real estate success stories in Metro Vancouver affirm that condos that are along a transit line, and in a neighbourhood close to amenities, are hot. Home to five Skytrain stations, New Westminster is an attractive place to invest in real estate.
New West also got a boost recently from the Canada Mortgage and Housing Corporation, which recently identified the city as a hot spot in Canada.
We think that the time to invest in New West is now, and early adopters could reap the benefits of great value. We encourage you to visit the Trapp+Holbrook presentation centre at 668 Columbia Street to see what New West has to offer.