Surrey rated B.C.’s hottest housing investment market

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

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