According to a new survey released yesterday, despite the recession, there are still some communities in BC, which have the fundamentals in place for future growth.
The survey by the Real Estate Investment Network, puts Surrey at the top of its best place to-invest-list, based on its rapid growth, higher renter population and, easy access to transportation corridors.
Outside the metro Vancouver area, Kamloops is the topped ranked community, in fourth place, followed by Fort St. John and Dawson Creek, which share fifth place.
The trademark-protected organization, headed by real estate consultant Don Campbell says, Dawson Creek’s fundamentals are its proximity to Alberta and South Peace natural gas resources.
It doesn’t say anything about Fort St. John, that hasn’t been said many times before…noting, oil and gas will drive growth as long as prices remain profitable but energy price cycles will put pressure on housing.
The survey expects the recession to last until the middle of next year but it also says it will provide an excellent buying opportunity for property owners, who focus their research on the key economic regions of the province.