Sur­rey tops list of best place to in­vest in real es­tate in BC

The Miracle - - Local - By: Oliver Lum Me­dia in­quiries:

Sur­rey - A new re­port re­leased to­day ranks Sur­rey as the best place for real es­tate in­vest­ment in Bri­tish Columbia. The re­port en­ti­tled Top 10 Towns and Cities – Bri­tish Columbia, is pro­duced by the Real Es­tate In­vest­ment Net­work (REIN) an in­de­pen­dent re­search and anal­y­sis firm that has been pro­duc­ing re­ports on hous­ing mar­kets across Canada for 25 years. “I am pleased that Sur­rey takes the top spot, but I am also not sur­prised when you fac­tor in Sur­rey’s planned growth and close prox­im­ity to criti- cal trade and trans­porta­tion routes,” said Mayor Linda Hep­ner. “As a City Coun­cil, we have worked hard to cre­ate a busi­ness friendly cli­mate that will at­tract a di­verse econ­omy, while balanc­ing the de­mand for a broad spec­trum of vi­able hous­ing op­tions for our res­i­dents.” The study looks at 36 eco­nomic and mar­ket fac­tors, and iden­ti­fies B.C. real es­tate mar­kets that are best po­si­tioned to out­per­form over the next five years. B.C. cities ranked in or­der of po­ten­tial for hous­ing mar­ket strength over the com­ing five-year pe­riod:

1.Sur­rey 2.Ab­bots­ford 3.New West­min­ster 4.Vic­to­ria 5.Kam­loops 6.Kelowna 7.Chilli­wack 8.The Tri-Cities of Co­quit­lam,

Port Co­quit­lam and Port Moody 9.Burn­aby 10.Van­cou­ver

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