Surrey named best city to invest in BC for fourth straight year

Surrey, BC – The Real Estate Investment Network (REIN) released its 2013 report of the ‘Top British Columbia Investment Towns’ today naming Surrey in the number one spot for the fourth consecutive year.

“As Surrey continues to grow into the region’s second metropolitan core, we are delighted to be named #1 again this year,” says City of Surrey Mayor Dianne Watts. “We are committed to fostering an environment for investment, innovation and high quality of life, while maintaining the lowest residential taxes in the region.”

The report looks at such factors as location, population, income, housing market trends, economics, infrastructure and political leadership to determine its list.

REIN cites its research methods to include analysis of latest statistics, economic and social trends, and on-the-ground reports from REIN’s research staff and members, including reports and information 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.

Surrey has been named in other Canadian top investment lists in recent years, including being listed as one of the top five real estate investment cities in Canada by Business Review Canada in 2012, and in 2011 being named the best place in Western Canada to invest in real estate by Western Investor Magazine.