Within the next decade Surrey will overtake Vancouver as B.C.’s largest city. Around 10,000 new residents move to Surrey each year, and the entire South Fraser region – which includes Langley and Abbotsford – is projected to absorb 70 per cent of the entire region’s population growth over the next 25 years.
South Surrey/White Rock is separated by farmland from the rest of the city, and is a focus for new single-family homes and townhouse construction!
In addition prices are on the rise in Vancouver and North shore as well, pushing more people in the valley and this is great news for investors. A smart move is to buy now, on the low end, and then hold for the boom! and my research can help ensure you buy at the right place at the right time.
BCREA is forecasting that every board will see considerable sales jumps in 2020, totalling a province-wide increase of nearly 11 per cent to 82,700 homes.
Now is a great time to take advantage of this!