These days radio and television are filled with stories of the downturn in the United States Real Estate Markets and many think that this crisis will tumble across the border into Canada. There may be market corrections in some pockets of Canada, particularly in the East and in higher end, over priced homes but what will happen in a community like Maple Ridge?
With two major Bridge construction projects curently being undertaken, The New High Level Pitt River Bridge linking Maple Ridge & Pitt Meadows to Port Coquitlam and the Golden Ears Bridge linking Maple Ridge & Pitt Meadows to Langley, the future looks brighter here than almost anywhere else in North America. With quick access to the South towards the US Border and allowing residents to access the southern communities without having to cross two bridges, and needless to say the Pitt River bottleneck being eliminated to the West Maple Ridge is poised to grow in all areas, Residential, Commercial & Industrial. With all this construction completing in the Fall of 2009 and the the continuation of low interest rates to prop up the United States and Eastern Canadian Economies there is unlikely to be any loss of value in the Maple Ridge Pitt Meadows region any time soon, because as you see Real Estate is a local phenomenon.
So if you are sitting on the shelf waiting for lower prices in this region, you may be sitting a long time.
Scott Leaf - Keller Williams Elite Realty
Real Estate Board of Greater Vancouver
Medallion Presidents Club 2014 Top 1% Homes Sold
Top 100 Realtor Homes Sold 2015-2017
Medallion Club 2010-2017
Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge, Langley, River Springs and surrounding areas Realtor