The number of home sales in the Fraser Valley are expected to reach the highest level since 2005 this year. Transactions will reach to 3,300 by the end of 2015, which is above the 10 year average of 3,000. This is due to the increase in job stability, low mortgage rates, and the more affordable housing options in the Fraser Valley compared to the Great Vancouver Region.
This demand will push housing costs upward by 8.8% this year and continue to rise a further 4.7% in 2016 and a further 2.9% in 2017. Greater demand for single-detached houses and townhomes will also contribute to the growth in prices over the forecast period.
Statistics from Housing Market Outlook - Vancouver and Abbotsford CMAs - Date Released - Fall 2015.