Investment in the future

The fact Chilliwack has cracked the Top 10 list of investment-friendly cities in B.C. should come as no surprise.

At the risk of letting our pride show, last week’s announcement that Chilliwack has cracked the Top 10 list of investment-friendly cities in B.C. comes as no surprise. (See story, front page.)

What’s curious is that it took this long.

Economic stability, affordability, tax incentives, and a promising future all combined to rank Chilliwack eighth in the province, according to the Real Estate Investment Network, described as ‘Canada’s leading resource center for real estate investors’.

The city had been on the association’s radar before, but this is the first time it has cracked the Top 10.

It comes as economies are still clawing their way out of the fiscal morass spawned by the global economic meltdown of 2008.

Chilliwack was not immune, but it did fare better than most cities thanks to the health and vibrancy of its agriculture sector.

That, combined with thoughtful planning and a business friendly attitude, has helped Chilliwack continue to move forward while other cities sat stagnant.

Certainly more work needs to be done, particularly in the downtown where the pace of redevelopment is seen by many as glacial.

But as Chilliwack Mayor Sharon Gaetz points out, being named as one of the Top 10 cities for investment is something Chilliwack can build on. It’s the kind of independent endorsement that can get investors looking to Chilliwack as the city works to reshape its downtown core.

And there’s lots they will find. Aside from investment incentives downtown, there are also incentives for development in the city’s industrial properties.

Chilliwack’s retail landscape, meanwhile, continues to evolve, with substantial redevelopment taking place at Cottonwood Mall and the continued build-out at Eagle Landing.

Residential construction continues in several quarters. And the recently announced expansion of the agriculture department the UFV campus at Canada Education Park is further evidence of sustained growth in education.

What this means for Chilliwack is a more stable and diversified local economy.

And that’s something all of us have an investment in.

Just Posted

Chilliwack Chiefs erase three goal deficit in overtime win

Down 3-0 to the Cowichan Capitals, the Chiefs came back to win 4-3 in the BCHL Showcase match.

Chilliwack man feeling helpless about puppy stolen while at church

Evidence of neighbour trespassing and accusing him of dog neglect not enough for RCMP

UPDATE: Missing Chilliwack man has been found

Chilliwack RCMP is thanking the public for keeping an eye out

UPDATED: Chilliwack councillor’s expenses being sent to the RCMP

Decision to have expenses audited and shared with RCMP taken at special meeting of council

Risk of thunderstorm this afternoon for Vancouver Island and Lower Mainland

A special weather statement calls for heavy rain and wind over the next 48 hours

VIDEO: Neighbours fear impact of B.C. tent city residents

Greater Victoria residents opposed to campers voice concerns at provincial campground

B.C. premier apologizes for removal of 1950s totem pole at Canada-U.S. border

First Nations say pole was raised at Peace Arch but removed to make way for tourism centre

Tornado touches down in Ottawa and Gatineau, Que.

Environment Canada says cars and homes have been damaged by severe thunderstorms and high wind gusts

An unexpected sight: Bear spotted eating another bear in central B.C.

Cheslatta Carrier Nation Chief finds bear eating another bear’s carcass

Free vet clinic caters to pets of homeless, low income people

The first such clinic in Langley will take place later this month.

RCMP confirm death of missing BC teen Jessica Patrick

No details on cause were given. Case is under criminal investigation and police are asking for tips.

Extradition hearing set for Lower Mainland developer accused of fraud

Mark Chandler will go before the B.C. Court of Appeals early next year.

CUTENESS OVERLOAD: 2 sea otters hold hands at the Vancouver Aquarium

Holding hands is a common – and adorable – way for otters to stay safe in the water

B.C. teen with autism a talented guitarist

Farley Mifsud is gaining fans with every performance

Most Read