Where should you buy in Vancouver to gain the maximum return on your condo investment for a quick flip?
Looking at the appreciation over the past three months in 34 individual Vancouver neighbourhoods there are some clear winners.
While some markets had higher increases, the best areas for a condominium investor appear to be the West End and Marpole.
In the West End, where more than one condominium sold every day during August, the typical price increased 5.1 per cent from three months earlier, or a return of $23,000.
In Marpole, the three-month appreciation was 12.3 per cent - highest in the city - for a $45,500 increase in value.
5 HIGHEST CONDO PRICE INCREASES
In the past three months to the end of August
|Neighbourhood||Price Increase||Dollar Increase|
- Source: Real Estate Board of Greater Vancouver