SURREY – Business Review Canada has named the City of Surrey one of the top five real estate investment cities in Canada.
In the newly released report, it states “Surrey is an emerging metropolis with a dynamic local economy. With over 6,000 acres of parkland and green spaces, and an array of bike lanes and trails sprinkled throughout the city, Surrey offers residents an arrestingly beautiful landscape with all of the amenities of a bustling city.”
The report considers factors such as market stability, housing prices, and future growth potential. It highlights Surrey’s strategic location, increasing business opportunities and population growth, and emphasizes the city is a prime location for local, national, and international business.
“I’m proud that national business and real estate organizations continue to recognize Surrey as having one of the strongest investment climates in the country,” says Mayor Dianne Watts. “We have worked hard to maintain one of the lowest tax rates in Canada, and we continue to cut red tape in order to ensure we foster a competitive environment for investment.”
In 2011, Western Investor Magazine named Surrey the best place in Western Canada to invest in real estate, and the Real Estate Investment Network has repeatedly named Surrey the best place in B.C. to invest, and also ranked the city fourth on the list of top Canadian investment cities.
“People have confidence in Surrey because we continue to diversify our economy, create new employment, reduce unnecessary regulations, and provide high-quality services to our businesses and residents,” says Councillor Marvin Hunt, Chair of the Investment and Innovation Committee.
The other cities on the list include Barrie, Ontario, Maple Ridge and Pitt Meadows, B.C., and Red Deer, Alberta.
