When it comes to investing in a new home, the age-old question of deciding between a detached home or townhome is one that buyers will inevitably come across. If you live in Vancouver, this decision is typically dependent on two factors: inventory and cost. Growing families or downsizers opting to live in the city are more likely to transition to a townhome due to inventory within the city. According to the Real Estate Board of Greater Vancouver, sales of townhomes are also on the rise totaling 371 townhomes sold in December 2017, an increase of 43.8% compared to the previous year.
Townhome living has several advantages that every buyer should consider: