The Fraser Valley is the fastest growing suburb in Canada. The housing market in Vancouver, British Columbia is by far the most expensive in Canada, even more so than in Toronto, Ontario which for a long time was the most destabilized market in Canada. The most expensive region of Vancouver to live in is West Vancouver. 65% of residents of Vancouver and the Greater Vancouver Area which includes the Fraser Valley are homeowners. Fundamentally, the Vancouver housing market is easy and cheap income, and from that, lots of it. The chasing of returns on a speculative basis has no basis in reality in terms of what an assets (e.g. a physical property) true valuation is but it is justified on the notion that it does not matter what a buyer pays now, as another buyer will pay more in the future. This is referred to as the “Greater Fool theory” in that the next person will cover the cost of the last person. This model is for obvious reasons unsustainable