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Research

Colliers Fraser Valley Housing Growth Forecast

Colliers Fraser Valley Housing Growth Forecast

Colliers Fraser Valley Housing Growth Forecast
Colliers is pleased to provide a Spark report on forecast growth in population and the related anticipated increase in housing demand.  The report is an analysis of current, forecast and historical data from both BC Statistics and Statistics Canada.
 
Key findings in this analysis include:
  • Fraser Valley’s population will increase by 37% as of 2041
  • Fraser Valley’s population in 2041 would make it the fourth largest community in Canada in today’s environment, with a population exceeding that of Calgary, Edmonton or Ottawa
  • 165,400 new dwelling units are forecasted to be required in the area by 2041
  • Fraser Valley will become a more significant element of the Greater Vancouver area in the future with 45% of the total population residing in this area
  • Land scarcity and affordability means that in all areas of the Fraser Valley, relatively few single-family homes will be built in the future and most new developments will be multi-family in nature
  • Both owned (strata) and leased (rental) multi-family development will be required to accommodate future growth

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