The Real Estate Investment Network says Surrey's real estate market is set to outperform other regions in the province over the next three to five years.

Surrey’s real estate market hottest in the province over the next 3-5 years: Report

This city ranked number one out of hundreds of municipalities and towns in British Columbia, according to the Real Estate Investment Network.

Surrey has been rated the hottest market for housing investment in the province by the Real Estate Investment Network (REIN).

REIN, a leadingn real estate research organization in Canada, has released it’s latest report on the top cities and towns in B.C. for real estate investment.

Surrey took top spot.

The report titled Top British Columbia Investment Towns 2011, analyzes the current and future prospects for real estate investment opportunities across 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 REINs 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.

Anita Huberman, CEO of the Surrey Board of Trade is unsurprised by Surrey’s great performance.

“We’re doing everything we can to make sure Surrey is a great place to invest,” Huberman said Tuesday. “So, it does not come as a surprise.”

That said, she believes now is no time for complacency.

“I don’t think Surrey in its current economic climate has the ability or the time to rest on its laurels,” she said. “I think more needs to be done.”

The REIN report looks at such factors as:

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?

Don R. Campbell, president of REIN, states in the report, “As one of the fastest growing cities in the province, 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 B.C. in the next decade.”

Campbell went on to say, “Surrey will reap the benefits from the Gateway and TranLink 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.”

The top towns ranked in the report are:

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

Founded in 1993, 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

To order a copy of the complete Top British Columbia Investment Towns research report visit www.topbctowns.com

 

 

 

 

 

 

 

Surrey North Delta Leader

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Surrey Mounties seeking witnesses to Saturday shooting

Police say the victim isn’t providing investigators with information

B.C.’s virtual ‘SoundON’ concerts kick off with sounds of Surrey festival

‘FVDED Broadcast’ from nightclub on July 18, as charity event

South Surrey mom frustrated by city’s response after son, 10, has severe reaction to park grass 

City of Surrey parks manager says ‘potential steps’ to address concern under review

Surrey council approves $150 FOI fee for attendance requests at city facilities

This came before council’s meeting on Monday July 13

Surrey’s first Ethics Commissioner brings ‘objectivity’ to the job

Vancouver lawyer Reece Harding is Surrey’s first Ethics Commissioner, also a first for B.C.

Recent surge in COVID-19 cases not unexpected amid Phase Three of reopening: B.C.’s top doc

Keep circles small, wear masks and be aware of symptoms, Dr. Bonnie Henry says

Thousands of dollars of stolen rice traced to Langley warehouse

Police raid seizes $75,000 in ‘commercial scale’ theft case

UPDATE: Mission spray park closed after children suffer swollen eyes, burns

Mission RCMP are investigating incident that injured several children

B.C. NDP changing WorkSafeBC regulations to respond to COVID-19

Employers say reclassifying coronavirus could be ‘ruinous’

Baby raccoon rescued from 10-foot deep drainage pipe on Vancouver Island

‘Its cries were loud, pitiful and heartbreaking,’ Saanich animal control officer says

Statistical flaws led to B.C. wolf cull which didn’t save endangered caribou as estimated

Study finds statistical flaws in an influential 2019 report supporting a wolf cull

Windows broken, racist graffiti left on Okanagan home

Family says nothing like this has happened since they moved to Summerland in 1980s

19 times on 19th birthday: Langley teen goes from crutches to conquering Abby Grind

Kaden Van Buren started at midnight on Saturday. By 3 p.m. he had completed the trek 19 times.

Professional basketball in Canada begins return to action with COVID-19 testing

Abbotsford’s Fraser Valley Bandits, six other CEBL teams arrive in Ontario for Summer Series

Most Read