Tri-Cities high on list of region?s real estate investment hot spots

Tuesday, April 24th, 2018

Where to buy real estate in Greater Vancouver 2018

Joannah Connolly

Its latest rankings of the top 25 Lower Mainland neighbourhoods to invest in residential real estate include six neighbourhoods in Port Coquitlam, three in the top 10 and one of them, Birchland Manor, ranked at #2. Port Moody had two neighbourhoods in the list, both ranked in the top 10.

There were also six neighbourhoods on the list in New Westminster, with Uptown New West topping the chart overall, and four in Langley. Mission also had two neighbourhoods on the list, both ranked in the top 10.

The ranking assesses a combination of value for money, market momentum and average investment grade from local realtors.

MoneySense said of Birchland Manor’s #2 spot: “To rise from the No. 89 spot in 2017, to the No. 2 spot in the Where to Buy Now in Vancouver for 2018 rankings, is an astounding achievement. But ask anyone in this Port Coquitlam neighbourhood if they are surprised and you’ll probably just get a smile and a small shake of the head.”

MoneySense reported that Uptown New West came in highest overall because of a combination of factors, including its sub-$1 million average home price. The report said, “The overwhelming consensus by realtors who specialize in this community is that Uptown New West is inner-city life without inner-city Vancouver prices.”

Check out the full ranking below – and to see the interactive chart, which can be sorted individually by value for money, momentum and realtor grade, click here.

Value: Measures how affordable the neighbourhood is compared to the surrounding area and the region overall

Momentum: Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

Realtor grade: How realtors surveyed rate this neighbourhood

For more information, see complete methodology

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