Did you know that Surrey has been named the B.C.’s top-rated city to invest in the real estate market? It is the second-fastest-growing and largest city that has the potential and diversity to lead the sphere in the real estate world and therefore, we indeed can say that it is not cooling off anytime soon.
So, people who are planning to invest in surrey townhouses can begin their search to find a perfect investment property.
Surrey secured second place by population and third place in the Metro Vancouver Region by land size, home to around 527,000 populaces. While initially, it was supported by agriculture, investors are, now, investing in tech industries and surrey townhouses as well.
It lies south of the Fraser River, separating it from New Westminster, Burnaby, Port Coquitlam, Maple Ridge, and Pitt Meadows, and neighbors Delta to the east and Langley Township to the West.
These cities are easy to access, followed by the 1A and TransCanada highways running through it via Expo SkyTrain Line.
Why Has Surrey Become One of The Top-Rated Investment Cities?
One of the biggest reasons why Surrey has become one of the top-rated cities to invest in is that it is the major Manufacturing center and supports many booming sectors. Clean technology, and easy to access industrial lands made it an innovative, sustainable, and vibrant community.
Some of the other major employers that helped surrey to grow as one of the biggest real estate markets are the creative economy & education, technology & health sciences, agri-innovation, and advanced manufacturing.
Apart from it, surrey also possesses the largest public school in B.C., with 21 public schools, more than 100 public elementary schools, and 2 university satellite campuses—the Kwantlen Polytechnic University and Simon Fraser University.
Surrey’s significant community, Whalley, is the primary site of this cultural & multiple performance art centers, the university campuses, and city hall. This beautiful city also swarms numerous festivals including the most famous WinterFest which marked a crowd of more than 120,000 individuals in February.
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Aren’t those reasons validating the hype of real estate investment in Surrey? Locals, here, often love to enjoy surreal views of beaches and mountains to release the stress of workdays.
So, if you’re already convinced to invest in Surrey Townhouses, then “great decision” or if you’re still having second thoughts, read on the benefits of investing in surrey real estate.
1. Numerous Pre-Sale Options Are Upcoming
Every year, over 10 thousand new populaces are being added to surrey. The demand for residential properties is quite high here and real estate investors and builders know it.
So, considering this high demand, developers have already started developing properties, therefore, multiple pre-sale options are on their way. So, subscribe to your favorite realtor’s newsletter to keep yourself updated.
2. Endless Job Opportunities
We have mentioned this early this city is hugely supported by tech and infrastructure industries; thus, endless job opportunities are available here. Apart from it, surrey has recently welcomed plenty of commercial projects and the 2 biggest shopping centers that will enhance the employment rate for new residents.
Surrey is also home to multiple renowned companies in the Lower Mainland, such as BC Children’s Hospital and Telus. With the fastest-growing job market, the demand for housing is also surging and making this city more reliable.
3. Education Hub
Surrey has already become one of the renowned cities for international and local students who are seeking top-notch educational institutes.
Besides, UBC’s 6.13-acre purchase at Fraser Highway and King George Boulevard of around $70 million would increase areas for professionals and families to set roots.
Sudden exponential population growth indicates that there would be huge traffic in the upcoming years in Vancouver, thus, it is the best bet to invest in a townhouse now.
Surrey is, definitely, is on the right path to becoming the largest innovative city in Canada in the coming 10 years. This means, that investing in its real estate is going to be a big deal soon.
4. Convenience
When it comes to investment property, a townhouse, located in the city of Surrey is the best to ensure the finest revenue on the property. It could be the ideal choice for investors and families as well.
Favorable aspects include a short distance from and to employment centers, healthcare facilities, and educational institutions, as well as numerous tech upgradations made it possible for surrey to become the best city to invest in the real estate market.
5. Growing Population
Surrey is growing exponentially every year. As per the statistics of Canada, Southwestern B.C.’s population including surrey has been increasing by leaps and bounds by over 2% for the last decades every year. So, this is a good sign that surrey is the right city to invest in.
Upshot
We have no doubts at all that surrey is the best city for real estate investment in Canada. The market is, absolutely, not going off anytime soon and has endless potential to grow in the tech and innovation industries.
If you’re planning to invest in real estate, then begin with surrey to generate bigger and better revenue in no time. From educational institutes, medical facilities, and employment hubs to entertainment centers, this magical city house everything to support a luxurious life for people.
