Big things are happening along Fraser Highway right now in 2026. If you drive through Fleetwood, you can see concrete columns and other structures going up for the Surrey Langley SkyTrain extension, along with trucks, cranes, utility work and changing traffic patterns.
It is important not to lump all of that together as one road-widening project. The Surrey Langley SkyTrain is being built on an elevated guideway along much of the Fraser Highway corridor. Road work happening alongside the project can include utility relocation, lane shifts, intersection work, access changes and other modifications. The exact work differs by location and construction phase.
The property-value question starts with exposure. A home directly on the corridor is a different product from a home several residential streets away, even when both are described as being “near Fraser Highway.”
Are Homes Near Fraser Highway Losing Value Due to Construction?
I separate the corridor into two practical property types.
The first group includes homes directly on Fraser Highway, beside major intersections, station sites or active construction areas. These properties carry the greatest exposure to lane changes, fencing, access disruption, noise and buyer hesitation during construction. Measure any price or sale-time impact against comparable properties from the same market period.
The second group includes homes on interior residential streets. Areas around Walnut Road, Fleetwood Park and Berkshire Park give buyers more separation from the corridor while keeping future rapid transit nearby.
These homes attract a different buyer than a property directly beside construction. Use current comparable sales rather than assuming a blanket corridor premium or discount.
If construction exposure is one of your biggest concerns, my guide to where to buy a house in Fleetwood to reduce construction noise goes deeper into the difference between Fraser Highway, station areas, collector roads and interior residential streets.
Another useful comparison is what it is really like to live on or near 88 Avenue in Fleetwood, because being close to a major road can create a different set of trade-offs from simply being close to SkyTrain construction.
Temporary Construction and Permanent Property Characteristics Are Different
Construction noise, lane restrictions and detours can be temporary. A property’s relationship to the finished road and transit system is much more permanent.
A construction fence may disappear, a temporary lane closure may reopen and utility work will move along the corridor. A home that directly fronts Fraser Highway will still front Fraser Highway after construction is finished. The same applies to driveway access, proximity to a major intersection, station distance and the amount of separation between the home and the corridor.
Before writing an offer, evaluate the property through two distinct lenses:
- What disruption does this property face during construction?
- What will the location be like after the project is complete?
The Surrey Langley SkyTrain project publishes current construction information and notices, which is worth checking for the exact section of Fraser Highway you are considering.
What the New SkyTrain Rules Mean for Your Home
Provincial Transit-Oriented Area legislation establishes minimum height and density frameworks around prescribed transit stations. The requirements vary based on distance from a station and the type of transit involved.
TOA status changes the planning framework, not the physical reality of the parcel. Surrey zoning, servicing, parcel configuration, road access, site design, approvals and development economics determine whether that planning potential becomes a viable project.
The Province provides more detail on its Transit-Oriented Development Areas framework.
For a Fleetwood-specific explanation, read my guide to what BC Transit-Oriented Development rules mean for Fleetwood homeowners.
If you want to see how the broader pieces fit together, including SkyTrain, planning and redevelopment, my honest look at the Fleetwood Plan and near-term change separates what is happening now from what may take much longer.
Does Being Near a SkyTrain Station Automatically Increase Value?
Station proximity is one feature of the property, not a valuation formula.
A home close to 152 Street Station might offer excellent future transit access while also sitting near Fraser Highway traffic, an intersection, construction activity or future redevelopment. Another home a little farther away may require a longer walk but offer a quieter street, better yard, easier parking or less direct road exposure.
Appraise the transit benefit through current like-for-like comparable sales rather than adding an ungrounded, formulaic “station premium.”
If you are comparing that trade-off specifically, read whether you should buy a family home within walking distance of 152 Street Station.
The same principle applies farther east around Fleetwood Station. My guide to whether the area around Fleetwood Station is good for raising kids looks at the station area through a family and street-level lens rather than treating station proximity as automatically positive.
Should You Buy Now or Wait?
Waiting until construction is complete gives you a clearer view of the finished streetscape, but it does not tell you what the same property will cost later. If a home works today, judge the current price, construction exposure, permanent location and your ability to hold it comfortably.
Do not purchase solely on projected transit appreciation, and do not eliminate an otherwise strong property solely because of temporary construction nearby.
For investors, the key is picking the right property first. Look at whether the home makes sense under today’s conditions before paying for possible future redevelopment or transit benefits. Location, lot shape, access and what sits directly beside the property still matter more than a general “near SkyTrain” label.
What I Would Compare Before Putting a Price on the Impact
If I were comparing two Fleetwood properties near Fraser Highway, I would look at:
- whether the home directly fronts Fraser Highway or sits on an interior street
- distance from a station site and major intersection
- current construction activity around the property
- driveway and property access
- whether traffic can easily enter and leave the street
- backyard orientation and road-noise exposure
- lot size and shape
- housing type and condition
- current zoning and planning context
- whether the property falls within a Transit-Oriented Area
- realistic redevelopment potential rather than neighbourhood rumours
- comparable sales from the same market period
Do not apply a blanket percentage adjustment to Fraser Highway construction. Two properties the same distance from the corridor can have completely different access, noise exposure and buyer appeal. The street-level details and current comparable sales are where the valuation analysis begins.
For more on how transit, construction, planning and redevelopment fit together across the area, explore the Fleetwood Growth, SkyTrain & Development guides.
Frequently Asked Questions
Are home prices dropping in Fleetwood because of Fraser Highway construction?
Compare directly exposed corridor properties with like-for-like sales from the same market period. There is no defensible construction adjustment that applies to every Fleetwood property.
Will a home near SkyTrain automatically be worth more?
No. Transit access can add buyer appeal, but the market still prices the specific street, lot, access, condition, road exposure and competing alternatives.
Should I buy a townhouse or a detached house near the Fraser Highway corridor?
Choose based on the property and your objective. Detached homes offer land and different redevelopment flexibility, while townhouses usually trade land for a lower entry price and shared maintenance. Neither housing type is automatically the better investment.
When is Surrey Langley SkyTrain expected to open?
The Surrey Langley SkyTrain extension was under construction in 2026, with the project currently anticipating service beginning in late 2029. Construction conditions can change before then, so buyers should review current project notices when evaluating a property near the corridor.
Does being inside a Transit-Oriented Area guarantee redevelopment?
No. Transit-Oriented Area rules establish a planning framework for minimum allowable height and density in applicable areas, but property configuration, servicing, access, zoning requirements, approvals, development economics and other factors still affect what can realistically happen on an individual site.