In the video below, the President of the Fraser Valley Real Estate Board explains the situation with townhomes in the region. There has been an insatiable demand for townhouses, particularly in areas like Willoughby in Langley. Mr. Anderson explains the statistics with respect to prices, sales and inventory levels.
People have been flocking to the Fraser Valley for more space and relative affordability. It helps explain why townhouses are a sought-after property type in places like Surrey, Langley, North Delta and Abbotsford.
Watch the short video below for a quick summary of the housing market: