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Homes for Sale Langley BC

Whether you are a first-time homebuyer looking for a condo or townhome for sale, or you are a well-established professional looking for a parcel of land with a beautiful detached home, Langley Real Estate will likely have what you are looking for. Langley MLS listings show that there are plenty of downtown Langley condos for sale, plus townhomes and houses with property; all still at very reasonable prices when compared to the rest of the Vancouver Lower Mainland. Contact Natasha Taylor of the Taylor Team at 1-778-316-4290 if you are looking for homes in Langley BC. Most Langley homes for sale are very reasonably priced and feature great school catchments, parks, recreation centres, hockey leagues, and other sporting activities in the area.

More About Langley BC

Langley real estate has enjoyed a long-standing, constantly growing rate of development. Although older areas such as Langley’s Brookswood area have remained much the same (people seem to enjoy the large lots and private feel), other areas such as Willoughby Heights and Walnut Grove have seen tremendous amounts of new growth and new real estate development.

The Taylor Team can help you discover Langley BC, which has developed into a major city that has everything to offer, from large shopping malls and commercial strips to well attended restaurants, great entertainment facilities for all ages and an easy commute to the Vancouver or to the Canada/US border. One thing you may want to check out if you are looking for homes for sale in Langley during the spring or summer months is the many classic car shows that Langley hosts. These shows feature cars from all over the Lower Mainland and often you will see some very old vintage cars that have been restored to their original splendor, or made up to be a custom hot rod.

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For sale
$1,399,900
26916 27B AVENUE, langley, British Columbia

26916 27b Avenue

Langley, British Columbia

Introducing your ideal updated family home with a suite. This modern, professionally renovated residence offers abundant natural light and ample space for both your family and in-laws. With 2560 square feet, it features 4-5 spacious bedrooms, two kitchens, 2 laundry rooms, a large living room and family room, and a charming yard with beautiful gardens and stunning views of the Golden Ears. Conveniently located near parks, schools, shopping, and transit, this property is a standout opportunity not to be overlooked. (id:48205)

4 Bedroom 3 Bathroom 2695
For sale Open House
$1,399,888
20743 51B AVENUE, langley, British Columbia

20743 51b Avenue

Langley, British Columbia

Welcome to the most sought-after Langley neighborhood. Perfect for a upgrade or first time home buyer. This beautiful renovated 3 bed, 3 bath family home is sitting on a spacious 6100+sq. ft lot. Fully fenced private backyard complete with a very big 2 level patio and deck for entertaining with friends and family. Walking distance to Blacklock Fine Arts Elementary School, City Park Trail, Douglas Rec Center and the Nicomekl Suspension Bridge. Short Drive to Newlands golf and country club, Willowbrook Shopping Centre and Fraser Crossing Centre. Call and book your viewing. OPEN HOUSE: SUNDAY APRIL 21, 2024 1:00PM - 4:00 PM (id:48205)

3 Bedroom 3 Bathroom 1760
For sale Open House
$1,399,000
21131 91A AVENUE, langley, British Columbia

21131 91a Avenue

Langley, British Columbia

The ultimate in trick or treat neighborhood! Situated only steps away from all levels of school, James Kennedy Elementary (French Immersion) and Walnut Grove Secondary, as well as Walnut Grove Community Centre with swimming pool, playing courts, and library, walking trails, turf and grass fields, spray park, playgrounds, transit, and shopping. This family friendly neighbourhood in the heart of Walnut Grove, simply can't be beat. The home has ample parking - double garage with driveway space large enough for RV parking, and multiple outdoor patio areas in its fully fenced backyard for entertaining. Inside, is nearly 2000 square feet of living space, including 4 terrific sized bedrooms, primary with huge ensuite, a cozy family room with natural gas fireplace, and so much more! A must see! (id:48205)

4 Bedroom 3 Bathroom 1923
For sale Open House
$1,399,000
9267 212B STREET, langley, British Columbia

9267 212b Street

Langley, British Columbia

Location? Layout? Upgrades? Green? Fully Renovated? Wide Front? East Facing? Connectivity? School distance? Transit distance? parking? This Beauty has everything that you've been looking for WELCOME HOME! Our Spacious and Contemporary 4-bedroom, 2 full bathroom house is the perfect place to call home with the 6 parking spots on the driveway. Intensively renovated this home has endless upgrades and renovations, ask for full upgrades sheet as there are too many to list here. James Kennedy Elementary Grove Secondary school catchments. It's a beauty, and ready to move in. OPEN HOUSE Saturday May 11 & Sunday May 12, 2-4 PM. (id:48205)

