Kamloops, Coquitlam head list of top towns for property investors

The five top centres in Western Canada that hold the most potential for real estate returns through 2017, according to Western Investor

1. Kamloops

B.C.’s fifth-biggest city is poised for an economic breakout year in 2017. With a diversified economy, relative proximity to Metro Vancouver and world-class skiing, lakes and golf, is it also a central transportation hub with three regional highways and two rail lines. House prices are lower than the Canadian average and about a third of those in the Lower Mainland. The Kamloops rental vacancy rate is tightening, yet investment condominiums can be found for less than $200,000. For aspiring developers, a newly opened 250-acre site surrounding Thompson Rivers University (TRU) in Kamloops is the largest such opportunity in the region. The TRU’s Reach project has 90 acres for sale, including sites for three million square feet of residential. The Thompson Rivers University Community Trust is leading the sale of the land.

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