![]() As we get closer to the completion of some large transportation improvements around the lower mainland I thought it would be a good idea to revisit the importance of these projects on the Real Estate of Maple Ridge. As governments move to address the infrastructure needs due to population growth they have a direct economical impact in the region that is often overlooked. Citing previous studies and similar projects The Gateway Effect report by the Real Estate Investment Network (REIN) takes an in-depth look at the numerous projects in Metro Vancouver and their effect on various regions.
REIN sees the new Golden Ears Bridge, Pitt River Bridge, Port Mann Bridge, South Fraser Perimeter Road and the Highway 1 expansion directly benefiting the growth of Maple Ridge over the next decade. With historically lower property values due to poor transportation infrastructures REIN says, "Maple Ridge and Pitt Meadows will be among the most accessible regions in the Lower Mainland; this will drive demand for both residential and commercial/industrial property as values rise". As these projects complete and more people see the benefits offered by Maple Ridge, demand and prices will increase.
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