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Top 10 BC Cities for Home Price Growth Since 2019

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, has seen a surge in home values. A family I worked with back in 2019 bought a townhouse, and they’re blown away by how much equity they’ve gained in just a few years.

3. Kelowna
Kelowna has become a hotspot for people wanting to escape the bustle of city life. I’ve noticed a lot of young families making the move for the lifestyle and the space. One client shared how they sold their condo in Burnaby and moved to Kelowna, where they now own a larger home with incredible views.

4. Langley
Langley’s charm is hard to resist, especially with all the new developments. I once had a friend tell me, “Langley feels like the perfect blend of city and country,” and they weren’t wrong. The market here has been on a steady climb, particularly for single-family homes.

5. Victoria
Victoria’s steady growth feels like a given at this point. It’s no surprise, considering its appeal to retirees and remote workers. I’ve had clients from the Lower Mainland move here, and they always rave about the slower pace of life and stunning surroundings.

6. Chilliwack
I love hearing stories about people finding their dream homes in Chilliwack. It’s a place where families are moving to stretch their budgets further without sacrificing community. The equity gains here have been impressive, and it’s exciting to see this area grow. I have been financing deals here with year over year growth. 

7. Kamloops
Kamloops is one of those places where you can still find great value. I’ve worked with clients who left Vancouver, bought a beautiful home here, and had leftover equity to invest elsewhere. It’s a reminder that location flexibility can be a game-changer.

8. Nanaimo
Nanaimo’s coastal vibe has attracted a lot of attention recently. I know someone who made the leap during the pandemic, trading in a small condo in New Westminster for a home near the water. They’re loving the change, and their property value has shot up too.

9. Abbotsford
Abbotsford’s mix of city convenience and rural charm has always been a draw. I’ve noticed more young families moving here, drawn by the affordability and community feel. One couple I worked with was thrilled to find a home with a backyard for their kids—something they couldn’t find closer to Vancouver.

10. Maple Ridge
Maple Ridge has quietly become one of BC’s strongest performers. With new transit projects and ongoing development, it’s no wonder prices have climbed. I helped a long-time client of mine invest there in 2019, and they’ve since seen their home value increase significantly.

Why This Matters
Homeownership in BC has always been more than just having a roof over your head—it’s an investment. For those who’ve seen their equity grow, it’s a chance to explore new opportunities, whether that’s renovating, investing, or planning for the future. I can’t wait to see where the BC market goes next.

To stay informed and get regular updates on BC’s real estate market, visit citycentremortgages.com to sign up for our newsletter or explore mortgage options and email me directly larry@citycentremortgages.com.  

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