Terrace gains notice for Industrial/Residential and Commercial investment opportunity In 2024

The year ahead could be a big one for investment in the Northwest and a recent article in the Investment magazine Western Investor may help propel Terrace into the ranks of the successful when it comes to attracting investment in 2024.

The November 2nd edition of the magazine noted Terrace among the Top 5 towns for real estate investors, putting it among the ranks of Edmonton, South Delta, Saskatoon and Lethbridge as places where investors may find success with their investment money.

Terrace coming out of that list with an impressive Second place among the five.

For Terrace its proximity to the soon to come on line LNG Canada project is a key element for potential investors; with the Skeena City noted as the hub community for those working in Kitimat  when it comes to their shopping or accommodation needs. 

The opening of the LNG Canada project and the potential for additional development opening opportunities for retail and residential real estate.

With the population anticipated to double over the next five years and new services such as the under construction Mills memorial Hospital and expanded industrial land opportunities, Western Investor found one Vancouver real estate executive quite impressed with Terrace's future opportunities.

Of note from the article is the pace of housing construction in the city and how one 21 unit detached housing subdivision under construction continues to realize selling pries of 675,000 dollars. 

You can read up on the Terrace positives, as well as how the other communities on the list shape up here.

More notes on real estate in the Northwest can be reviewed here.