These are the 10 hottest BC cities for real estate investors

A new report has identified the 10 cities in British Columbia which are set to outperform their peers for real estate investment over the next 5 years.

The analysis by the Real Estate Investment Network considers 36 economic factors in making its assessment of the best markets for investors – and whether now is a good time to buy or sell.

Topping the list is Surrey, which is not only the second largest city in the province but also the fastest growing with the diversity and strength to lead potential for the province’s investors.

Vancouver is in the list but at number 10 behind markets including Victoria, Kelowna and Chilliwack.

"British Columbia's entering a new era of real estate opportunities and challenges,” says REIN's Senior Analyst Don R. Campbell. “While most think the Lower Mainland's housing market is priced 'out of this world' – limited supply and increasing demand continue to drive this market. Affordability is creating challenging hurdles for many buyers to overcome.”

The entire top 10 comprises:

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

"While most think these cities are in the "boom" phase of the cycle, many possibilities exist in areas where the upside of rising markets remain. These areas provide opportunity for those who know the right investment strategies and tactics to use at the right time."

Fort St. John, Dawson Creek, The Township of Langley, Mission and Maple Ridge also get a mention for potential.