4 Bedroom 2 Bathroom 1615
For sale Open House
$1,399,000
77 7138 210 STREET, langley, British Columbia

77 7138 210 Street

Langley, British Columbia

Welcome to PRESTWICK! Where modern meets great craftsmanship in this impressive corner unit nestled in the heart of Willoughby. Spanning just above 3200 square feet accompanied with high ceilings, this residence features 4 bedrooms and 4 bathrooms, with the primary suite conveniently located on the main floor, alongside a walk-in closet. Customizations within this home are around every corner, complemented by a patio in the fenced back yard, and a balcony, perfect for enjoying the surroundings. The 2-car side-by-side garage, with a 2-car parking pad, ensures ample parking. With rough-ins for EV charging, air conditioning, and new appliances, modern comforts abound. Set in an adult-oriented community, this home ensures a lifestyle perfect for you and your family! (id:48205)

4 Bedroom 4 Bathroom 3218
For sale Open House
$1,399,000
6271 272 STREET, langley, British Columbia

6271 272 Street

Langley, British Columbia

Dreaming of your own hobby farm? This uniquely renovated manufactured home, sitting on 1.85 ACRES, offers just that! Discover a modern 2 bed/2 bath layout with abundant natural light streaming through large European-style windows and doors. Fully renovated in 2016, it boasts a new roof, kitchen, bathrooms, floors, newer septic field & tanks, and a brand-new Waterwell system. The kitchen dazzles with a Belfast sink, double oven, and spacious island. Relax in the master bedroom with its walk-in closet and luxurious ensuite, featuring a clawfoot tub. Enjoy panoramic views of the property from every room and the deck. Outbuildings include two barns, a shed, and a greenhouse. Plus, your very own pond! **Open House on Saturday, May 11th from 12-4 PM.** (id:48205)

2 Bedroom 2 Bathroom 1301
For sale
$1,399,000
3855 207 STREET, langley, British Columbia

3855 207 Street

Langley, British Columbia

Beautifully maintained Brookswood Rancher! Featuring 3 bedrooms and 2 1/2 bathrooms this home is ready for you to move in and enjoy. The open kitchen and Family Room makes for a great entertaining area and opens to the patio and completely fenced yard. The newer vinyl windows allow tons of light in, and when you want shade the deluxe blinds take care of that. In floor hot water heating means comfy even heat, and 2 gas fireplaces provide the atmosphere. The spacious Primary bedroom features a 3 piece ensuite and walk-in closet. And with hot water on demand you'll never runout of hot water. Besides the extra large double garage there's tons of parking as well as additional storage in the shed. Easy walk to transit, parks and all levels of school, this location can't be beat. (id:48205)

3 Bedroom 3 Bathroom 1731
For sale
$1,399,000
19684 74A AVENUE, langley, British Columbia

19684 74a Avenue

Langley, British Columbia

No Strata! North Facing - BRAND-NEW home in the sought-after Bliss At Latimer subdivision. This 5-bedroom 5 bath Modern 1/2 Duplex with premium finishing's throughout, 10' ceiling on main, all countertops with quartz; LG appliance package, Energy efficient natural gas heating throughout, tiled bathrooms! Three level living offers all the perks - PLUS downstairs features separate entry, a large rec room with 2Bed and 2bath. Detached garage equipped with 220 volts. Quick possession possible! MUST SEE to feel and experience. 2-5-10 Home Warranty. Pictures are from the show home located at 19683 74 Ave Langley, open daily from 11-4 pm. (id:48205)

5 Bedroom 5 Bathroom 2485
For sale
$1,399,000
19877 48 AVENUE, langley, British Columbia

19877 48 Avenue

Langley, British Columbia

Great investment property, centrally located close to shopping and transit. Upstairs has 3 bedrooms fully renovated with top of the line stainless steel appliances which include gas stove and stackable washer and dryer. Downstairs is a partially renovated 2 bedroom suite with separate entrance. The home is completely rented out with great tenants. Great income. OPEN HOUSE SUNDAY APRIL 7th, 1 P.M - 3 P.M (id:48205)

