Posted Jul 31, 2010, 3:44 PM
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Registered User
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Join Date: Jul 2008
Location: Surrey
Posts: 2,014
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Quote:
Surrey – Economic activity accelerated in Surrey during the first half of 2010 and residential housing continues to drive growth, according to the second quarter results presented to Council this week.
In the first six months of 2010, the value of new construction in Surrey jumped to over $610 million, with over $451 million coming from the residential sector. At this point last year, new construction value was at $285 million. There has been close to $6 million worth of building permits issued so far in 2010, compared to over $3 million during the same period last year.
“For two years in a row, Surrey has been ranked the best place in B.C. to invest and this year it ranked fourth on the list of top Canadian investment cities,” says Mayor Dianne Watts. “The City continues to move forward on a number of exciting projects and we are committed to balancing growth with sustainability as we implement our vision for Surrey.”
In the first half of 2010, the City collected over $1 million in planning application fees, more than double what was collected in the same quarters last year.
The City expects activity levels to taper off during the remainder of 2010 because of the HST and interest rate increases.
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http://www.surrey.ca/NR/exeres/533CE...MODE=Published
Quote:
Surrey
As the second largest city in British Columbia, Surrey has already experienced tremendous
growth. As the fastest growing city in Canada, Surrey is predicted to take Vancouver’s place
as the largest city in Canada in upcoming years. With two border crossings to the United
States, links to five major highways, deep sea docks, and four railways, it’s easy to see why. Surrey is a
prime location to do business, with access to local, national, and international markets.
When reviewing Surrey’s economic fundamentals, we see an area going through a positive transition.
Others have taken notice as well, as we see an increase in population and business opportunities. Surrey
has experienced tremendous growth and the trend looks to continue for many years to come.
There are many renters in the region, providing potential landlords with the ability to provide safe,
quality housing to a growing rental population. This is why it is important to examine this city on a
micro level and take the neighbourhood’s and even the street’s characteristics into consideration when
deciding where to purchase.
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http://www.realestateinvestingincana...ia-Release.pdf
i pretty sure they mean to over take Vancouver as most largest city in BC not Canada lol
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