Sunday, 14 August 2011

The Surging Demand For Surrey BC Real Estate

By Surrey Knight


Surrey BC real estate has a lot to offer to discerning property buyers. Its numerous amenities and services provide investors affordable housing in a diverse environment. The buyer can opt to live near the beach, in the city centre or on a farm. The options are practically endless for those who want to relocate to the area.

The capital city of British Columbia, Vancouver, is only 45 minutes drive from the place. Its ideal location makes it one of the most sought after real estate in Canada. As a matter of fact, it has been named as the number one of the top investment places in residential investments in British Columbia.

The considerations utilized in judging the best investment place in BC include economic growth, cost of living, income levels, jobs available for the residents and population increase. Since the place ranked number one in terms of investments for two consecutive years, this means the residents and the companies operating in the place have full confidence in their choice of location. The use of Economic Investment Action Plan further fueled the developments in the city.

It is considered as the second most populous city in British Columbia next only to Vancouver with over 400,000 residents. Numerous people have moved to the place due to its thriving businesses and increasing residents. It is definitely one of the busiest places in Canada due to its numerous offerings such as enviable climate, awe inspiring sights, scenic settings and growing agricultural industry. This is the reason why the local residents and international investors prefer to relocate to the place.

The surging demand of Surrey BC real estate property have driven the prices of real estate higher. Investors who bought properties will be happy to know that the value of their properties will continue to grow. Old homes usually have up to a half acre of yard. New homes have smaller yards now due to the growing demand for the land.

The growth of the population attracted a number of businesses to the place such as manufacturing industries, universities, malls and other developments in the area. The city used to be a bedroom community for Vancouver, where people come home after working in the capital city. Presently, however, with the growing number of residents a huge number of businesses are already operating in the place thus, providing ample job opportunities to the residents.

The place is easily accessible to and from the US. It is linked to five important roads, docking for ships and four train tracks. This allows the city to have proximity to the local and international markets which is an important requirement for commercial activities.

Surrey is believed to overtake Vancouver when it comes to population growth. Since it posted the most rapid growth in Canada, it is expected that more investors and homeowners will move to the city. For those who bought properties, this is great news and shows a lot of promise for the Surrey BC real estate market.




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