The previously troubled housing market is taking a turn for the better in 2014. With an increase in the number of residential permits being requested across Vancouver, all indicators point to an upswing in custom home building and new home construction for this area.
Building Permit Applications Suggest Steady Increase in Construction
In January 2014, The Vancouver Regional Construction Association (VRCA) reported that building permit requests in Abbotsford rose 119-percent in November 2013 from October 2013. The largest gains were in residential construction permits. Seasonally adjusted values of residential permits increased 130-percent to $10.8 million in November 2013 from October’s $4.7 million. Building permits in the Lower Mainland – Southwest region also rose 21-percent during the same period of time with residential permit values surging 44-percent to $543.4 million. This information is indicative of a bright outlook for 2014 with continued gains expected in residential construction across Vancouver.
A continued influx of new residents and projected job growth in Vancouver will likely continue to drive the positive momentum of the housing market across this great city. Additionally, mortgage rates across the country remain at a historic low and consumer confidence continues to gain momentum. Those factors make it a great time for first time home buyers to enter the market, seniors to downsize and families to relocate to larger homes.
The improving housing market in Vancouver is not just an indicator of the number of individuals who are purchasing homes, it also brings new employment opportunities in the construction industry to this thriving city. As new jobs are created and hiring rates continue to climb, consumer confidence will further increase, and this will lead to an even larger number of individuals showing interest in purchasing new homes.
Alair Homes Expands with Revived Housing Market
Alair Homes of Vancouver is seizing the renewed strength of the housing market, and business is better than ever for this premier custom home builder. With the addition of two new offices in North and West Vancouver, Alair Homes continues to serve residents of this growing metropolitan center with dynamic customer service, unbeatable dedication to superior craftsmanship and value pricing on beautiful custom homes. Alair has a solid reputation in the design and construction industry, and that relationship has earned them trade relationships with high quality suppliers and sub-trade specialists across North America. Alair uses those relationships to secure the best prices for their customers. All savings are directly passed to consumers allowing Alair to build fabulous custom homes in Vancouver for far less than most would expect to pay. Each home is also backed by an industry leading warranty offering consumers peace of mind for years after their builds are complete.
If you are interested in learning more about building a Vancouver custom home, contact Alair’s Vancouver, North Vancouver or West Vancouver office today for a free consultation and detailed, no obligation quote.