City of Hope – A Press Release

City experiencing healthy oppotunities

Hope and outlying areas are experiencing a healthy real estate market, new innovative planning initiatives, new recreational trail development in our tourism sector, and growing interest in mining opportunities.

In real estate, 57 residential properties with an average selling price of $228,144.40 sold in the Hope area in the first half of 2011, compared to 42 residential properties with an average selling price of $259,473.81 in the first half of 2010 (provided by Andy Tepasse from Nyda Realty in Hope).

Building activity (all sectors) for Q1 is valued at $2,959,800 compared to $1,420,500 for Q1 2010. The bulk of the rise is due to commercial renovations; however residential renovations in 2011 are over double that of 2010 indicating strong local growth.

The District of Hope has embarked on a zoning bylaw review process, with the intent of modernizing and updating the current zoning bylaw to better serve citizens, businesses, and investors. Advantage Hope, as the economic development agency in Hope, is active in this process. Greater density options, provision for green technology and development, and expanded cottage industry and home occupation uses for Country Residential zones are all being strongly considered.

Hope’s trail inventory continues to grow with increasing recreational demand from Metro Vancouver consumers looking for alternatives to busy venues such as Whistler and Grouse Mountain. Local governments and local non-profits work closely together to ensure an interconnected trail network consisting of routes suitable for all ability levels. One new trail deserves particular attention: the new HBC (1849) trail was completed in 2010 and is an exciting day or multiday hike with stunning views and historic significance likely to rival the popularity of the West Coast Trail in the future.

Mining has historically been a strong sector in the area, and recent commodity prices have precipitated revived interest in existing mines and known mineral deposits. Advantage Hope maintains strong relationships with mining interests in the region, and looks forward to facilitating the development of these resources in our area.

Investors are attracted to the Hope area by quick and traffic-free access to 4 major highways, proximity to the Metro Vancouver market and the US border, available land at an affordable price, and quality recreational amenities.

Tyler Mattheis is Executive Director of Advantage Hope, Hope’s Economic Development Agency. Interested in business or development opportunities in the Hope area? Contact Advantage Hope: (604) 860 0930 or info@advantagehope.ca.

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