With half of the office construction in Metro Vancouver, the second-highest inventory of industrial real estate, and 1,000 new residents a month, Surrey has become the real estate investment capital of the West.
Two different industry surveys have named Surrey as the best place for real estate investment.
The Real Estate Investment Network ranked the top ten towns in British Columbia based on data from government and industry sources. It looked at:
Is the area's population growing faster than the provincial average?
Are new infrastructures being built to handle that growth?
Is the area creating new jobs and taking steps to maintain current employment levels?
Will the area benefit from an economic or real estate ripple effect?
Has political leadership created an economic growth atmosphere?
Are there major transportation improvements in the works?"
The Western Investor recently revealed its top ten real estate investment towns for all of Western Canada, and Surrey beat Calgary for top spot. The magazine analyzed projects planned and underway, vacancy rates, demographic information, and other factors to come up with its first annual list.
Here are the towns where these real estate investment researchers think you'll get the best return on investment.
Rank REIN Top 10 BC WI Top 10 Western Canada 1 Surrey Surrey 2 Maple Ridge and Pitt Meadows Calgary 3 Kamloops Saskatoon 4 Abbotsford Kelowna 5 Fort St. John Red Deer 6 Dawson Creek Fort McMurray/Wood Buffalo 7 Kelowna Brandon 8 Comox Valley Prince George 9 Penticton Comox 10 Prince George Langley Township
For the full article:
REIN "Top BC Investment Towns Released For 2012 - 2016"
Is the area's population growing faster than the provincial average?
Are new infrastructures being built to handle that growth?
Is the area creating new jobs and taking steps to maintain current employment levels?
Will the area benefit from an economic or real estate ripple effect?
Has political leadership created an economic growth atmosphere?
Are there major transportation improvements in the works?"
