Got Transportation? - Great Locations To Buy Real Estate Series
In continuing with the theme of what ingredients comprise 'a great location' for Real Estate we are discussing access to public transit.
In the not too distant past people did not want own Real Estate near major transit hubs such as Sky Train stations as they felt they brought with them crime and other undesirables.
As we shift our thinking and realize what an important part of our lives mass transit is becoming and in turn it is becoming attractive to reside in proximity to transit hubs and stations.
It is estimated by Real Estate Investment Network's (REIN) Don Campbell that areas with effective transportation options will outperform other areas as Real Estate prices rise.
You can read more about or request a copy of REIN's 2006 report on the effects on Real Estate of the major transportation initiatives in the Lower Mainland & Metro Vancouver using the link below.
The Impact of Transportation Improvements on Real Estate Prices In Metro Vancouver & Lower Mainland