5 Bedroom 3 Bathroom 1826
For sale
$1,399,000
7381 197 STREET, langley, British Columbia

7381 197 Street

Langley, British Columbia

Brand new 3-level 1/2 duplex situated on back lane lot with features found in much expensive homes. . Close to both schools, shopping and transit. Main floor features open concept great room & dining area, designer kitchen with top stainless steel appliances, Den with powder bathroom. Top floor features master bedroom with en-suite plus 2 other good size bedrooms and bathroom and laundry. Basement has huge rec room with other 1-good size bedroom's and one storage room.2-5-10 new home warranty. (id:48205)

4 Bedroom 4 Bathroom 2425
For sale Open House
$1,398,600
6843 208A STREET, langley, British Columbia

6843 208a Street

Langley, British Columbia

OPEN HOUSE SATURDAY MAY 11 FROM 1-3PM. Welcome to MILNER HEIGHTS built by the reputable Vesta Properties! This is a stunning two-storey w/basement home expanding nearly 2,300 square feet. This home features 9' ceilings, granite countertops, S/S appliances, office/den space off the main and an expansive primary bedroom with vaulted ceilings! Not to mention, you've got a double car garage with EXPOXY FLOORING and incredible custom workshop cabinets. The basement is ideal for custom finishing as a basement suite or recreation area. Location is also ideal with it being close to cafes, shopping and Arbour Ribbon Trail Loop which is across the street from your front door- great for pets, children and families! (id:48205)

3 Bedroom 3 Bathroom 2292
For sale
$1,398,000
4952 208A STREET, langley, British Columbia

4952 208a Street

Langley, British Columbia

WELCOME to 4952 208A Street, a newly renovated family home w/ a potential suite located in the desirable Newlands neighbourhood. Situated on a 7200 sq.ft. lot, this bright & spacious property offers open concept living across the home. This home features 5 bedrooms + 3 bathrooms, a wide driveway, a sun drenched front and backyard, and a wood-burning fireplace! With 3 bedrooms upstairs, and 2 bedrooms downstairs + kitchen downstairs, this property offers great potential for a mortgage helper suite. The fully fenced, incredibly private, and east-exposed backyard is complemented by a large and covered sundeck. This home is located in the perfect location, being only a 2 minute drive from Newlands Golf Course. (id:48205)

5 Bedroom 3 Bathroom 2327
For sale Open House
$1,395,000
9582 214A STREET, langley, British Columbia

9582 214a Street

Langley, British Columbia

Open House: Saturday & Sunday, May 11-12, 2024. 2-4pm (id:48205)

4 Bedroom 3 Bathroom 1902
For sale Open House
$1,389,900
20517 76 AVENUE, langley, British Columbia

20517 76 Avenue

Langley, British Columbia

Bloom! A Masterfully built Development by T.M.Crest Homes! Beautiful 2 Storey + fully finished basement "End Unit" Rowhome. Grand Kitchen, soft close cabinetry, Quartz countertops and large Island with bar style seating, high end Stainless steel appliances and hot water on demand. 3 Spacious bedrooms up with, Primary Bedroom complete with Elegant 4 pce Ensuite! Rough in for Level 2 Electric car charger, R.I. Air Cond, 2/5/10 Year home warranty. Navien Tankless water heater, iFlow Hydronic Furnace! Low energy costs. Situated in desirable Yorkson neighborhood, walk to shops and eateries, heath & wellness and first rate educational facilities. Completion estimated June 2024. No Maintenance Fees! Open Weekends 1 - 4, Showhome on 76B Ave. Price does not include applicable GST! (id:48205)

4 Bedroom 4 Bathroom 2777
For sale Open House
$1,389,000
9263 209B PLACE, langley, British Columbia

9263 209b Place

Langley, British Columbia

THIS HOUSE HAS IT ALL!! Located in Walnut Grove, it offers a versatile layout with either 4 bedrooms and 2 baths or a 3-bedroom setup with an additional LEGAL bachelor/ 1bdrm suite. The inclusion of a single-car garage, RV parking, gated boat parking, and driveway space ensures ample parking options. The private, fenced backyard with a glass-covered sundeck, cedar porch, garden shed, and hot tub provides a perfect retreat for relaxation. The updated kitchen offers plenty of storage and counter space, along with the open concept layout, is great for hosting guests. With updated features like windows and a hot water tank, along with a well-maintained roof, this home offers move-in readiness and peace of mind for the future. This is a rare find! (id:48205)

