As the westernmost province, British Columbia serves as Canada’s “Gateway to the Pacific Rim”, with Vancouver as the country’s biggest and busiest port.
Many people from outside of British Columbia are investing in BC. However, the complicated structure of the system can be frustrating. There are several listing systems for residential and several for commercial throughout BC. On top of this, the vast majority of Commercial Properties are listed exclusively with individual commercial companies and don’t appear on any Multiple Listing System. At Maude, MacKay & Co., we can cut through the confusion to best serve our client’s needs and find the right investment property BC.
The province has a wealth of natural resources, ranging from timber, to minerals, to fish and agricultural products. It is also a major producer of Hydroelectricity, resulting in low power costs. The port is a funnel for goods from the Canadian hinterland and from a range of Pacific Rim economies.
Hemmed in by mountains to the north and east, the US border to the south, and the ocean to the west, Greater Vancouver is constrained in land supply. This results in higher than average land costs and occupancy rates. The metropolitan area of Vancouver has a population of almost 2.5 million and a diversified economy reflecting a diversified population. Recent years have shown strong growth in the tourism, high tech, and service industries, reflecting a balanced economy when combined with the traditional resource sector. Its stable economy and political environment rate it near the top for many analyses of safe places in the world to invest.
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