Highest 10-year growth in value of detached homes posted in Abbotsford, Cloverdale, Langley

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      Over the last 10 years, the value of a single-family home on the east side of Vancouver grew 105.9 percent.

      As of February 2021, a typical detached residence on this part of the city was $1,565,800.

      Once you get past Ontario Street, which is the west side of Vancouver, homes are twice more expensive.

      As of February 2021, the benchmark price of a single-family home on the west side was $3,203,200.

      This means a 65.9 percent growth over the past decade.

      While it's understandable that Vancouver gets a lot of attention, records from the real estate boards of Greater Vancouver and the Fraser Valley show that many suburban areas are witnessing higher levels of growth in the value of detached homes.

      Abbotsford leads the way. The value of a single-family home in the mostly rural city grew 137 percent in the last 10 years.

      As of February 2021, a typical detached home in Abbotsford was less than a million, or $988,800.

      Second is Cloverdale, the historic city centre of Surrey. The growth was 136.8 percent. As of last month, the benchmark price stood at $1,245,900.

      Langley comes third with 133.7 percent, and a typical price of $1,210,600.

      The three areas form part of the market served by the Fraser Valley Real Estate Board.

      For the region covered by the Real Estate Board of Greater Vancouver, three areas outside the city of Vancouver top the list.

      Number one is Squamish. The value of a detached home in this town famous for outdoor adventure grew 123.6 percent over the last decade.

      In February 2021, a typical single-family home in Squamish had a price of $1,034,400.

      Pitt Meadows comes second, with 123.6 percent and value $1,066,700.

      Bowen Island is third, with 119.1 percent and a typical price of $1,217,700.

      The Tri-Cities also beat Vancouver: Port Coquitlam, 118.8 percent; Port Moody, 114 percent; and Coquitlam, 111.2 percent.