FVREB Chair Addresses Transit Expansion and Property Values at Cloverdale Chamber Event

Major infrastructure projects like the Surrey-Langley SkyTrain extension do more than move people — they influence property values, development patterns, and long-term community livability. For REALTORS®, that impact matters.

At a recent Cloverdale Chamber of Commerce luncheon, Board Chair Tore Jacobsen highlighted the close connection between transit, housing, and economic growth — particularly in Surrey and Langley, which accounted for nearly 72 per cent of Fraser Valley home sales last year.

The eight-station extension, opening in 2029, is expected to increase housing demand and strengthen commercial corridors. With more than 42,000 new housing units projected in the near term — most in Surrey and Langley — coordinated planning will be essential.

Surrey has added over 38,000 jobs in five years, with significant growth still ahead. Infrastructure decisions being made now will shape client conversations, investment confidence, and long-term value. While property value increases are likely near major transit investments, outcomes depend on thoughtful planning and collaboration.

As the region grows, aligning housing with transportation will be key to building complete, connected communities.

FVREB Communications