HPI Changes between Vancouver, REBGV and FVREB

If there was ever a chart that shows migration of population out of the city to the Fraser Valley, this is it.  As affordable housing becomes scarce in the city, relatively cheaper condos in Fraser Valley has seen an explosion of price increase since 2014.  And while all other HPI's are taking a hit in Vancouver, Fraser Valley condos are still beating odds and rising in prices after a precipitous drop during the latter half of 2018.

Here is the data on the "missing middle."   Townhomes and other attached properties have seen roughly a similar movement of the HPI across Vancouver to Fraser Valley.   This means that the percentage gain of your property as a townhome homeowner regardless of whether you own one in Vancouver or in Langley has seen similar gains since 2014.

Vancouver townhome owner may have seen a larger gain leading to October 2016 but the gap has closed again to 2014 levels.