Prince George Makes Top Ten List of B.C. Communities for Real Estate Investment
December 30, 2011 250 News
There is good news for those looking to buy real estate in Prince George. The Real Estate Investment Network has listed this city in its top ten communities in B.C. in which to invest in real estate.
Prince George comes in at number 10, one place ahead of Vancouver.
The annual ranking is put together by the R.E.I.N. based on the following factors:
■ 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?
Based on those factors, Surrey was ranked #1.
In the report, R.E.I.N. President Don Campbell says Surrey is one of the fastest growing cities in B.C, “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 BC in the next decade.”
He adds that Surrey will reap the benefits from the Gateway and Translink Program “A number of projects are in various states of completion that will positively impact the commute for residents to and from Surrey and improve transportation logistics for businesses. 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.”
Here is the full list:
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