Transportation Report Reveals Areas to Watch in Metro Vancouver, BC
Nov 03, 2018, 21:00 ET
All-new Transportation Formula guides homebuyers and investors to identify regions of expected growth, while the Transportation Effect shows where and what to buy - right down to the metre and property type, for dramatic property value and rent premiums
VANCOUVER, Nov. 3, 2018 /CNW/ - The Real Estate Intelligence Network (REIN) has created a proprietary, breakthrough transportation formula, which it has published for the first time in its Transportation Effect Report for Vancouver, BC. This seminal report is the output of robust data and keen analysis compiled by REIN, Canada's venerable and most trusted source of real estate education for 26 years.
Building and maintaining infrastructure is critical to the economy of a city. Transportation impacts business development, housing starts and neighbourhoods in transition, community growth, and quality of life for commuters. The Transportation Effect Report is regarded by investors as critical and unbiased information about current and future property values and rents. "At a regional level, we are thrilled to publish REIN's all-new Transportation Formula, which guides investors and homebuyers to clearly identify areas of future real estate growth," says Jennifer Hunt, Vice-President of Research, REIN.
Applying REIN's Transportation Effect Formula, the report drills into specific neighbourhoods and even down to the metre. In Vancouver, the report shows very positive signs of growth, primarily around new Light Rail Transit (LRT) that is about to break ground in Metro Vancouver. Readers will learn which neighbourhoods to watch, like South Main, Mt. Pleasant, South Granville, Arbutus Ridge, Guilford, Surrey City Centre, and Newton, and what types of real estate warrant serious consideration and what types are best to avoid within set distances to transportation access points. For example, REIN's Transportation Effect shows that:
- residential properties decrease in value within 274m of a train station;
- multi-family apartment buildings yield between 27 to 99 per cent increases in value within 1600m of a train station
The Report addresses several key issues, including:
- Why transportation is a critical factor in real estate investing;
- What properties to buy and avoid given proximity to train stations;
- Where current projects are funded and about to break ground in Metro Vancouver, and what future projects are approved or at the concept phase; and
- Analysis of the projects and where and when an investor might be advised to take action.
Don R. Campbell, Senior Real Estate Analyst for REIN, says, "Strategic Investors make decisions based on many key factors, and transportation changes rank near the top. Areas receiving transportation upgrades or new infrastructure are clear signals that the areas newly serviced are areas to be watched. For most people, buying a house is the largest investment they will make in their lifetime, and our transportation reports will help them make a strategically right decision."
Since the publication of REIN's first breakthrough transportation reports in 2009, REIN continues to research and study current and proposed transportation projects across Canada and publish studies on their impact on residential, multi-family and commercial properties.
About the Real Estate Intelligence Network
REIN was founded in 1992. It is Canada's most trusted source of real estate investment education, analysis, research and strategic leadership. It offers a platform and environment where its clients have transacted more than 39,300 properties, representing more than $5.1 billion of real estate holdings.
REIN delivers balanced and impartial research and economic insights integrated with relevant analysis. It brings critical information, opinions of industry thought leaders, and proven strategies of success together in a way that homebuyers and investors can use to make the right decisions on where, when, and why to invest in real estate.
REIN sees a bright future for the Canadian real estate marketplace. Its clients, armed with current and insightful research, and provided with strategic guidance and help from an exceptional like-minded community, are set to continue to thrive and achieve their personal investment goals.
For more information:
Report when released (public link): http://cdn3.reincanada.com/ACRE/ACRE%202018/Vancouver-ACRE-2018/Metro-Vancouver-Transportation-Effect-Report-2018-FINAL.pdf
SOURCE Real Estate Investment Network Ltd.
For further information: Media contact: Jennifer Hunt, Vice President Research, Real Estate Investment Network, [email protected], 604.449.6034