Check Out This Top 10 Cities List Before Real Estate Investing In Vancouver

Check Out This Top 10 Cities List Before Real Estate Investing In Vancouver

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The Top BC Investment Towns report list:
1. Surrey
2. Maple Ridge & Pitt Meadows
3. Abbotsford
4. Kamloops
5a. Dawson Creek
5b. Fort St. John
6. Kelowna
7. Comox Valley
8. Penticton
9. Vancouver
10. Prince George
11. Vernon

In the 2009 report, Top BC Investment Towns analyzes the current and future prospects for real estate investment opportunities in BC, and identifies the top regions that will outperform in the coming decade.

Again in August 8, 2010, City of Surrey is also listed in the top 10 Canadian cities for real estate investment*. The results are based on factors such as planned transportation improvements, or if the areas average income, population growth and job growth are increasing faster than the provincial average. Those top 10 cities are ones that will outperform the national average between 2010 and 2015.

So whats in it for Surrey to be elected the best place for real estate investment in BC, and also nation-wide?

When reviewing Surreys economic fundamentals, we see an area going through a positive transition. Others have taken notice as well, as we are witnessing an increase in population and business growth.

Surrey has experienced tremendous growth and the trend looks to continue for many years to come due to its location, relative affordability and transportation changes.

Because of the size and diversity of the city, it is impossible to lump the whole region into one category. However some neighbourhoods such as Surrey Central are far more viable for investing due to the proximity to transit, Kwantlen Polytechnic University, Simon Fraser University Surrey campus, and lower housing values.

There are some other neighborhood in Surrey, which from my point of view, even better than Surrey Central. For instance, the Clayton Heights area on the east side of Cloverdale. That area is newly developed within the past 4 years. Its 10 minutes drive from huge selection of shopping malls and big chain stores, like Walmart, Costco, Home Depot, BestBuy, Staples, The Brick, etc.

The housing price is different from neighbor to neighbor. Averagely a 900 square feet condo (or apartment) is valued at $220,000 to 290,000 depending on the age of the condo. Townhouse from $300,000 to $430,000 which also depends on house location and age.

Its important to note that real estate investors must perform detailed research on each towns specific fundamentals and neighbourhoods prior to investing.

*The report was released by The Real Estate Investment Network (REIN), Canadas leading real estate research, education, and consulting organization for the last 17 years.

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