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Ladner sees among the biggest year-to-year housing price hikes

Ladner ranks fifth among communities the region that saw the highest year-to-year price increases across all housing types
housing prices in the city of delta, bc
A housing needs assessment report for the City of Delta notes house values in Delta increased exponentially but household income didn't keep pace.

Ladner experienced among the highest housing price increases in the region over the past year.

That’s according to the Real Estate Board of Greater Vancouver which notes less populated communities in the region are continuing to see the highest year-to-year increases among all property types between February 2020 and February 2021.

The list has Bowen Island leading the way with a 34.4 per cent increase, followed by the Sunshine Coast at 32.7 per cent, West Vancouver at 16.1 per cent, Maple Ridge at 14.8 per cent and Ladner at 13.76 per cent.

Single-detached houses continued to see the sharpest increase with the benchmark price in Ladner at $1,159,000, a 20.9 per cent hike over the year.

Meanwhile, in Tsawwassen it was $1,273,100, up 15.7 per cent over the year.

According to the Fraser Valley Real Estate Board, the benchmark price for a detached house in North Delta was $1,068,500, up 16.6 per cent over the year.

The City of Delta is currently formulating a new housing action plan to be completed in the next few months.

Council recently endorsed a planning department recommendation containing seven strategies to go out for further public consultation.

A staff report notes the strategies range in scale, level of complexity, level of impact as well as timeframe for implementation.

According to a Delta housing needs assessment report last fall, about 77 per cent of Delta’s housing stock is still made up of detached single-family dwellings.

“Even though more apartments and townhouses are being built these days. Delta’s housing stock is still mostly single detached houses. With most of Delta's housing over 45 years old and starting to come to the end of its useful life, we have an opportunity to rethink our future housing types to best meet our residents' needs," states the report.