Eight of the top 100 neighbourhoods set to lead growth in Canada are in British Columbia, according to a September 26 RE/MAX Network and Verico Financial Group report.
The list, which was compiled by the Canadian Real Estate Wealth Magazine, is based on statistics including population, average home price, capital growth and vacancy rate.
Many of the most promising neighbourhoods were found in small towns.
"As this report clearly shows, investment opportunities abound across Canada, both in bigger cities and smaller towns," said Elton Ash, RE/MAX of Western Canada regional executive vice-president.
"No longer are the big cities dominating the real-estate investment landscape."
The B.C. neighbourhoods poised to lead growth in Canada are (not ranked):
- Castlegar (entire community);
- Fort St. John (entire community);
- neighbourhoods of Colwood and Langford in Greater Victoria;
- Kitimat (entire community);
- Lynn Valley in North Vancouver;
- Whalley in Surrey;
- Terrace (entire community); and
- Grandview-Woodland in Vancouver.
The highest average home prices in the top 100 neighbourhoods in Canada were found in:
- the Patterson neighbourhood of Vaughan, Ontario ($651,750);
- Thornhill East in Markham, Ontario ($589,350); and
- Lynn Valley in North Vancouver ($588,490).
The highest rent on the list was found in the Central Halifax neighbourhood in Halifax, Nova Scotia, at $7,500.