Richmond Rapid Transit System : Positive impact on Richmond real estate value
Richmond Rapid Transit system is a major infra-structure public work connecting Richmond to downtown Vancouver and other parts of metro Vancouver serviced by the BC's Light Rapid Transit (ALR) system which is popularly called The Skytrain System. City planners and economists are in agreement in attributing the economic benefits of efficient public transport system in stimulating economic growth. The sector that benefits the most is the local real estate owners, developers and Richmond City Council.
With the current housing boom, home buyers are snatching up Richmond new condos in anticipation of strong run up in housing prices when the city is linked to Vancouver City center by the rapid transit system.
The rapid development of the City's downtown core since the 1990s, and the current construction of Rapid Transit Skytrain will further enhance the rapid growth of Richmond. The Olympic Speed Skating Oval to be completed before the 2010 Olympic Winter Games, will showcase to the world Richmond's attraction as a livable, friendly and modern city.
There are many new condos available for sale to the public. If you are looking for a Richmond Realtor to assist you with your home buying or selling needs, call me directly at 604-721-4817 or email me.