5 Reasons to Invest in Burnaby Real Estate

If you are looking for a great place to live, learn, work, and play, set your sights on Burnaby.

As the third-largest city in British Columbia, Burnaby has developed into a thriving urban centre. The once-rural town evolved into a diverse, multicultural hub with a large chunk of its population originating from Africa, China, India, Japan, Korea, and Southeast Asia.

Its cultural, economic, and social diversity is a significant reason why people flock to buy real estate in the city. Burnaby is the perfect place for people of all genders, ages, occupations, and interests. Whether you’re single, starting a family, or an empty-nester, investing in Burnaby real estate would be an excellent move.

Hailed as the “Best Run City” by Maclean’s Magazine in 2009, Burnaby remains a fantastic place to live in. If you are looking to invest in real estate property, you may seriously consider this sustainable and vibrant community.

Here are other reasons why:

Robust Economy and Quality of Life
Burnaby is a great place to live in because of its low crime rate, outstanding health care system, and good quality of life.

While Information Technology (IT) is its primary economic driver, commercial firms, industrial corporations, and oil refineries also contribute to the local economy. Film production studios have also set up shop in the city.

The cost of living in Burnaby is also relatively low compared to Vancouver.

Excellent Educational System
Burnaby also presents fantastic learning opportunities. It has 41 elementary and eight secondary schools that offer a comprehensive educational program from kindergarten to Grade 12. These programs include both English and French immersion and over 200 locally and provincially developed educational programs and services.

Burnaby is also home to two major post-secondary educational institutions — Simon Fraser University (SFU) and The British Columbia Institute of Technology (BCIT). A lot of international students also come over to pursue academic and experiential courses in Burnaby.

Amazing Commuting Networks
Getting around Burnaby is comfortable with its remarkable commuting networks and transportation services. Its commitment to public transportation innovation was recognized by being a recipient of the Intelligent Transportation Systems Project Award in 2011.

Located in the geographical centre of Greater Vancouver, it only takes 25 minutes to drive into downtown Vancouver. Skytrain stations are strategically spread across the city to make it easier for residents and guests to commute within Burnaby or cross to Coquitlam, downtown Vancouver, New Westminster, Richmond, or Surrey.

Numerous Shopping and Recreational Facilities
Investing in Burnaby real estate property is made even more appealing with all retail and recreational facilities around. Its multicultural demography makes it a perfect place for experiencing global cuisine, as evidenced by various cafes and restaurants in the city.

Shoppers will undoubtedly revel in Burnaby’s shopping malls, including British Columbia’s largest mall (and Canada’s second-largest) – the Metropolis at Metrotown. Art, cultural, and sports centres are also scattered around the area, such as the Burnaby Art Gallery, Burnaby Village Museum, Kensington Complex, National Nikkei Cultural Centre, and Shadbolt Centre, to name a few.

Those aged 55 and above can also take advantage of the four senior centres in Burnaby.

Loads of Greenspace and Parks
With 25% of the land designated as parks and open spaces, Burnaby is a haven for nature enthusiasts. Outdoor activities abound, such as boating, biking, golf, and other health and fitness activities. Picnics and concerts in the park can also be enjoyed, especially during summer.

Popular outdoor areas are Deer Park Lake, Burnaby’s Farmer’s Market, Burnaby Mountain Golf Course, Metro Skate Park, and Swanguard Stadium. For young families, Burnaby offers the best of both worlds, with outdoor activities and world-class metropolitan amenities in abundance.

Reach out to us at HofVan real estate group to learn more about Burnaby!