Released today: Special Housing Report explores housing affordability in the Fraser Valley

The Special Housing Report produced by the Fraser Valley Real Estate Board’s Communications Department takes a closer look at the factors driving the cost of housing in our communities and the range of solutions that could make housing more affordable.

Going local

So much of the research about housing affordability focuses on large urban cities while skirting past suburban and rural communities like ours in the Fraser Valley.

Published on REALTOR Link®, the Special Housing Report: Affordability in the Fraser Valley – Metro Vancouver, endeavours to make the connections from the national and provincial housing issues, to the towns and neighbourhoods where you live and work.

Causes and effects

The Special Housing Report explores the causes and effects of our exorbitant housing costs for individuals and families, and what first-timers are thinking about when they consider purchasing a home.

We face the facts of the low-income levels in our region relative to our cost of living, and how our affordability gap compares with other urbanized centres in Canada.

Government solutions

We provide a table that shows what each of the FVREB municipalities are trying to do to bring affordable housing within reach of our ever-growing populations.  As people continue to flow into the Fraser Valley, many of whom are fleeing the congested, over-heated and exhausted housing markets of larger cities, we look at the implications of burgeoning growth; what it will mean for our environment, our public infrastructure, food security, and tax rates.

We review the strategies that governments and other public agencies are following to transform the housing crisis from an economic and social drawback that strangles employment and enterprise opportunities, to a sustainable, affordable way of life that benefits and supports our communities, and our dreams for a promising future.

Read and download the Special Housing Report here on REALTOR Link® and share copies with your clients.