4 Bedroom 2 Bathroom 1724
For sale
$1,389,000
5279 199A STREET, langley, British Columbia

5279 199a Street

Langley, British Columbia

INVESTERS !!!! This home is a renovated and updated rancher in a quiet oriented 6000 SF lot with a private backyard! Open concept fully functional layout, spacious living area, formal dining, bright natural sunlight and 3 bedrooms and 2 bathrooms. Current zoning provides huge potential as Langley City is well positioned for future growth and redevelopment. Buyer to check with city for due diligence and zoning. Located in the Nickomekl neighborhood surrounded by newly constructed town homes and condos, within short walking distance to Brydon Lagoon nature trail, various parks community rec centres, Elementary School, shopping, gourmet restaurants, public transit & future Skytrain. Surrounding properties may also be available. (id:48205)

3 Bedroom 2 Bathroom 1124
For sale
$1,388,000
27239 29A AVENUE, langley, British Columbia

27239 29a Avenue

Langley, British Columbia

Approved Building permit for 25 children daycare. 10,000 sq ft (100' x 100') Flat Fully Usable lot. Downtown Aldergrove Core Area, C-2 zoning Commercial; Medium density FAR 2.0 in the Aldergrove Neighbourhood concept plan ; 3 bedroom Fully renovated Rancher, New paint, laminate flooring, kitchen, island, backsplash, tile, plumbing fixtures, new fridge, washer, dryer, furnace, new windows, new plumbing, 1 bathroom; Quick access to Fraser Highway and Highway #1; Great property with a lot of potential. (id:48205)

3 Bedroom 1 Bathroom 1052
For sale
$1,380,000
4496 203 STREET, langley, British Columbia

4496 203 Street

Langley, British Columbia

Amazing Rancher with 4 bedrooms and 2 bathrooms on a private 8700 sq ft lot located in a quiet cul-de-sac. This home has been well maintained and is impeccably clean. Bedrooms are all good sized with lots of storage. Substantial dining room for those big family get togethers. Large sunken living room with cozy wood burning fireplace and access to the patio. Enjoy breakfast at the custom sit up island in the kitchen or out on your back patio overlooking the fully fenced private oasis backyard. Glass enclosure and hot tub included. New roof in 2020. Located in Langley city on the Brookswood border. Book your showings today! (id:48205)

4 Bedroom 2 Bathroom 1648
For sale
$1,380,000
5216 199A STREET, langley, British Columbia

5216 199a Street

Langley, British Columbia

LOCATED IN A GREAT LOCATION, THIS PROPERTY IS LOCATED CLOSE TO SCHOOLS AND PARK WITH CURRENT ZONING FOR FUTURE DEVELOPMENT! GREAT INVESTMENT! CALL OR TEXT FOR MORE INFO! (id:48205)

3 Bedroom 1 Bathroom 1122
For sale
$1,380,000
5244 199A STREET, langley, British Columbia

5244 199a Street

Langley, British Columbia

LOCATED IN A GREAT LOCATION, THIS PROPERTY IS LOCATED CLOSE TO SCHOOLS AND PARK WITH CURRENT ZONING FOR FUTURE DEVELOPMENT! GREAT INVESTMENT! CALL OR TEXT FOR MORE INFO! (id:48205)

3 Bedroom 1 Bathroom 1100
For sale
$1,379,900
19702 36 AVENUE, langley, British Columbia

19702 36 Avenue

Langley, British Columbia

Spectacular Brookswood home 2161 sf split entry style home on a huge flat rectangular 9148 sf lot. Tone of updates form 2012 to current, thousands spent! Walk thru the font door and head up to your spacious updated kitchen w/newer appliances, lvg rm w/wood fp, dng rm with access to your brand new deck. 3 large bdrms + 2 full bthrms upstairs. Your basement has a massive rec rm/games rm w/gas fp + bdrm, HUGE laundry/utility/open area w/ri plumbing. Wired for a hot tub, new light fixtures, vinyl windows, newer siding, soffits, fascia boards, added insulation, newer kitchen, plus so much more. Beautifully fenced yard w/rv parking, double garage + room for 6-8 more vehicles. This home has it all, turn key ready. Call today to come see your new home! (id:48205)

