Maple Ridge Is No Longer Hiding Under The Radar – Mayor Ernie Daykin Proclaims It Loud
Maple Ridge Is No Longer Hiding Under The Radar – Mayor Ernie Daykin Proclaims It Loud

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THE GEORGIA STRAIGHT – by Charlie Smith

The mayor of Maple Ridge, Ernie Daykin, isn’t shy about talking up his community, which lies at the northeastern edge of the Lower Mainland past Port Coquitlam and Pitt Meadows. Not surprisingly, the real estate is less expensive there.

According to the Real Estate Board of Greater Vancouver, the benchmark price for a detached house in Maple Ridge was $464,125 last month. That’s compared to $795,025 across the entire area served by the REBGV and nearly $1.6 million on the West Side of Vancouver.

In a recent phone interview with the Georgia Straight, Daykin said a person can still find a single-family dwelling built in the 1950s or 1960s—a “fixer-upper” is his term—for less than $400,000. He knows this because his daughter and son-in-law paid $365,000 for a 1,350-square-foot home on an 8,000-square-foot lot. “We gutted it—new kitchen, new mouldings, new doors,” Daykin said.

According to Langley-based real-estate researcher Don R. Campbell, Maple Ridge is one of the best places in Canada to invest in property. Campbell, president of the Real Estate Investment Network, is not an agent and professes to provide “independent research”. Last month, he ranked Maple Ridge as the fifth-best city in Canada to invest in real estate over the next five years. (Calgary ranked first, followed by Kitchener-Waterloo-Cambridge and Edmonton. Surrey was the only other B.C. community in the top 10, ranking fourth.)

Campbell told the Straight by phone that Maple Ridge housing prices are more affordable than in most other parts of the region. However in the past, demand for real estate was lower because of its relative isolation.

“Even just a year ago, it was one of the most difficult cities to get to in the Lower Mainland,” Campbell said.

Maple Ridge Is No Longer Hiding Under The Radar – Mayor Ernie Daykin Proclaims It Loud was last modified: July 8th, 2010 by maddy
 

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