(Black Press files)

Lower Mainland cities top investment lineup: report

Should you buy and hold, rent to own, or fix to flip?

Eager investors might want to take a closer look at Surrey, Abbotsford and New Westminster, according to a report released Wednesday by the Langley-based Real Estate Investment Network.

The report looks at when cities are in a boom, slump and recovery phases, then recommends the best investment strategy: buy and hold, rent to own, and fix to flip. Investors should buy and hold when a city is recovering or nearing the end of its slump; rent to own when a city is beginning to recover, beginning of its boom phase and at the end of its slump; and fix and flip when a city is ending its recovery or starting its boom phase.

Surrey’s proximity to major transportation and trade routes, as well as a six-per-cent growth in businesses last year, pushed it to the top of the list, with the report recommending to fix and flip or rent to own.

Second is Abbotsford’s real estate market, which is still in the end stages of recovery. The report recommends buying and holding or fixing and flipping, over renting to own.

Third on the list is New Westminster, which is in the middle stages of recovery. The report recommended renting to own as optimal, but said buying and holding and fixing and flipping were still good options.

Outside of the Lower Mainland, Victoria and Kelowna both sit in the recovery stage, with the report recommending renting to own and buying and holding.

Here is the top 10 list:

  1. Surrey
  2. Abbotsford
  3. New Westminster
  4. Victoria
  5. Kamloops
  6. Kelowna
  7. Chilliwack
  8. Tri-Cities (Coquitlam, Port Coquitlam and Port Moody)
  9. Burnaby
  10. Vancouver

Just Posted

Duo robs Harrison Hot Springs gas station

Husky manager planning to tighten security

Snow prayers answered as Manning Park ski hill opens Friday

Ski hill will be open seven days a week starting Dec. 14, and cross-country trails as well

Fleeing driver picks fight with Chilliwack police dog, loses

Good dog ‘Griff’ also locates large quantity of what police believe to be crystal meth in Abbotsford

UPDATE: Heavy rainfall, strong winds in forecast for Lower Mainland

Heavy rains, snow expected till Friday morning

DFO confirms that investigation of fish habitat destruction in the Fraser River is underway

Conservation and Protection reps ordered Herrling and Carey Island owners to take corrective action

VIDEO: Sto:lo artist and UFV instructors create award-winning gingerbread house

Chilliwack team wins Vancouver competition with Coast Salish design, solid recipe and laser cuts

Swap food for fines at Fraser Valley Regional Library

From Dec. 14 through Jan. 22, library patrons can “pay” their fines while helping local food banks

Mike Duffy can’t sue Senate over suspension without pay, judge rules

Duffy’s lawsuit sought more than $7.8 million from the upper chamber

Surrey mayor says city won’t repay $56M spent on LRT, but might pony up $40M in land transfers

There will be no tax increase for Surrey residents resulting from this, McCallum confirms

Language on Sikh extremism in report will be reviewed, Goodale says

A public-safety ministry document indicats terrorist threats to Canada included a section on Sikh extremism for the first time

Questions raised over retailers who shame shoplifters with photos

Alleged theft from a sex shop in Newfoundland led to posts on social media

Media, robotics, Indigenous studies coming to B.C. Grade 12 classrooms in 2019-20

Provincial tests are also being changed for students in Grade 10 to 12, the Education Ministry said

VIDEO: Royals reveal the images on their Christmas cards

Prince William and his wife Kate are shown outside in casual clothes, their three young children in tow

ICBC to apply for 6.3% hike to basic insurance rates

Crown Corporation said it will be submitting its next basic rate application to the British Columbia Utilities Commission Friday

Most Read