Surrey is number one in a new survey on B.C.’s top towns for real estate investment
The real estate market keeps evolving every day; more and more people are investing in industry and B.C. is leading the way.
The Real Estate Investment Network (REIN) has released its new list of Top 10 urban communities in B.C. to purchase real estate in the following five years.
- Surrey
- Abbotsford
- New Westminster
- Victoria
- Kamloops
- Kelowna
- Chilliwack
- The Tri-Cities of Coquitlam, Port Coquitlam and Port Moody
- Burnaby
- Vancouver
See New Real Estate Listings In Surrey
Clayton Heights | Cloverdale | Fraser Heights | Fleetwood | Grandview Surrey | Morgan Creek | White Rock
Surrey tops the list, with Vancouver coming in tenth place.
The new REIN list comes three years after its last report in 2014, which additionally distinguished Surrey as the best location to invest. REIN is a Langley-based real-estate research, instruction, and counseling company, which was established by expert Don Campbell.
“British Columbia’s is entering a new era of real estate opportunities and challenges. While most think the Lower Mainland’s housing market is priced ‘out of this world’ – limited supply and increasing demand continue to drive this market. Affordability is creating challenging hurdles for many buyers to overcome. This report identifies where relative affordability exists and regions which will continue to see upward growth despite current high values,” says REIN’s Senior Analyst Don R. Campbell.
Why should you invest in Surrey’s real estate market?
Surrey is one of the most prominent and quickest developing cites in British Columbia. Being situated in Metro Vancouver with quick access to Vancouver, the Fraser Valley, the Trans-Canada Highway, Vancouver International Airport, Port of Vancouver, and the border crossing. Surrey sits conveniently near many important transportation routes.
Let’s take a closer look at the reason behind Surrey’s success as the best city to invest in real estate.
Growing Number of Employment
With growing work opportunities and a government devoted to development, Surrey has advanced in investment opportunities and the growth of job openings in the city.
Surrey draws in new business, which also implies that the city plans to be North America’s next Metropolitan Center. Surrey intends to draw in investment, develop advancement, construct particular and aggressive business groups and create more jobs.
Developing Population
With a population of more than 500,000 that is estimated to develop and outperform Vancouver by 2041, it is no big surprise that Surrey tops the list.
Over the time of 2011 to 2016, the development rate of Surrey was 10.6 for every cent, about twofold the national and common midpoints. Surrey invites around 1,000 new occupants every month.
With respect to other Canadian urban communities, Surrey’s development holds its own. A standout among the most energetic urban communities in B.C., with a middle age of 38.7 and 33% of its populace younger than 19, Surrey’s is at an ideal level.
This empowers both financial and technological advancement, which additionally pulls in a more youthful statistic.
Surrey is a great city to invest in real estate.
