All over Canada and the United States, a new trend is developing. Many older adults and retirees are relocating to college towns and settling down near their alma maters. There are several reasons why this movement is picking up steam.
A Slower Pace
While Vancouver is not a “college town” proper, the University of British Columbia's campus offers a slight respite from the bustling activity of the metro area. Students are concerned about making it to class on time, but they are not aggressively plowing through traffic trying to get back to their families at five o'clock.
Many students on campus do not own cars. The area of Point Grey where UBC is located has a relatively low traffic flow and far less population density than nearby downtown Vancouver. All of these factors mean a more leisurely atmosphere, peppered with the excitement of learning.
This laid back attitude is aided by the breathtaking scenery in the vicinity. Beautiful beaches surround Point Grey; they offer a tempting way to unwind during a free afternoon.
Lower Cost of Living
Students generally have very little to no income. Savvy business owners will cater to less affluent clientele; many shops in Point Grey do just that. Bulk produce, inexpensive lunches and affordable services all abound near UBC for this exact reason.
If you are a sports fan, the UBC Thunderbirds have countless teams for you to cheer for. If you are a fan of hockey, basketball, rugby, swimming, soccer or any other major team sport, you can find a local team to root for.
Many club sports are popular at UBC as well. You can enjoy watching the fencing group take on other schools, or watch students battle it out on the chess board or pool table.
If sports are not your thing, there are events being held nearly every day of the year. Colleges tend to attract world-renowned performers and guest speakers. Lectures, special exhibitions, musical performances and plays can all fill out your calendar.
The esteemed Vancouver Symphony Orchestra also frequently plays at UBC's Chan Centre during their concert events.
While no area is 100 percent “recession proof,” college towns are not subject to the fickleness of other market speculation. Students and professors will always need housing, and local businesses will always be there to support them.
When you purchase a property near a campus, you can rest assured that you will be well-insulated from the booms and busts of other real estate markets. Your investment will be protected and there will always be a demand for your property should you ever choose to sell.
If all of these reasons compelled you to take a closer look at one of the UBC homes for sale, we encourage you to visit our buyers page.