P.G. Tops Vancouver as Better Place to Invest
November 9, 2011 250 News
Prince George, B.C – The City of Prince George has made it to the top ten list of cities and towns in B.C. in which to invest.
The list pegs Prince George in the number 10 spot, one ahead of Vancouver.
The number one community was Surrey.
The report, titled "Top British Columbia Investment Towns 2011" analyzes the current and future prospects for real estate investment opportunities in the province, and identifies the top regions that will outperform in the coming decade.
The findings are based on in-depth research, analysis of the latest statistics, economic and social trends, and on-the-ground reports from REIN™’s research staff and members, along with reports and statistics from organizations such as Canadian Mortgage and Housing Corporation (CMHC), Statistics Canada, Multiple Listing Service (MLS), Canadian Home Builders Association, city and regional real estate boards, and local economic development offices.
The report looked at 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 Surrey 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?
Here is the top eleven 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