May 13, 2011 — The Real Estate Investment Network (REIN™) a Division of Cutting Edge Research Inc. is pleased to release its fourth edition of The Gateway Transportation Effect research report, which details the impact of the upcoming transportation improvements on housing in the Lower Mainland. The report’s research concludes that prices in select Lower Mainland city neighbourhoods will receive a 10% to 20% premium, over and above what the rest of the area’s market does in the coming years.
By 2031, the Lower Mainland is expected to be home by 3.5 million residents. And with the population increase comes an increasing number of automobiles. The number of vehicles on the road is actually rising faster than the population – 20,000 cars per year – putting tremendous pressure on existing transportation infrastructure. These increases have not been met by improvements to transportation infrastructure at the same rate; in fact, there have been few significant improvements since Expo ’86.
The Government of British Columbia developed the Gateway Program in 2003 in response to the growing congestion on the Lower Mainland’s major road network, and to improve the movement of people and goods through better transportation connections. The announcement of the Gateway Program lead the REIN team to undertake a research report on neighourhoods that will see an increase in value due to these transportation improvements.
REIN’s detailed research has found that there are two “Tiers of Impact” that will occur in the Lower Mainland:
Primary Impact: Maple Ridge, Pitt Meadows, North Langley, Fort Langley, Abbotsford, Port Moody, Port Coquitlam, and Surrey.
Secondary Impact: Delta, New Westminster, Mission, Chilliwack, and Richmond.
The 2011 Gateway Transportation Effect report reviews the peer-reviewed academic research that has been conducted on the impact of light rail, highway expansion and road improvements in other parts of the world.
Founded in 1993, the Real Estate Investment Network™ (REIN™) has grown over the years to become Canada's leading real estate research, investment and education organization. It serves more than 3,000+ member clients who own more than 26,000 properties (valued at over $3.3 billion) across the country. Members use the unbiased research and proven systems to invest in properties in economically strong regions across the country. 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 more information please visit www.reincanada.com
The Gateway Transportation Effect report is available free to the public upon request by emailing the Real Estate Investment Network at firstname.lastname@example.org
About Don R. Campbell
Don R. Campbell is a Canadian-based real estate investor, researcher, author and educator. He is president of the Real Estate Investment Network™ (REIN™), and Cutting Edge Research Inc.
His seminars and real estate presentations have been attended by thousands of investors across North America. Don is the author of the national bestseller Real Estate Investing in Canada and 97 Tips for Canadian Real Estate Investors.
To book an interview with Don Campbell, please call the REIN™ office: 888-824-7346.