I lived in Squamish and recently sold my home there and I am not surprised to see it growing as it is but I am a bit surprised at how close the pricing is to the North Shore now. There are very few jobs and amenities and you have to drive to get to work or go anywhere. We spent a lot of money in our budget on gas and vehicles while the kids were young.
I spoke to a builder the other day and I am going to look more into this further but he told me people are building at $ 350 SFT Approx now in Squamish. I noticed a lot of the price Per SFT selling is around $ 400- $ 500 SFT. Prices are adjusting down a bit but not as drastically as the North Shore and Vancouver.
Squamish’s population is growing: In 2016, it was 19,512, up from 17,158 in 2011, an increase of 13.7 percent.
I loved living in Squamish when it was affordable and still go there often as my son lives and works there but he can hardly afford to live there anymore and more and more people are moving back to the city.
Will Squamish see a large price correction or keep rising as it has been?
Here is a recent Article from the Vancouver Sun about Squamish. it is an amazing place to live but do your homework before buying and look at all of your options as it is a big investment long term.
Vancouver Sun Article -
Squamish: Canada’s outdoor capital is also one of its fastest growing communities
See two examples I posted below on similar homes in Squamish and North Vancouver.
November 14, 2018 Update $ 80,000 drop in one month
This property is now listed for $ 1,598,000
- Squamish, BC, V8B 0V5 Listing ID: R2318510
See this listing in Squamish
40332 ARISTOTLE DRIVE
UNIVERSITY HIGHLANDS SQUAMISH V8B 0V5
RESIDENTIAL DETACHED BEDS: 4 BATHS: 4.0
2,969 SQ. FT.
Lot Area: 6,797 sq. ft.
Average Price per SqFT in this area $ 494
November 14, 2018 - No Price change in a month
- North Vancouver, BC, V7K 1L
Similar Listing North Vancouver Lynn Valley
1534 BURRILL AVENUE
RESIDENTIAL DETACHED BEDS: 6 BATHS: 4.0
2,746 SQ. FT. BUILT: 2017
Lot Area: 4,024 sq. ft.
LYNN VALLEY NORTH VANCOUVER V7K 1L9
Average Price per SQFT in this area $618.79