Surrey has been ranked number 1 in the Real Estate Investment Network’s (REIN) latest report on the top cities and towns in B.C. for real estate investment.
Top British Columbia Investment Towns 2011 analyzed the current and future prospects for real estate investment opportunities in the province, and identified the top regions that will outperform in the coming decade.
Findings were based on in-depth research, statistical analysis, economic and social trends, along with reports and statistics from organizations such as Canadian Mortgage and Housing Corp., Statistics Canada, Multiple Listing Service, Canadian Home Builders Association, city and regional real estate boards, and local economic development offices.
REIN president Don Campbell said, “As one of the fastest growing cities in the province, Surrey has spent recent years diversifying its economy and has experienced a tremendous population increase in the last decade.
“Currently recognized as the 12th largest city in Canada, Surrey is expected to overtake Vancouver’s title as the largest city in B.C. in the next decade.”
“Surrey will reap the benefits from the Gateway and TransLink program. In the next decade, the city will continue to see explosive population growth, one of the most important factors to consider when deciding where to invest.”
The top towns ranked in the report were:
1 Surrey
2 Maple Ridge and Pitt Meadows
3 Kamloops
4 Abbotsford
5 Fort St. John
6 Dawson Creek
7 Kelowna
8 Comox Valley
9 Penticton
10 Prince George
11 Vancouver
Jennifer Harrison
@JHarrisonBIV