Abbotsford ranks 4'th best for real estate investment in Canada

Abbotsford ranks number four on a list of top cities and towns in B.C. for real estate investment according to a report released by the Real Estate Investment Network.

The report, called Top British Columbia Investment Towns 2011, analyzes the current and future prospects for real estate investment opportunities in the province, and identifies the top regions that will outperform in the coming decade.

Abbotsford finished just behind Surrey, Maple Ridge/Pitt Meadows and Kamloops. Real Estate Investment Network's findings are based on analysis of the latest statistics, economic and social trends and reports from its research staff, along with statistics from Canadian Mortgage and Housing Corporation, Statistics Canada, Multiple Listing Service, Canadian Home Builders Association, regional real estate boards and more.

The study looked at several factors like:

Is the area’s population growing faster than the provincial average?

Are new infrastructures being built to handle that growth?

Is the area creating new jobs and taking steps to maintain current employment levels?

Will the city benefit from an economic or real estate ripple effect?

Has political leadership created an economic growth atmosphere?

Are there major transportation improvements in the works?