Why Investing in Fraser Valley Real Estate is a Good Idea?

Review the last table of this article. You will see how much real estate value has appreciated only in one year in fraser valley.

Lower mainland is the common name used for the region surrounding Vancouver and area in British Columbia. The total population of all the lower mainland communities is close to 2400000. (2.4 million)

Lower mainland has two regional districts
  1. Greater Vancouver Regional District with the population of 2.1 million people
  2. Fraser Valley Regional District with the population of 0.3 million people; Abbotsford and Chilliwack combined having the maximum population (over 0.2 million)

The above population numbers are rounded off to closest 10k and only represent the comparison of the two regional districts.

The Fraser Valley Regional District lies east of the Greater Vancouver Regional District, and comprises the cities of Abbotsford and Chilliwack, the district municipalities of Mission, Kent, and Hope, and the village of Harrison Hot Springs. It also includes many unincorporated areas in the Fraser Valley and along the west side of the Fraser Canyon (the Fraser Canyon is not in the Lower Mainland). Following is the population detail of all the areas along with the smaller “Electoral Zones” for Fraser Valley

Area Population (2006) Population (2011)
City of Abbotsford 123,864 133,497
City of Chilliwack 69,217 77,936
District of Mission 34,505 36,426
District of Hope 6,185 5,969
District of Kent 4,738 5,664
Village of Harrison Hot Springs 1,573 1,468
Electoral Area “A” 478 442
Electoral Area “B” 796 721
Electoral Area “C” 952 973
Electoral Area “D” 1,296 1,346
Electoral Area “E” 3,481 3,358
Electoral Area “F” 1,339 1,303
Electoral Area “G” 1,914 1,764

Courtesy: Wikipedia.org

Following are the communities that are divided within the Fraser Valley 

Courtesy:Wikipedia.org

Upper Fraser Valley Central Fraser Valley Lower Fraser Valley Metro/Greater  Vancouver
AgassizBridal Falls

Chehalis

Chilliwack

Cultus Lake

Greendale

Lake Errock

Kent

Harrison Hot Springs

Harrison Mills

Hope

Flood

Laidlaw

Popkum

Rosedale

Ruby Creek

Sardis

Yarrow

AbbotsfordAldergrove

Bradner

Clayburn

Clearbrook

Deroche

Dewdney

Durieu

Hatzic

Huntingdon

Matsqui

Mission

Mount Lehman

Nicomen Island

Ruskin

Silverdale

Silverhill

Stave Falls

Steelhead

Sumas (Sumas Prairie)

Whonnock

AlbionAnmore

Annieville

Barnston Island

Belcarra

Boundary Bay

Bridgeport

Brighouse

Burnaby

Burquitlam

Cloverdale

Coquitlam

Crescent Beach

Derby (“Old Derby”)

Douglas

Delta

Fort Langley

Haney

Kanaka Creek

Langley City

Langley District

Maillardville

Maple Ridge

New Westminster

Newton

North Vancouver City

North Vancouver District

Pitt Meadows

Port Coquitlam

Port Hammond (Hammond)

Port Kells

Port Moody

Queensborough

Richmond

Sapperton

Scottsdale

Steveston

Surrey

Tsawwassen

Vancouver

West Vancouver

Whalley

White Rock

Yennadon

 

Investing in the property in the Fraser Valley is giving returns!

The value of the single family houses increased as below comparing 2016 to 2017 in Fraser valley.

Data Courtesy: bcassessment.ca

The summary below provides estimates of typical 2016 versus 2017 assessed values of residential homes throughout the region. These examples demonstrate market trends for single family residential properties by geographic area:

 Jurisdiction 2016 Assessment Roll(valuation date

of July 1, 2015)

2017 Assessment Roll(valuation date

of July 1, 2016)

Typical% change

in Value

West Richmond $1,863,000 $2,654,000 + 42%
South Richmond $1,081,000 $1,486,000 + 37%
East Richmond $695,000 $955,000 + 37%
North Delta $573,400 $850,600 + 48%
Ladner $675,000 $967,400 + 43%
South Delta $1,186,000 $1,708,000 + 44%
North Surrey $491,600 $701,000 + 43%
Central Surrey $592,000 $803,000 + 36%
East Surrey $630,000 $846,000 + 34%
South Surrey $790,000 $1,196,000 + 50%
White Rock (Example 1) $1,268,000 $1,885,000 + 49%
White Rock (Example 2) $841,000 $1,126,000 + 34%
City of Langley(Example 1) $540,000 $725,000 + 34%
City of Langley(Example 2) $528,000 $711,000 + 35%
North Langley $606,000 $844,000 + 39%
East Langley $418,000 $586,000 + 40%
South Langley $654,000 $885,000 + 35%
Pitt Meadows (Example 1) $587,000 $783,000 + 33%
Pitt Meadows (Example 2) $510,000 $706,000 + 38%
West Maple Ridge $566,000 $735,000 + 30%
Central Maple Ridge $447,000 $627,000 + 40%
East Maple Ridge $591,000 $792,000 + 34%
West Abbotsford $424,000 $582,000 + 37%
Central Abbotsford $394,000 $555,000 + 41%
East Abbotsford $435,000 $639,000 + 47%
Mission (Example 1) $345,000 $506,000 + 47%
Mission (Example 2) $358,000 $495,000 + 38%
Chilliwack (Example 1) $361,000 $481,000 + 33%
Chilliwack (Example 2) $661,000 $877,000 + 32%
Kent $256,500 $363,000 + 41%
Hope $219,800 $314,000 + 42%
Harrison Hot Springs $369,000 $492,000 + 33%

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