Merritt Real Estate – Top 10 Reasons to Invest
Merritt Real Estate – A wise investment choice for you and your family
Buying or selling a home can be very stressful. The growing complexity of the housing market in Canada does not help. Many home buyers are overwhelmed with an ever-increasing amount of online data and advice about buying and selling real estate. Here’s why Merritt real estate is worth considering.
Before you get distracted by all the noise, first consider what’s most important to you. What will ultimately provide you and your family with the quality of lifestyle you desire?
Whenever visitors come to Merritt, the topic of buying real estate almost always comes up. There are so many reasons to consider buying in the central interior region of British Columbia. Whether it’s a recreational property or permanent dream home, here are 10 reasons why you should consider purchasing real estate in Merritt.
With over 2,000 hours of sunshine, the Merritt area enjoys more consistently sunny days than anywhere else in Canada. If blue skies and sunshine are important to you, then Merritt and the Nicola Valley is the place to be.
With such great weather, you’ll love being outside. There are so many opportunities to enjoy an active lifestyle all year long. Enjoy the fresh air and natural beauty of the Canadian outdoors with over 200 lakes in the area and an amazing network of hiking and biking trails.
2. Realistic Goal
Whether you are a first-time buyer or seasoned real estate professional, the massive contrast between the quality and size of homes in Merritt compared to Vancouver and the lower mainland, is staggering. Vancouver is one of the most expensive cities in North America and the world. It’s no surprise that larger and newer homes are selling in Merritt for a small fraction of the prices in Vancouver. And, there are still plenty of new and older heritage homes for sale.
3. Merritt is Central
With Kamloops just a 45-minute drive to the north, it’s like commuting from one city suburb to another, only the scenery is beautiful and there are no traffic lights along the way. Kelowna is just over a one hour drive to the east and Vancouver to the south-west, less than a 3-hour drive.
4. Merritt Real Estate is a Good Investment
With plenty of local shops, restaurants and hotels, there’s no need to leave town to find what you’re looking for. And the close proximity to surrounding larger centres provides for even greater selection, just a short drive away.
House prices tend to rise over time. Purchasing Merritt real estate is one of the safest long-term investments you can make. If you had the choice between putting money towards a new car or a new house, a house will win hands down as it will appreciate in value over the years, whereas a car will lose its value over time. Once you own a house and build some equity you may also be in a financial position to buy another and rent one out.
5. Cost of Living
Right now we have some great interest rates which will help you get started buying a property. Now is a better time than ever to get into the market and lock into a good interest rate and start building equity.
Also, general living expenses are far less in Merritt than in larger cities. Everything from daycare to groceries tends to cost more in urban communities.
6. Lifestyle – Sense of Community – Peace of Mind
Owning Merritt real estate gives you a feeling of belonging in a safe and friendly neighbourhood that gives you a sense of putting down roots and getting established. There are also many neighbourhood groups that you can become involved in, and if you have children, it’s the perfect place for schools, sports and a safe place to just hang out and enjoy the outdoors.
Merritt is also known as the Country Music Capital of Canada, evidenced by larger than life murals of some of Canada’s top country music artists, the Merritt Walk of Stars, The Country Music Hall of Fame and the Rockin’ River Music Fest.
With a population just shy of 8,000, the community embraces its’ history and culture. Surrounded by five First Nation communities and an immigrant population made up of people from all parts of the world. Forestry and ranching remain an important part of Merritt’s economy. And signs of the old and new country western environment are seen in the local music festivals, art, dance, heritage buildings, museum and art galleries.
7. Health Care
With a newly expanded Emergency facility, The Nicola Valley Hospital and Health Centre has eight acute care inpatient beds and includes a 24/7 Emergency Department, Rehabilitation and Physiotherapy, Public Health, Mental Health, Home and Community Care Nursing and Home Support and Lab and X-ray.
In addition to Merritt’s local hospital, the Kamloops regional health centre also services the Thompson Nicola Regional District. Medical services in Kamloops are extensive and cover a wide range of resources. Royal Inland Hospital (RIH) is the regional acute care and health facility for the region. Kamloops also has several private and speciality clinics servicing the region including the only upright MRI in Canada.
8. Strong Educational Opportunities
Elementary and secondary schools provide a variety of learning environments including five primary schools and the Merritt Secondary School. Alternate options include the Kengard Learning Centre and the South Central Distance Education School (SCIDES).
The Nicola Valley Institute of Technology (NVIT) is British Columbia’s Indigenous Public Post-Secondary Institute, one of the most unique post-secondary institutions in the country which provides an environment that addressed the needs of a modern academic institution while at the same time inspiring Aboriginal education through heritage and culture.
In Kamloops, Thompson Rivers University is the largest post-secondary institution in BC north of Vancouver. They offer over 120 undergraduate and graduate degree options as well as over 50 career diploma and certificate programs.
Merritt and the Nicola Valley has plenty of year-round recreational activities, including fishing, camping, swimming, wind-surfing, kayaking, hiking, mountain biking, golf, tennis, lawn bowling, cross country skiing, snowmobiling, curling, and hockey.
Merritt is also home to the Merritt Centennials, the oldest continuously operating BC Hockey League club in the province.
10. Time Well Spent. Don’t spend your free time stuck in traffic.
And finally, purchasing Merritt real estate affords you one of life’s most precious resources: Time.
According to a study conducted by Canada’s University of Waterloo, sitting in traffic tops the list for reasons why commuters in larger cities experience increased stress. Surprisingly, the lack of physical leisure time was a close second. In Merritt, the number of traffic lights is few and far between. Traffic congestion is virtually non-existent, giving you plenty of time for the more important things in life including peace of mind.