Surrey is the hottest market for housing investment in British Columbia, according to a rating by Real Estate Investment Network.
REIN, a leading real estate research organization, ranked Maple Ridge/Pitt Meadows No. 2, with Kamloops holding the third spot.
Vancouver was ranked No. 11, after No. 10 Prince George.
REIN said its report, Top British Columbia Investment Towns 2011, looks at the prospects for real estate investment opportunities across the province, and identifies the top regions that will outperform in the coming decade.
REIN said in a news release that 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 the area 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?
The top towns ranked in the report are:
No. 1: Surrey
No. 2: Maple Ridge and Pitt Meadows
No. 3: Kamloops
No. 4: Abbotsford
No. 5: Fort St. John
No. 6: Dawson Creek
No. 7: Kelowna
No. 8: Comox Valley
No. 9: Penticton
No. 10: Prince George
No. 11: Vancouver
Source: The Vancouver Sun