This section of the website will be routinely updated with new information from the economic development side of Pitt Meadows.
For the second year in a row, Maple Ridge and Pitt Meadows have ranked second on the Top British Columbia Investment Towns report by The Real Estate Investment Network (REIN)!
See the media release below for details. If you have any questions or comments, please contact our office at 604-465-9481.
FOR IMMEDIATE RELEASE
July 25th Langley, BC - The Real Estate Investment Network (REIN) released the 2013 edition of its Top British Columbia Investment Towns report today. The 110-page report analyzes the current and future prospects for real estate investment opportunities in the province over the next decade and has ranked Maple Ridge and Pitt Meadows as top investment communities in BC. This marks the third consecutive year that Maple Ridge and Pitt Meadows have ranked second on the list of top investment communities in the province by REIN. The entire report is available for download free of charge on the company's website at www.topbctowns.com.
With approximately 65% of Maple Ridge residents currently commuting to other regions for work, REIN believes no area in British Columbia will be impacted more significantly by the completion of Gateway Program. In 2009, the new Golden Ears Bridge officially opened to traffic. The 6-lane bridge is the first direct route from the communities of Maple Ridge and Pitt Meadows to Langley and Surrey. The transportation improvement has finally provided Maple Ridge and Pitt Meadows with a direct link to Highway 1 and has reduced the time it takes to travel to Vancouver and the surrounding region.
The population of both communities is already beginning to experience rapid growth. Between 2006 and 2011, the District of Maple Ridge recorded a population of growth of 10.3% while Pitt Meadows witnessed a population increase of 13.5%, both significantly above the provincial average of 7% during the same time period. The region’s affordability in conjunction with the new transportation changes will drive even more residents into the areas in the near future, which will of also drive up property values and rents.
“Both communities have been hampered by poor transportation infrastructure for decades, detracting people from moving to the area and keeping real estate prices low,” said Don R. Campbell, one of the report authors and Senior Analyst at REIN. “The completion of the Golden Ears Bridge between Langley and Maple Ridge in 2009 and the opening of the new Port Mann Bridge in 2012 has brought the one-time sleepy Fraser Valley farming communities closer to Vancouver. Real estate prices remain relatively low…for now. As more people begin to realize what these two growing communities have to offer, demand will increase and prices will rise. Savvy real estate investors have begun to see the long-term growth potential of both communities.”
The top BC communities in REIN’s rankings are:
1) Surrey 2) Maple Ridge 3) Fort St. John 4) Dawson Creek 5) Kamloops 6) Abbotsford 7) Kelowna 8) Chilliwack 9) Prince George 10) Langley
About the Top British Columbia Investment Towns report
The Top British Columbia Investment Towns report was first published in 2009 in response to growing demand from investors to know the province’s best locations for cash flowing properties. The report is released every second year and provides investors with comprehensive information on which areas of the province will outperform over the next decade. The communities listed in REIN’s report have been ranked according to their long-term investment potential, not short-term speculative market runs. Many sources are consulted in order to provide real estate investors with the most comprehensive information, including Canadian Mortgage and Housing Corporation, Multiple Listing Service (MLS), Statistics Canada, Regional Real Estate Boards, and local economic development offices. Additionally, real estate investors and REALTORS© who were well acquainted with particular cities and towns were consulted to provide ‘real time’ and ‘on the street’ experiences. The entire report is available for download free of charge on the company’s website at www.topbctowns.com.
About The Real Estate Investment Network Ltd.
Founded in 1993, The Real Estate Investment Network Ltd. (REIN) has grown over the years to become Canada’s leading real estate research and education organization for investors and homeowners across North America. REIN does not sell or market real estate to its members or the general public, but instead conducts objective and unbiased research, analysis and investor education. For further information on REIN, visit www.reincanada.com.
We are excited to share this contest and summer promotion from our partners at Tourism Maple Ridge and Pitt Meadows. Please visit www.mapleridgeweekends.com to download your bucket list!
ENJOY A "STAY-CATION" IN MAPLE RIDGE AND PITT MEADOWS
THIS SUMMER AND WIN GREAT PRIZES!
Maple Ridge, BC - July 18, 2013
If you’re looking for fun and exciting events and activities this summer, look no further than your own backyard. Maple Ridge and Pitt Meadows have definitely come alive this summer, with so many festivals and attractions to enjoy. Whether you’re having an adventure with the kids at Wild Play Element Park, dancing to Music on the Wharf or taking out of town guests to enjoy the scenery at Golden Ears, Tourism Maple Ridge and Pitt Meadows encourages you to explore all the amazing things the area has to offer.
Throughout the summer, they’ll be providing Bucket Lists online, highlighting the best the region has to offer. From sumptuous dinners hosted by the Golden Ears Cheesecrafters to the entertaining Tomato Toss at the Haney Farmers’ Market, there is truly something for everyone. Best of all, enjoy a stay-cation in Maple Ridge and Pitt Meadows and you could be eligible to win fantastic prizes all summer long.
Simply download a Bucket List from the Tourism Maple Ridge and Pitt Meadows website and bring it along as you check out the events and activities included on it. At participating locations, you’ll get a stamp (with purchase) that earns you an entry into the contest. Following the Tourism office on Twitter and tweeting or emailing them a photo or anecdote about summer fun in Maple Ridge and Pitt Meadows can also earn additional entries.
The summer Bucket Lists are sponsored in part by a wide range of local businesses and organizations, including: the Maple Ridge Downtown Business Improvement Association, Maple Ridge Strategic Economic Development, Pitt Meadows Economic Development, Heather Hills Golf, Golden Ears Cheesecrafters, Osprey Village, Wild Play Element Park, the Haney Farmers’ Market, Hopcott Meats, Meadows Maze, The ACT and Stomping Grounds Coffee House. They’ve joined forces out of love for the community and belief that there are so many fabulous attractions in the area for residents and visitors to enjoy.
For more information about the Tourism Maple Ridge and Pitt Meadows Bucket List Contest, contact Kristina Gervais at 604-460-8300 or Kristina@tmrpm.com.