Maple Ridge, Pitt Meadows second best place to invest
It’s behind Surrey, but being in the No. 2 spot isn’t so bad.
The Maple Ridge-Pitt Meadows area is considered the second-best real estate market in B.C. and is expected to outperform the rest of the province over the next three to five years.
Until 2009, transportation challenges hampered growth, but with the completion of the Golden Ears Bridge and the new Pitt River Bridge, the population is expected to jump, said Don Campbell, president of the Real Estate Investment Network.
“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 network wrote the report, titled Top British Columbia Investment Towns 2011. It analyzes the current and future prospects for real estate investment opportunities, and identifies the top regions that will outperform in the coming decade, said a release.
The findings are based on research, analysis of the statistics, economic and social trends, and on-the-ground reports from research staff and members, along with reports and statistics from organizations such as Canadian Mortgage and Housing Corporation, Statistics Canada, Multiple Listing Service, the Canadian Home Builders Association, city and regional real estate boards, and local economic development offices.
The top towns ranked in the report are:
2. Maple Ridge and Pitt Meadows
5. Fort St. John
6. Dawson Creek
8. Comox Valley
10. Prince George