We live in the Fraser Valley and it hasn't been affordable for awhile if you are talking about detached homes. Condos and some townhouses are more affordable. A 5 acre blueberry farm down the street with a nice home just sold for 2.9 million.  Affordability left here 3-4 years ago. Granted it is less expensive than Vancouver but when a commute and the expense that come along with it are factored in, its hard to say which is the better option. The other issue with homes in the Fraser Valley is that there are many homes that are either not in great shape or small so a buyer is looking  at a major add-on or a complete teardown because of quality and or age issues. What is disheartening to see is farms being purchased and not farmed with 10-20,000 square foot homes being built and still getting the tax break. I belong to a family of farmers on a 5 acre plot and we grow 200 thousand dollars worth of cut flowers a year to have our tax adjustment so it burns me to see this.