Housing Price Index January 2006

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
HPI
1 MO
3 MO
6 MO
1 YR
3 YR
5 YR
   
PRICE
   
ALL RESIDENTIAL FRASER VALLEY BOARD
353,787
173.1
1.4
2.8
6.4
18.7
50.9
76.4
   
SINGLE FAMILY FRASER VALLEY BOARD
402,198
171.4
2.5
2.9
6.8
18.7
49.8
73.8
DETACHED  
  NORTH DELTA
408,916
180.2
6.3
5.2
6.1
22.8
58.6
84.3
  NORTH DELTA ANNIEVILLE
356,474
176.5
1.6
2.3
1.0
16.0
52.2
68.1
  NORTH DELTA NORDEL
404,355
174.0
5.0
2.5
3.8
16.6
50.4
81.1
  NORTH DELTA SCOTTSDALE
378,746
188.6
5.9
7.8
11.1
28.9
62.6
103.1
  N DELTA SUNSHINE HILLS & WDS
497,943
175.4
11.9
7.9
8.0
28.7
63.0
80.2
   
  NORTH SURREY
382,934
166.6
2.8
4.9
8.2
20.7
48.0
65.2
  NORTH SURREY BOLIVAR HEIGHTS
324,366
164.4
1.3
3.4
2.6
19.4
45.2
63.4
  NORTH SURREY CEDAR HILLS
336,715
176.9
6.0
4.9
11.2
23.2
73.7
78.5
  NORTH SURREY FRASER HEIGHTS
523,059
155.5
2.9
5.7
11.0
18.9
32.5
57.9
  NORTH SURREY GUILDFORD
372,501
170.3
4.3
-3.3
4.1
15.3
40.5
68.0
  NORTH SURREY OTHER
332,110
172.6
0.7
11.4
10.5
26.3
59.3
64.7
   
  SURREY
417,381
173.5
2.6
4.5
8.2
19.9
58.4
77.2
  SURREY BEAR CREEK GREEN TIMBERS
420,171
170.3
2.5
4.9
7.2
19.7
50.3
81.2
  SURREY EAST NEWTON
404,007
174.8
1.5
4.3
9.5
17.2
59.3
82.7
  SURREY FLEETWOOD TYNEHEAD
442,236
164.5
0.9
4.0
5.7
18.0
43.3
70.9
  SURREY PANORAMA RIDGE SULLIVAN
468,344
170.3
5.9
5.7
8.3
21.4
49.7
71.3
  SURREY QUEEN MARY PARK
365,295
171.3
2.8
1.7
9.5
18.7
51.4
71.7
  SURREY WEST NEWTON
403,155
179.6
3.3
6.6
10.4
24.8
68.5
87.6
  CLOVERDALE
420,546
165.3
5.3
7.6
7.8
17.1
44.0
68.9
   
  SOUTH SURREY & WHITE ROCK
563,960
171.1
-0.3
-3.8
4.7
17.8
42.3
75.5
  SOUTH SURREY CRESCENT BEACH OCEAN PARK
649,183
209.9
17.7
7.2
15.6
37.1
69.3
114.3
  SOUTH SURREY ELGIN CHANTRELL
663,206
131.8
-16.6
-18.6
-16.5
-13.1
14.9
28.9
  SOUTH SURREY KING GEORGE CORRIDOR
432,495
162.6
-7.4
0.2
5.1
13.7
40.0
68.3
  SOUTH SURREY SOUTH-EAST
719,870
156.6
2.6
-4.5
5.7
18.8
43.5
58.0
  SOUTH SURREY SUNNYSIDE PARK
553,570
167.0
2.2
-5.0
7.0
21.3
47.1
71.4
  SOUTH SURREY WHITE ROCK
511,979
174.9
-2.8
-6.3
6.6
22.2
37.1
71.5
   
  LANGLEY
395,030
160.2
0.0
0.3
4.4
11.5
40.2
65.6
  LANGLEY ALDERGROVE
332,000
167.7
2.7
-0.8
3.1
9.0
60.3
72.0
  LANGLEY CITY MURRAYVILLE WILLOUGHBY BROOKSWOOD
398,802
168.0
-1.4
0.1
4.2
12.7
42.0
76.7
  LANGLEY WALNUT GROVE
425,921
153.0
1.3
1.4
5.3
10.9
34.3
54.8
   
  ABBOTSFORD
348,189
174.9
4.1
2.8
6.8
20.7
48.4
75.7
  ABBOTSFORD CENTRAL POPLAR
302,265
170.3
3.2
3.1
3.3
17.4
52.7
81.3
  ABBOTSFORD EAST
372,176
170.2
4.7
1.9
6.7
19.3
44.8
63.8
  ABBOTSFORD WEST
351,675
182.2
4.1
3.6
8.8
24.0
58.5
81.7
   
  MISSION
292,112
173.4
0.0
3.7
8.1
19.8
50.3
75.6
   
TOWNHOUSE FRASER VALLEY BOARD
255,785
162.6
0.5
4.1
7.0
13.2
46.2
64.6
   
  NORTH SURREY GUILDFORD
229,365
196.6
4.5
7.9
15.3
25.8
69.4
96.3
   
  SURREY
250,854
155.7
2.1
4.1
7.8
13.2
41.6
57.0
  SURREY FLEETWOOD
287,988
153.6
2.3
4.9
10.0
13.6
39.0
54.2
  SURREY OTHER
236,017
156.6
2.1
3.8
6.8
13.1
42.8
58.3
   
  SOUTH SURREY & WHITE ROCK
378,582
160.0
2.2
7.7
6.0
12.5
43.4
54.6
   
  LANGLEY
250,334
158.9
-2.2
1.5
4.9
9.9
36.5
61.9
   
  ABBOTSFORD
222,117
164.1
-1.1
3.5
5.6
12.3
53.6
77.9
   
APARTMENT FRASER VALLEY BOARD
180,768
195.1
1.2
4.6
9.5
28.1
70.6
99.7
   
  NORTH SURREY
178,146
208.2
2.0
8.8
17.0
42.6
96.5
107.3
  NORTH SURREY WHALLEY
183,500
231.6
0.2
7.2
15.8
50.0
103.8
128.7
  NORTH SURREY GUILDFORD
173,598
189.2
3.6
10.2
18.1
36.5
90.7
89.8
   
  SOUTH SURREY WHITE ROCK
243,275
178.7
4.2
3.1
4.5
20.5
54.8
90.5
   
  LANGLEY
174,533
171.4
-2.4
-0.2
2.4
17.7
54.7
67.7
   
  ABBOTSFORD
153,211
210.5
0.9
4.5
10.1
26.2
71.7
122.8
   
HOUSE/ACREAGE FRASER VALLEY BOARD
627,979
185.7
-6.4
-3.5
-3.5
16.3
57.8
88.1
   
  SURREY, CLOVERDALE & N. SURREY
574,002
161.5
-11.6
-20.8
-27.7
3.9
34.1
67.2
   
  SOUTH SURREY & WHITE ROCK
718,943
181.9
-11.7
-18.0
-22.6
8.9
50.1
86.5
   
  LANGLEY
752,535
216.4
-0.4
8.4
16.1
37.7
100.0
120.1
   
  ABBOTSFORD
609,551
172.8
-18.6
-3.7
-9.0
-2.8
73.3
58.9
   
  MISSION
441,520
178.1
-0.1
0.2
1.5
8.2
38.6
65.2
Housing Price Index: The Housing Price Index numbers estimate the percentage change in price on a "typical" and constant-quality property over time. All indices equal 100 in 2001. An index of 120 indicates a 20% increase in price since 2001.
 
     
 
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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