December 2005

MLSLink-HPI is the new and improved version of the Housing Price Index (HPI) for the Lower Mainland.

In August 2004, the Greater Vancouver and Fraser Valley boards upgraded their existing MLS® systems to a common system called MLSLink. Many of our areas and sub-areas were redefined at this time to better reflect the marketplace. The Housing Prince Index has now been updated to take into account these changes. Enhancements were also introduced, including area-specific property definitions in the Fraser Valley and four new Lower Mainland indices which includes properties across both Board boundaries.

The Housing Price Index is a statistical measure of how inflation affects housing prices. It measures the percentage change in price of a “typical”, consistent-quality home over time. The index is a very accurate reflection of pure price movements and has been in use in the Lower Mainland since 1996.

PROPERTY TYPE AREA
BENCHMARK
PRICE
HPI
1 MO
3 MO
6 MO
1 YR
3 YR
5 YR
   
   
RESIDENTIAL FRASER VALLEY BOARD
348,784
170.7
0.8
2.3
7.7
17.8
51.3
74.6
   
SINGLE FAMILY FRASER VALLEY BOARD
392,559
167.3
0.1
1.6
6.2
16.4
48.0
75.5
DETACHED  
  NORTH DELTA
384,742
169.6
-2.6
-4.3
3.7
11.0
49.1
75.5
  NORTH DELTA ANNIEVILLE
350,781
173.6
-2.0
-0.9
4.2
16.5
55.6
78.2
  NORTH DELTA NORDEL
384,984
165.7
-2.7
-2.8
-0.6
4.9
45.4
64.7
  NORTH DELTA SCOTTSDALE
357,813
178.2
1.2
0.8
8.0
17.6
50.6
86.8
  N DELTA SUNSHINE HILLS & WDS
444,848
156.7
-6.4
-12.8
3.4
6.2
43.3
60.8
   
  NORTH SURREY
372,489
162.0
1.4
3.3
9.5
18.0
44.2
65.5
  NORTH SURREY BOLIVAR HEIGHTS
320,174
162.2
0.0
0.0
9.1
13.3
52.1
65.0
  NORTH SURREY CEDAR HILLS
317,715
166.9
0.8
2.1
9.3
22.2
56.1
75.3
  NORTH SURREY FRASER HEIGHTS
508,105
151.1
0.7
3.0
8.7
13.7
18.4
45.1
  NORTH SURREY GUILDFORD
357,300
163.3
-0.8
-1.2
1.3
12.6
48.9
67.4
  NORTH SURREY OTHER
329,753
171.4
5.8
11.0
17.3
28.9
62.2
85.9
   
  SURREY
406,752
169.1
1.1
3.4
8.0
18.9
51.7
77.1
  SURREY BEAR CREEK GREEN TIMBERS
409,808
166.1
0.1
1.8
10.5
24.6
49.7
72.8
  SURREY EAST NEWTON
398,052
172.2
2.3
7.3
8.3
16.8
54.7
99.4
  SURREY FLEETWOOD TYNEHEAD
438,260
163.0
1.4
4.9
8.2
18.8
41.8
65.4
  SURREY PANORAMA RIDGE SULLIVAN
442,314
160.9
0.0
0.2
4.0
8.5
38.3
75.5
  SURREY QUEEN MARY PARK
355,372
166.6
4.2
0.5
6.2
17.2
55.2
68.5
  SURREY WEST NEWTON
390,322
173.9
-1.0
5.2
9.7
24.6
55.1
85.9
  CLOVERDALE
399,270
156.9
-1.5
-0.5
2.6
11.9
37.9
61.2
   
  SOUTH SURREY & WHITE ROCK
565,720
171.6
0.3
1.6
7.9
21.2
46.7
78.3
  SOUTH SURREY CRESCENT BEACH OCEAN PARK
551,427
178.3
-7.0
-9.9
-3.5
13.4
43.7
86.9
  SOUTH SURREY ELGIN CHANTRELL
795,359
158.1
4.9
1.8
10.1
6.7
57.1
77.2
  SOUTH SURREY KING GEORGE CORRIDOR
466,840
175.5
2.0
9.5
14.6
33.7
59.3
76.4
  SOUTH SURREY SOUTH-EAST
701,854
152.6
-0.6
3.1
6.5
12.3
36.9
54.6
  SOUTH SURREY SUNNYSIDE PARK
541,670
163.4
-0.5
2.9
7.6
15.4
41.1
69.0
  SOUTH SURREY WHITE ROCK
526,946
180.0
4.6
6.0
14.2
37.8
42.2
104.8
   
