Earlier this year, the Real Estate Investment Network (REIN) named Pitt Meadows the number two investment town (tied with Maple Ridge) in all of BC.
The reasons for this include the completion of the Golden Ears Bridge, which is the first direct connection between Pitt Meadows and 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,” REIN stated in July 2013.
Pitt Meadows also saw its population grow 13.5 per cent from 2006 to 2011, well above the provincial average of seven per cent growth during the same 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,” REIN points out.
Don R. Campbell, senior REIN analyst and one of the report authors notes that in the past Pitt Meadows and Maple Ridge have been hampered by poor transportation infrastructure, which has detracted people from moving to the area and keeping real estate prices low. But that has changed.
“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,” Campbell said.
“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.”
So keep that in mind, dear homebuyers and real estate investors, when you read up on Liv42 Condos — a collection of 42 homes priced from $129,900 that include nine to 10-foot ceilings, engineered wood flooring, granite counters, high-end Whirpool appliances, soaker bathtubs, semi-frameless glass showers, undermount sinks, and more.
Want to learn more? Visit the Liv42 sales centre at 12147 Harris Road in Pitt Meadows, open from 12pm to 5pm Thursday through Saturday.
For more information call 604 460 6601, email email@example.com or visit their website here.