4 Bedroom 2 Bathroom 2161
For sale Open House
$1,379,000
4473 203 STREET, langley, British Columbia

4473 203 Street

Langley, British Columbia

Welcome Home! This lovely split-level 4 bedroom and 4 full bath family ( 3 Bed & 2 Full Bath on upstairs ) home is ready for your family. The property is situated on a large corner lot approx. 7440 Sqft. RENOVATED kitchen w/ new white shaker upper cabinets, stylish grey lower cabinets & backsplash, corner island, crown moldings, new laminate floors, cozy gas fireplace & double glazed windows. Shared laundry downstairs. Spacious upper sundeck. BIG, FULLY FENCED BACKYARD w/ large shed located in a QUIET NEIGHBORHOOD.TWO MORTGAGE HELPERS: 1-bedroom basement & a studio w/ separate entry. Walking distance to Alice Brown elementary school and short drive to shopping malls, Brookswood secondary school, and future sky train station.OPEN HOUSE May 5, 2024 (SUN) 2-4 PM (id:48205)

4 Bedroom 4 Bathroom 2100
For sale Open House
$1,379,000
20052 49A AVENUE, langley, British Columbia

20052 49a Avenue

Langley, British Columbia

Gorgeous, well cared for 3 bed, 2 bath rancher located in one of the best cul de sacs in Langley City! Great reno's and upkeep have kept this home looking fantastic. BRAND NEW KITCHEN APPLIANCES, massive kitchen, excellent lay out. Big windows allowing tons of natural light. Oversized closets in the bedrooms. Big fenced flat yard with 2 patios, perfect for entertaining and relaxing with family. Located in a quiet and peaceful area. This one is a must see! Showing Sunday May 5th 11:00-13:00 (id:48205)

3 Bedroom 2 Bathroom 1896
For sale
$1,379,000
20510 76 AVENUE, langley, British Columbia

20510 76 Avenue

Langley, British Columbia

*UPADTED* A brand new under construction 1/2 duplex by Harwest Homes! Beautiful 3 Storey Duplex. Grand Kitchen, soft close cabinetry, Quartz countertops and large Island with bar style seating, high end Stainless steel appliances and hot water on demand. 3 Spacious bedrooms up with, Primary Bedroom complete with sleek 4 piece Ensuite! 2/5/10 Year home warranty. Low energy costs. Ease of access to shops and eateries, heath & wellness and public transportation. Separate entry for lower floor. Completion estimated Summer 2024. No Maintenance or Strata Fees! (id:48205)

4 Bedroom 4 Bathroom 2456
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About The City of

Langley

Langley is split between between two municipalities; the Township of Langley, and the City of Langley. Since the two municipalities are so close, they tend to share many of the major amenities and work closely with one another to ensure that the region is able to prosper together. For the last ten years, Langley has seen an explosive of both commercial and residential developments. Both of these are in large part due to significant infrastructure improvements on the Port Mann bridge, as well as rumored plans of Translink extending the Skytrain to the City of Langley over the next ten years.

Neighborhoods in

Langley

The neighborhoods in Langley can vary greatly in price depending on where you want to purchase. That being said, the core of Langley’s shopping and entertainment is conveniently located in the geographical center of the town. This helps ensure that no matter which community you live in, you can easily access everything within a 10 minute car ride.

Some of the most sought after neighborhoods in the Fraser Valley can be found in the Township of Langley; Fort Langley, Walnut Grove, and High Point.

map of langley

Amenities in

Langley

Langley has a strong reputation as having some of the most premium amenities across the Fraser Valley. Whether your family enjoys swimming, biking, hiking, or team sports, there is something for everyone.

The Township of Langley operates some of the lushest parks and state-of-the-art facilities West of the Fraser River. Many Surrey and Abbotsford residents travel into Langley to make use of all of the incredible spaces.

  • Walnut Grove Community Park
  • Campbell Valley Regional Park
  • Derby Reach Regional Park
  • Aldergrove Park
  • Fort to Fort Trail
  • Walnut Grove Community Centre
  • Aldergrove Credit Union Community Centre

There are over 50 schools in Langley, BC. So whether you’re looking to enroll your children in a public elementary school, or you have a high school graduate seeking post-secondary education, there is a school for everyone.

  • Nicomekl Elementary
  • H.D. Stafford Middle School
  • Douglas Park Community School
  • Brookswood Secondary
  • Walnut Grove Secondary School
  • St. Catherines Elementary School
  • Alice Brown Elementary
  • Kwantlen Polytechnic University (KPU)
  • Langley Secondary School
  • RE Mountain Secondary School
  • Dorothy Peacock Elementary
  • Gordon Greenwood Elementary School
  • Trinity Western University

Since Langley is situated between Surrey and Abbotsford, while also bordering the United States, it has become a shopping and entertainment mecca in BC.

