Quote:
Originally Posted by vancouver604
Definitely a place to buy a condo since in a few years with the university and the hospital the prices will be going up and rents will be high. Great potential investment/rental income!
And just think 5 years ago nobody wanted to buy there, not it's a hot bed of activity and the — new area to live in Vancouver...move over Yaletown! 
|
Which University are you referring to? UBC? ie the extension of the Millennium Line to UBC will connect the area with rapid transit. Or is there a new school being planned in the area??
An interesting case example with my grandma's neighbour. He lived in East Vancouver all his life. His wife's health has been declining and requires full time care near VGH. Recently cashed out on a very old home for over $1m

and bought a 2 br condo across the street from VGH so he can easily visit his wife everyday. Now he's living off his pension and profits in a new (well, technically old) home where he no longer needs the space. I can envision similar scenarios happening in the OV with seniors or their children buying/renting units to be near the new hospital.