This is the second story in The Changing Valley, an ongoing series on how housing and migration are changing the Fraser Valley. Click here to read our other stories on how house prices, migration, and changing demographics are changing the region. For immediate access to every story we write and more in-depth news about the Fraser Valley, subscribe to our daily newsletter below.

Call it the Chilliwack discount—or the Langley tax.

After a decade of exploding house prices, it’s never been so profitable to sell a house in Langley and buy in Chilliwack or Abbotsford.

House prices have always been cheaper the further one gets from Vancouver. And as prices have risen quickly over the last decade and especially the last two years, those pre-existing disparities have been magnified, making the cost (or benefit) of trading one community for another dramatically higher than 10 years ago, a new analysis of Fraser Valley home prices by The Current shows.