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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
$1,359,900
19661 74 AVENUE, langley, British Columbia

19661 74 Avenue

Langley, British Columbia

No Strata! South 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, Laminate throughout including stairs, Acrylic high end cabinets, 10' ceiling on main, all countertops with quartz; Energy efficient natural gas heating throughout; Three level living offers all the perks - PLUS Fully finished Basement with separate entry, large rec room, 2Bed and 2bath. Detached garage with EV Charger. 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 sqft
For sale
$1,359,888
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. (id:48205)

3 Bedroom 3 Bathroom 1760 sqft
For sale
$1,358,800
22969 BILLY BROWN ROAD, langley, British Columbia

22969 Billy Brown Road

Langley, British Columbia

BEDFORD LANDING | NON-STRATA ROWHOME | 4 BED / 4 BATH | 2,017 SQ/FT | Nestled in historic Fort Langley sits this perfect family home or investment opportunity! Enjoy that Fort Langley lifestyle without paying a monthly strata fee! Step inside to discover a spacious floorplan ft. 4 bed/4 bath & finished bsmt. This home offers a perfect blend of comfort & style. Open concept living w/ a Chef's kitchen, S/S appliances & Gas Range. Large windows flood the interior with natural light, enhancing the timeless charm this home has to offer. Large Rec. space below - perfect for that mancave or kid's play area. Enjoy those warm summer nights on your outdoor patios, perfect for entertaining. Detached garage w/ separate parking pad...within walking distance from everything Fort Langley has to offer! (id:48205)

4 Bedroom 4 Bathroom 2001 sqft
For sale
$1,349,999
6949 201A STREET, langley, British Columbia

6949 201a Street

Langley, British Columbia

Welcome to the "The Creekside" built by Morningstar (Polygon Homes). Located in one of the most sought after neighborhoods in Willoughby due to its convenient accessibility to shopping centers, schools, Langley events center, and easy access to the freeway. Families love this neighborhood since schools are within walking distance and there is a loving community ready to welcome you in. With an extra parking space available through the back, it will be a breeze getting in and out of your home. There is a beautiful completed basement. Don't pass up this gorgeous starter home!! (id:48205)

5 Bedroom 4 Bathroom 2595 sqft
For sale
$1,349,988
19668 74A AVENUE, langley, British Columbia

19668 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 2 bed and 2 bath. 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 11-4pm. (id:48205)

5 Bedroom 5 Bathroom 2485 sqft
For sale Open House
$1,349,900
20567 51A AVENUE, langley, British Columbia

20567 51a Avenue

Langley, British Columbia

Fully Renovated (Roof, Kitchen, Floor, Bathroom, Paint, Blinds) 5 bed, 4 bath house! Starting upstairs, you'll find 3 bedrooms & 2 full bath, a bright & spacious living/dining room leading into the kitchen with an upgraded S/S Applaices & sliders that open up onto a huge deck, overlooking a large serene back yard & a lush greenbelt to enjoy all of the surrounding nature and beauty! Downstairs contains 2 bed suite w/a kitchen w/a large island, deep soaker tub in the main bath & a 3 pcs ensuite, within walking distance to Blacklock school, shopping, restaurants and so much more!. (id:48205)

5 Bedroom 4 Bathroom 2129 sqft
For sale
$1,349,900
27179 28A AVENUE, langley, British Columbia

27179 28a Avenue

Langley, British Columbia

Your own private Oasis awaits! So many cool things to say: Air Conditioner/Heat pump, Hot tub, low maintenance salt water pool, multiple decks, security system, work shops, parking for all the toys including covered RV parking with sewer clean out, all sitting on a very private 1/4 acre lot. House is wonderfully updated with high end flooring and island kitchen. Crown molding throughout and a cool little Nanny suite or place to house your teenager!.Walking distance to schools, transit, restaurants, the New community center and water park. Currently set up as a functioning 1 chair salon but could easily converted back into in-law suite. Come see today and another reason why... Love Aldergrove! (id:48205)

4 Bedroom 2 Bathroom 2076 sqft
For sale
$1,349,900
19647 74 AVENUE, langley, British Columbia

19647 74 Avenue

Langley, British Columbia

No Strata! South Facing- BRAND NEW home in the sought-after Bliss at Latimer subdivision. This 5-bed 5 bath Modern 1/2 Duplex 2485 sqft on 3 Level plus detached garage, lots of parking. Premium finishing's throughout, Laminate throughout, 10' ceiling on main, all countertops with quartz; Energy efficient natural gas heating throughout; Three level living offers all the perks - PLUS Fully finished Basement with separate entry, large rec room, 2Bed and 2bath. Detached garage with EV Charger. 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 sqft
For sale
$1,349,900
20836 52 AVENUE, langley, British Columbia

20836 52 Avenue

Langley, British Columbia

Huge 9,030 sq ft lot in a prime Langley location close to shopping, schools, transit and all amenities. Land Assembly/Development Potential! Sited for ground orientated residential multiplex/row houses. (id:48205)

3 Bedroom 2 Bathroom 1386
For sale
$1,349,800
20626 96A AVENUE, langley, British Columbia

20626 96a Avenue

Langley, British Columbia

Expansive 4 bedroom (two primary bedrooms) & den, 3-bathroom wheelchair friendly rancher boasting new skylights and updated windows on a quiet no thru street. The double garage has been transformed into a bedroom and a full ensuite with access from the house plus a separate entrance - perfect setup for nanny, in-laws, a bachelor suite or home office. Situated on a sprawling quarter acre lot in a highly sought-after Derby Hills neighborhood. Loads of parking in triple wide driveway plus extra parking on long side yard driveway with room for toys & RV & giving access to massive ultra private South exposed rear yard with large partly covered patio & workshop/shed. Minutes to everything. Quick Hwy access. (id:48205)

4 Bedroom 3 Bathroom 1803 sqft
For sale
$1,349,000
19833 36A AVENUE, langley, British Columbia

19833 36a Avenue

Langley, British Columbia

The perfect rancher on a huge lot! This home has been lovingly cared for with the same owner for the past 40 years. A beautifully maintained property greets you from the street with a 10 year old driveway that can fit all your cars and toys! Real hardwood floors throughout, an updated kitchen, windows, roof, and hot water on demand. Classic french doors off the dining room allow for the perfect summer nights spent relaxing in your massive, private backyard. Tons of storage options and a functional lay out offering 3 bedrooms and 1 and a half baths and crawl space. Close to Noel Booth Elementary and Brookswood Secondary, tons of shops and restaurants and transit. (id:48205)

3 Bedroom 2 Bathroom 1272 sqft
For sale
$1,349,000
20549 74B AVENUE, langley, British Columbia

20549 74b Avenue

Langley, British Columbia

A brand new under construction 1 unit Rowhome by Harwest Homes! Beautiful 3 Storey Rowhome. Grand Kitchen with large island, and hot water on demand. 2/5/10 Year home warranty. 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 2679
For sale
$1,348,888
2301 WAKEFIELD DRIVE, langley, British Columbia

2301 Wakefield Drive

Langley, British Columbia

WELCOME to this UPDATED gem, in a PRIME LOCATION across from Willowbrook Park and a stone's throw away from Willowbrook Shopping District! This STUNNING 4-Bed, 2-Bath home is a DELIGHT. The main floor offers a COZY living room featuring a BEAUTIFUL fireplace, perfect for family lounging. The kitchen boasts UPDATED SS appliances. The basement opens to a SPACIOUS REC ROOM & FLEX SPACE that can be CUSTOMIZED to suit your needs. With a blend of STYLE and COMFORT, this 1,811 sq. ft home sits on a 4,530 sq. ft FULLY FENCED, CORNER LOT. UPDATES INCLUDE: Furnace/Hot Water Tank 2020; Roof 2020; Paint 2020; Gutters 2022; Bedroom Carpets (Up) 2022; Bathroom 2023; Deck/Awning/Fence 2023. Close to Langley Meadows School, eateries, shopping, transportation & much more. (id:48205)

4 Bedroom 2 Bathroom 1811 sqft
For sale
$1,348,000
37 4750 228 STREET, langley, British Columbia

37 4750 228 Street

Langley, British Columbia

Denby in Murrayville! Impressive townhome with PRIMARY BEDROOM on the MAIN! This End unit 3 level unit is 2,557 sq ft,4 bdrms, 3.5 baths with open concept layout. High-end finishings with covered back patio, modern laminate hardwood, fabulous gourmet kitchen with quartz countertops, 5 burner gas range . The spacious primary bedroom with w/i closet and spa-like ensuite. There's also a quiet office near the front door. Upstairs has 2 large bedrooms with Jack & Jill bathroom. Enjoy entertaining downstairs in the huge media/rec room with extra bedroom with private full bathroom. Outside, you can relax in the fenced backyard and enjoy the panoramic mountain VIEWS. Great Murrayville location close to everything! (id:48205)

4 Bedroom 4 Bathroom 2557 sqft
For sale
$1,348,000
20587 84 AVENUE, langley, British Columbia

20587 84 Avenue

Langley, British Columbia

AMAZING opportunity to own both home and land where city meets country PARKSIDE BY INFINITY ROWHOMES excellent built with the best materials and designs HEMLOCK END UNIT offers 2,533 sq ft with a spacious main floor with 9 ft ceilings. State of the art kitchen with quartz counter-tops & sit up island. Upstairs includes 3 bed, loft laundry, vaulted master ceilings and luxurious 5 piece ensuite with separate shower & soaker tub. Fully finished basement with separate entrance, Huge rec room, 4th bedroom & full bath. Close to schools, parks, shopping mall, golf course, bus, easy access to Hwy 1 (id:48205)

4 Bedroom 4 Bathroom 2533 sqft
For sale
$1,345,000
19615 WAKEFIELD DRIVE, langley, British Columbia

19615 Wakefield Drive

Langley, British Columbia

Welcome to Langley Meadows - an amazing family oriented neighbourhood on the Willoughby / Clayton Border and close to all of the amenities that the Willowbrook area offers! This wonderful home has been beautifully updated throughout and is completely move-in ready with more than enough space for the entire family! 2 separate sunken living rooms, a formal dining area, a side-entry mud room with side-by-side laundry and a huge bonus room upstairs to complement the 5 Beds / 2.5 Baths. Updates include: an amazing modern kitchen, updated baths, new carpet, new paint, decking, and the roof was done less than a year ago! Relax in your large sunny west-facing backyard. Tons of space in the huge driveway for multiple vehicles. Click on the Virtual Tour link to see the amazing high-def Video Tour! (id:48205)

5 Bedroom 3 Bathroom 2497 sqft
For sale
$1,339,000
20473 43A AVENUE, langley, British Columbia

20473 43a Avenue

Langley, British Columbia

Brookswood Rancher with an 881sqft detached workshop on just under 1/4 acre. Ideally suited to the mechanically inclined or hobbyist. Workshop with skylights for natural daylight features a separate carpentry room, gas heater its own hot and cold running water and toilet. The house has been meticulously maintained; features 3 bedrooms and 2 bathrooms, a living room and a large family room, 2 gas fireplaces, a country kitchen with dining nook and sliders that open onto a private patio and back yard that is surrounded by mature hedges and trees. In addition there is an attached storage room, a tool shed, parking for 6 cars and an RV. A quiet family neighbourhood near uplands dog park. OPEN HOUSE SAT JUNE 22th 2-4 (id:48205)

3 Bedroom 2 Bathroom 1713 sqft
For sale
$1,339,000
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 APPLIANCES, massive kitchen, excellent layout. 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. (id:48205)

3 Bedroom 2 Bathroom 1896 sqft
For sale
$1,339,000
4775 208 STREET, langley, British Columbia

4775 208 Street

Langley, British Columbia

Huge 9,240 sq. foot lot, OCP zoned for "Ground Oriented Residential" land use, allowing for townhomes and plex homes (duplex, triplex and fourplex.) Live in this super quaint, well maintained and updated rancher while waiting for development. Loads of parking and a very private west facing all season backyard. Book your private showing today. (id:48205)

2 Bedroom 1 Bathroom 845 sqft
For sale
$1,333,333
7389 197 STREET, langley, British Columbia

7389 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 sqft
For sale
$1,333,333
7393 197 STREET, langley, British Columbia

7393 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)

5 Bedroom 4 Bathroom 2425 sqft
For sale
$1,333,333
7387 197 STREET, langley, British Columbia

7387 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. OPEN HOUSE SATURDAY 2-4 PM. (id:48205)

4 Bedroom 4 Bathroom 2425 sqft
For sale
$1,329,000
4504 202A STREET, langley, British Columbia

4504 202a Street

Langley, British Columbia

Welcome to this charming Family Home located in one of the most sought-after neighbourhoods in Langley. This property offers a perfect blend of modern amenities and classic charm, making it the ideal home for families looking for comfort and convenience.This home was completely renovated in 2022. The spacious and inviting living room with large windows fill the space with natural light. The renovated kitchen features quartz countertops, stainless steel appliances, and ample cabinet space, making it a chef's dream. A beautiful new deck with French doors is off the kitchen for all your entertaining needs. Downstairs you will find a one bedroom self contained suite with a separate entrance built in 2019. Close to transit, shopping, schools and restaurants. Move in ready! Don't miss out! (id:48205)

3 Bedroom 3 Bathroom 1818 sqft
For sale
$1,329,000
3989 205A STREET, langley, British Columbia

3989 205a Street

Langley, British Columbia

Fantastic Brookswood neighborhood! This charming 3-bed, 1-bath rancher is an ideal opportunity for anyone looking for the perfect blend of comfort and space. Nestled on a generous 11,608 sq ft corner lot, this property features a fully fenced yard, double garage, and an insulated detached shop with 220 wiring. Your formal dining room with french doors leads you to your complete private oasis where you can enjoy the convenience of the large covered patio perfect for outdoor activities and entertaining. Upgraded open concept kitchen overlooking the large living room with Cozy Gas fireplace. This home is ideal for those seeking a to downsize or for future building plans. Don't miss out on making this beautiful property your own. Open House Sat, June 22 at 12-2PM. (id:48205)

3 Bedroom 1 Bathroom 1127 sqft
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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