Maple Ridge and Pitt Meadows’ real estate market set to outperform other regions of the province over the next 3 – 5 years
Vancouver, Nov. 8/11 — The Real Estate Investment Network (REIN™), Canada’s leading real estate research organization has just released its latest report on the top cities and towns in British Columbia for real estate investment. Out of the hundreds of cities and towns Maple Ridge and Pitt Meadows ranked #2.
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 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 Maple Ridge and Pitt Meadows 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, “This region has been hampered by poor transportation infrastructure for decades. Thus, property values have been historically lower than other areas located the same distance from the Central Business District. With two major transportation projects completed in the region in 2009 (the Golden Ears Bridge and Pitt Meadows Bridge), the cities are expecting major population growth in coming years.”
“In fact, the addition of the Golden Ears Bridge crossing over the Fraser River is expected to draw 20,000 to 25,000 people to the Metro Vancouver region, of which almost 50% are expected to make their homes in Pitt Meadows and Maple Ridge. This new accessibility will bring a strong and consistent growth to the region, not just in residents but also in companies relocating to a lower cost region. The region’s increased accessibility will begin to put an upward pressure on property prices and rents.”
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
ABOUT (REIN™)
Founded in 1993, the Real Estate Investment Network™ (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
ABOUT DON CAMPBELL
Don R. Campbell is a Canadian-based real estate investor, researcher, author and educator. He is president of the Real Estate Investment Network™ (REIN), and Cutting Edge Research Inc.
His seminars and real estate presentations have been attended by thousands of investors across North America. Don is the author of the national bestseller Real Estate Investing in Canada and Secrets of the Canadian Real Estate Cycle.
To book an interview with Don Campbell to discuss Maple Ridge and Pitt Meadows real estate market and where it is heading, please contact Pat Cairns at 905 569-0002 or [email protected]
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