  LANGLEY
394,869
160.1
1.0
2.0
3.9
12.8
45.8
70.3
  LANGLEY ALDERGROVE
323,326
163.4
-2.3
-3.0
0.1
11.6
42.7
74.5
  LANGLEY CITY MURRAYVILLE WILLOUGHBY BROOKSWOOD
404,642
170.5
2.4
2.6
5.5
14.0
48.8
80.5
  LANGLEY WALNUT GROVE
420,325
151.0
0.2
3.8
3.2
11.3
45.0
55.0
   
  ABBOTSFORD
334,356
168.0
-3.1
-0.1
4.3
13.5
49.0
79.7
  ABBOTSFORD CENTRAL POPLAR
293,031
165.1
-1.7
-0.7
0.8
11.4
50.7
65.6
  ABBOTSFORD EAST
355,457
162.6
-2.9
-1.2
2.1
12.0
40.6
69.1
  ABBOTSFORD WEST
337,807
175.0
-4.0
1.3
8.8
16.2
59.5
82.5
   
  MISSION
292,130
173.4
3.8
4.6
7.1
23.7
63.0
77.2
   
TOWNHOUSE FRASER VALLEY BOARD
254,409
161.7
2.1
4.8
7.8
14.5
41.0
60.3
   
  NORTH SURREY GUILDFORD
219,389
188.0
1.3
6.8
10.3
20.1
61.1
81.0
   
  SURREY
245,611
152.5
1.2
4.7
5.9
13.9
39.6
50.8
  SURREY FLEETWOOD
281,474
150.1
1.6
3.9
9.6
18.5
37.6
46.7
  SURREY OTHER
231,262
153.5
1.0
5.0
4.4
11.9
40.4
52.7
   
  SOUTH SURREY & WHITE ROCK
370,477
156.6
1.9
5.6
6.3
17.8
39.1
68.2
   
  LANGLEY
256,034
162.5
4.4
5.0
8.9
11.7
38.8
65.6
   
  ABBOTSFORD
224,621
165.9
1.3
3.6
9.0
14.1
41.1
67.3
   
APARTMENT FRASER VALLEY BOARD
178,602
192.7
0.9
4.6
11.0
26.6
71.1
93.0
   
  NORTH SURREY
174,648
204.1
3.4
9.5
18.3
40.2
90.6
96.7
  NORTH SURREY WHALLEY
183,073
231.1
5.7
15.7
25.3
54.5
106.3
146.5
  NORTH SURREY GUILDFORD
167,608
182.6
1.4
4.3
12.5
28.8
77.8
60.2
   
  SOUTH SURREY WHITE ROCK
233,482
171.5
-3.1
-1.7
3.6
8.9
56.8
84.0
   
  LANGLEY
178,879
175.7
-0.3
3.2
8.1
20.0
55.5
94.9
   
  ABBOTSFORD
151,915
208.7
2.0
4.9
10.7
30.5
78.4
123.3
   
HOUSE/ACREAGE FRASER VALLEY BOARD
670,936
198.4
6.3
-0.4
17.1
26.9
77.7
86.5
   
  SURREY, CLOVERDALE & N. SURREY
649,615
182.7
1.6
-15.4
5.4
22.4
45.5
45.4
   
  SOUTH SURREY & WHITE ROCK
813,771
205.9
5.8
-9.8
12.4
29.2
61.5
63.0
   
  LANGLEY
755,606
217.2
5.0
5.2
29.8
20.5
118.2
106.9
   
  ABBOTSFORD
749,286
212.5
23.1
12.1
26.1
65.8
177.0
130.5
   
  MISSION
442,038
178.3
1.6
-0.4
0.6
17.7
58.1
57.1
 
     
 
Fraser Valley Real Estate - Todd Hendrickson, RE/MAX Little Oak Realty

www.toddhendrickson.com
re/max little oak realty - #9 - 2630 W. Bourquin Court, Abbotsford BC, V2S 5N7 - Phone 604-859-2341 - Toll Free 1-800-668-8661
Fraser Valley Real Estate - Todd Hendrickson, RE/MAX Little Oak Realty

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