Top 10 BC Cities for Home Price Growth Since 2019 The BC housing market has been on a wild ride since 2019, and this time the pandemic was the unexpected driver behind skyrocketing property values. It feels a lot like the 2016 boom when Vancouver and surrounding areas saw record-breaking appreciation—but this time, the growth extended across the province. As someone who’s spent over a decade helping people navigate mortgages, I’ve had a front-row seat to the action. Whether it’s big cities or small towns, the appreciation in home prices has been phenomenal. 1. Vancouver Vancouver has always been at the centre of BC’s housing market, and this time is no different. I remember working with a client who snagged a modest home in East Vancouver just before the pandemic. They were hesitant about the price tag then, but today, that home is worth nearly 40% more. 2. Surrey Surrey’s growth is something I’ve been proud to witness personally, being born and raised here. South Surrey, in particular...
Over the past few years, Canada has experienced another major real estate boom—much like the record-breaking growth seen in 2016. This time, the surge in home values was driven by the pandemic, with low interest rates and increased demand pushing property prices higher across the country. As someone who’s been in the mortgage industry since 2010, I’ve seen market shifts, but the growth since 2019 has been one of the most significant yet. I’ve always found it fascinating how real estate can quietly build wealth in the background. When I bought my first home, I didn’t think much about equity—it just felt like paying rent but to myself. But fast forward a few years, and it was incredible to see how much value had built up. The Canadian Housing Market’s Growth Since 2019, homeowners across the country have gained an average of $147,000 in equity. That’s roughly $29,400 per year. I know a few friends who were shocked when they checked their home value—one even joked that their house was ear...