  • Willowbrook Mall
  • Langley Events Centre
  • Cineplex Cinemas Langley, formerly Colossus
  • Fort Langley
  • Walnut Grove Community Centre
  • Twilight Drive-in Theatre
  • Fast Track Indoor Karting
  • Chuck E. Cheese
  • Cascades Casino Langley
  • Extreme Air Park

Langley has undergone significant improvements to transportation options. With many neighbourhoods becoming more and more walkable, and Translink making large infrastructure investments into increased bus’ and Skytrain developments.

  • Uber
  • Translink Bus service
  • Many walkable neighbourhoods
  • KPU Inter-Campus Shuttles
  • BC Transit shuttles to Abbotsford and Chilliwack
  • Langley Regional Airport

Economic Stats for

Langley

Langley’s economy has been significantly growing over the last 10 to 20 years. Before you lay your roots and purchase a property in Langley, it is important to understand the primary job creators and the economic drivers of the community.

Statistics Canada’s 2016 Census reports that Langley’s population in 2001 was approximately 87,000 and in 2016 it rose to over 117,000 people. This resulted in an average growth rate of 2.52% per year

As more and more Vancouver families decide to move out of the city this trend is expected to continue for the foreseeable future.

Statistics Canada reported that in 2017 1 in 3 households in the Township of Langley had a household income of over $80,000. Nearly 8% of families had a household income of well over $150,000 per year.

Real estate prices in Langley vary greatly depending on the neighbourhood. It’s important to not just consider price when purchasing a property.

Langley March 2021 Price Three Year % Change
Detached House $1,279,600 24%
Townhouse $635,500 10%
Apartment/Condo $434,100 3%

(From MLS® Home Price Index – Fraser Valley Real Estate Board March 2021.)

LANGLEY TOWNHOMES AND CONDOS

You will find plenty of new developments that feature brand new townhomes and condos for sale in Langley. These new home developments often will offer no tax on your brand-new townhouse in Langley, and the townhome for sale will also be under warranty should anything come up as the home settles.

Traditionally prices for townhomes for sale in Langley start at approximately $490,000 for smaller older townhouses and can reach into the high $500,000’s for new townhouse developments. The approximate prices for condos for sale in Langley start at as low as $420,000 for an older studio or one-bedroom condo unit. For new condos for sale in Langley, you can expect prices at approximately the $400-600,000’s range.

LANGLEY ACREAGES AND DETACHED HOMES

Langley is also full of beautiful large acreages and large estate homes for those with a larger real estate budget. Some of these detached Langley homes will easily exceed the $1,000,000 CDN mark but will likely be an excellent investment down the road, depending on where you are looking, as Langley has plenty of room to grow and plenty of properties that can be subdivided.

Residential Property Tax Rate for Langley City from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.217%     0.128%       0.386%
2019     0.203%     0.118%       0.358%
2018     0.210%     0.124%       0.371%

Langley has a very strong and diverse local economy. With hundreds of different businesses across dozens of industries, this community is very well balanced.

Agricultural land plays a significant role in Langley’s economy. With nearly 75% of all the land being reserved for agricultural purposes. Langley is responsible for a vast majority of the agricultural output of Greater Vancouver.

Film and Television have a growing impact on Langley’s economy. With recent infrastructure developments to support state-of-the-art studios, we expect the film industry to be a primary driver for the foreseeable future. Small town Fort Langley is known for some of the biggest hit Netflix films.

Rental Potential in

Langley

Are you a rental property investor searching for your next property? Or even a young family looking to offset the cost our your dream home with a mortgage help? Then you need to understand the common costs and rental rates in Cloverdale.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In Langley City, you can expect to pay around 0.210% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.

In February 2021, Aldergrove Star reported that Langley’s rental market has an extremely low vacancy rate. In fact, the 1.9% vacancy rate is substantially lower than even Vancouver.

With such low vacancy rates, this gives landlords the upper hand in terms of rental rate negotiations. It is not uncommon to find one-bedroom apartments renting in excess of $1,000 per month.

Monthly rents will vary greatly depending on the location and quality of the home. While these estimates will help you understand the general pricing, its best to speak with a professional real estate agent or property management company to get the most accurate rental rates for your property.

Estimated Monthly Rents:

1 Bedroom – $1,200 – $1,600 per month

2 Bedroom – $1,400 – $1,900 per month

3 Bedroom – $2,400 – $3,700 per month