Surrey ranked No 1 in list of Top British Columbia Investment TownJuly 25, 2013
July 25th Langley, BC - The Real Estate Investment Network (REIN) released the 2013 edition of its Top British Columbia Investment Towns report today. The 110-page report analyzes the current and future prospects for real estate investment in the province over the next decade and has ranked Surrey as the top investment community in BC. This marks the third consecutive time that Surrey has been named the top investment city in the province by REIN.
“It is hard to think of a city that will benefit from its location and transportation improvements as much as Surrey,” said report author, Don R. Campbell. “Although some areas of Surrey, such as White Rock will not glean as much benefit from transportation infrastructure as others, Surrey on a whole is well served. The Gateway Program transportation improvements have increased the city’s accessibility and will not only entice people to move to Surrey, but as importantly, entice businesses to locate within the city. If the proposed light rail lines go ahead, they would serve to further increase the city’s real estate values” - added Melanie Reuter, Director of Research.
Surrey is currently the second-largest city in the province, and is anticipated to eventually overtake Vancouver as the province’s largest city. The city’s population projects show an additional 250,000 will be moving to Surrey over the next three decades, which will significantly increase demand for housing in the region. Residential construction is already on the rise, with all types of housing starts experiencing an increase in 2012.
“Surrey has a lot going for it,” said Don R. Campbell. “Its population increase, which is set to boom in the next few decades, its transportation network and infrastructure, its excellent and forward-thinking political leadership and its pockets of affordable housing. Experienced investors know to carefully balance, price, potential, and cash flow and should select the best neighbourhoods for themselves with diligence.”
The top BC communities in REIN’s rankings are:
2) Maple Ridge
3) Fort St. John
4) Dawson Creek
9) Prince George
About the Top British Columbia Investment Towns report
The Top British Columbia Investment Towns report was first published in 2009 in response to growing demand from investors to know the province’s best locations for cash flowing properties. The report is released every second year and provides investors with comprehensive information on which areas of the province will outperform over the next decade. The communities listed in REIN’s report have been ranked according to their long-term investment potential, not short-term speculative market runs. Many sources are consulted in order to provide real estate investors with the most comprehensive information, including Canadian Mortgage and Housing Corporation, Multiple Listing Service (MLS), Statistics Canada, Regional Real Estate Boards, and local economic development offices. Additionally, real estate investors and REALTORS© who were well acquainted with particular cities and towns were consulted to provide ‘real time’ and ‘on the street’ experiences. The entire report is available for download free of charge at www.topbctowns.com.
About The Real Estate Investment Network Ltd.
Founded in 1993, The Real Estate Investment Network Ltd. (REIN) has grown over the years to become Canada’s leading real estate research and education organization for investors and homeowners across North America. REIN does not sell or market real estate to its members or the general public, but instead conducts objective and unbiased research, analysis and investor education. For further information on REIN, visit www.reincanada.com.
For an interview with one of the report’s authors, please contact Melanie Reuter: