April 5, 2017

New Westminster Poised to Become Real Estate Hot Spot

Echoing the strong interest that we've seen in New Westminster over the past years, a recently released study touts the city as the next real estate hotspot.

According to a newly released Real Estate Investment Network (REIN) report, New Westminster is set to become one of British Columbia's top real estate destinations over the next decade.

As stated in Business in Vancouver, New Westminster is a desirable location for real estate, because of its location and transportation infrastructure; not only do commuters not need to cross any bridges or drive through any tunnels to get to most parts of the city, but it also has five SkyTrain stations and is close to the Trans Canada Highway.

"Homeowners and investors who have been paying close attention over the last few years have done very well to position themselves in this transportation hub city", says REIN senior analyst Don Campbell.

A number of factors are expected to increase New Westminster's appeal, including: labour force growth, in particular with large employers at or near The Brewery District, including Royal Columbian Hospital and Translink; major upgrades to RCH, Patullo Bridge and revitalizations to waterfront and the downtown area.

To read more in Business in Vancouver, click here.