Back in the mid&#x2F;late 90s as Hong Kong was returning to China, the spike in prices started.  I recall Condos in Kits for $200k or so, new build later in the 90s was still sub $300k.  The victorians around there were still reasonable as well.<p>In a few short years it went nutty and prices spiked and they&#x27;ve only been going up since.<p>Those retiring age sold their places in Van, moved to the Okanagan and prices there spiked as well.<p>Weather is maybe part of it, setting and scenery certainly are too.  Easy access to the Pacific Rim is also part of it.