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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
$709,900
5 20591 51A AVENUE, langley, British Columbia

5 20591 51a Avenue

Langley, British Columbia

Wonderful family oriented complex. Across the street from Blacklock Fine Arts Elementary, blks from Newlands golf club and close to all amenities including pool. Updates include thermal windows, exterior doors, appliances. Kitchen and bathroom renovation in 2023. Huge deck backing onto greenbelt and playground for children. these units rarely come up for sale and don't last long. (id:48205)

3 Bedroom 2 Bathroom 1151
For sale Open House
$709,000
417 20695 EASTLEIGH CRESCENT, langley, British Columbia

417 20695 Eastleigh Crescent

Langley, British Columbia

New development condo with two bed two bath + den unit situated near the downtown core of Langley City. This unit features an ideal floor plan, sleek modern finishings, custom-designed millwork, stainless steel appliances, balcony and in-suite storage. 2 parking stalls include, central location! Just steps from the historic boutique ships of downtown, minutes to Willowbrook Shopping Centre, Kwantlen Polytechnic University, and will be a 10-minute walk to the upcoming skytrain station. Amenities include community garden plots, a playground for the kids, and a co-works space with a private meeting/board room. Contact today. Multi purpose room, and kids park (id:48205)

2 Bedroom 2 Bathroom 887
For sale
$708,000
503 5398 207 STREET, langley, British Columbia

503 5398 207 Street

Langley, British Columbia

Vera Downtown Langley! 2 Bed 2 Bath compact and affordable Unit, 8 minutes walk from future skytrain station in 2028. The unit comes with 1 free parking and 1 free Locker. Locker on the same level of the unit. Wall-mounted AC,EV parking option, 9 feet floor height, open design kitchen, brand appliances. Live or invest! Action Fast! (id:48205)

2 Bedroom 2 Bathroom 746
For sale
$705,000
103 20267 72 AVENUE, langley, British Columbia

103 20267 72 Avenue

Langley, British Columbia

New Development Flora & Fauna, featuring the corner unit and conveniently situated on the ground floor. Nestled in Willoughby, this residence offers close proximity to schools, shopping, dining, and easy access to HWY 1. Boasting 2 bedrooms, 2 bathrooms, plus a den, this home radiates contemporary elegance with its Quartz Counters, Stainless Steel Appliances and Elegant Lighting. The modern complex presents over 4000 square feet of indoor/outdoor entertainment space, featuring a park, playground, kitchen, lounge, gaming center, and gym. (id:48205)

2 Bedroom 2 Bathroom 897
For sale Open House
$704,900
317 20882 82 AVENUE, langley, British Columbia

317 20882 82 Avenue

Langley, British Columbia

Discover Unison, by reputable developer Mortise, a collection of family apartments nestled in the heart of Willoughby-Yorkson. These homes offer versatility with studio, one, two, and three-bedroom units to choose from, total of 178 residences. Your comfort is paramount, thanks to features like efficient forced air heating, optional centralized A/C, and intelligent smart controls. Unison is more than just a home; it's a community. Enjoy on-site daycare, an expansive 8000 sq ft rooftop patio, and 3000 sq ft of indoor amenities, including a party hall, media room, and a fully-equipped gym. With a secure 2, 5, 10 home warranty, your investment is safeguarded. For a remarkable living experience in Langley, Unison stands as the unparalleled choice. Showhome located at 8192 208 St. (id:48205)

2 Bedroom 2 Bathroom 828
For sale
$699,999
306 20286 72B AVENUE, langley, British Columbia

306 20286 72b Avenue

Langley, British Columbia

. (id:48205)

2 Bedroom 2 Bathroom 893
For sale
$699,999
316 20267 72 AVENUE, langley, British Columbia

316 20267 72 Avenue

Langley, British Columbia

Assignment of contract. Welcome to Flora & Fauna! This beautiful and spacious two bedroom Condo is located in the heart of Willoughby and has 2 Bedroom, 2 Bathrooms, and 848 sqft of living space, which provides plenty of room for comfortable living. The development has more than 4,500 sq. ft. of indoor and outdoor amenities including: outdoor urban park area with playground, indoor entertainment space with kitchen, lounge and gaming space as well as a private gym. Estimated completion Spring 2024. 1 parking stall, 1 storage locker and 1 bicycle locker included. (id:48205)

2 Bedroom 2 Bathroom 848
For sale Open House
$699,900
509 5486 199A STREET, langley, British Columbia

509 5486 199a Street

Langley, British Columbia

Open House Sat & Sun 2-4pm! TOP FLOOR in EZEKEIL, mins away from future Skytrain - Langley City! Never worry about street parking. This home has 3 PARKING Stalls (one of which has an overhang for a full size truck) Immaculate 2 bedroom and spacious DEN, 2 bathroom condo offers soaring 10-14 ft ceilings with an abundance of natural light. A well appointed layout with no wasted space, both bedrooms separate with their own ensuite, Custom closet system in Primary & a bonus den large enough for a 3rd bedroom. Featuring stainless steel appliances, quartz countertops, laminate flooring & in suite laundry - Upgraded FULL size LG washer/dryer. Enjoy eastern exposure & MTN views from your private generous sized outdoor patio. Comes with 2 Stg Lockers. Building has a lounge/yoga rm/gym/playground. (id:48205)

2 Bedroom 2 Bathroom 919
For sale Open House
$699,900
C409 8150 207 STREET, langley, British Columbia

C409 8150 207 Street

Langley, British Columbia

Union Park built by one of BC's best builders POLYGON! This almost brand new home has 2 bedrooms that are separated by the living space, a den, 2 full baths and 2 side by side parking stalls right by the elevator! Inside find a modern colour scheme everyone can love with stone counters, stainless steel appliances and wood laminate floor throughout. Inspired by East Coast architecture the exterior has striking red brickwork + and 85,000 sq ft park and 12,000 sq ft club house with outdoor pool, gym, games room and BBQ area. If you are looking for a relaxing place to live with 2 parking stalls in Booming and convenient Willoughby 3 min drive to HWY 1 and shopping. This is your new home. Open House May 4 & 5 from 2-4pm (id:48205)

2 Bedroom 2 Bathroom 938
For sale
$699,900
A515 20834 80 AVENUE, langley, British Columbia

A515 20834 80 Avenue

Langley, British Columbia

Alexandra Square by award-winning developer, RDG, conveniently located in the thriving Willoughby neighbourhood across from the Town Centre. This 2 bed 2 bath corner unit features modern style with efficient plan that let you live in a functional space, with bright and airy open layouts. Nearby Shopping mall, Recreation Centres, School. Quick and easy access to public transit and Highway 1, Fraser Highway. Meet neighbours and friends in the landscaped courtyard or entertain guests on your common rooftop patio or in the entertainment lounge with full kitchen. Call to book your showing NOW! (id:48205)

2 Bedroom 2 Bathroom 863
For sale
$699,900
512 8140 200 STREET, langley, British Columbia

512 8140 200 Street

Langley, British Columbia

Welcome to Eastin by Essence Properties, a collection of condos in Langley's up and coming Willoughby neighborhood. This corner 2 bed 2 bath home presents an open layout featuring a chef-inspired kitchen, quartz countertops, and top-notch appliances. Also, one parking, one locker, vinyl upgrade and AC is included in the purchase price. Enjoy the convenience of smart amenities with digital lockbox, smart visitor entry, walkable outdoor spaces, a dog area, car wash, and a fitness center. Convenient location close to shops, services, recreation and schools, with easy access to transit and the highway. (id:48205)

2 Bedroom 2 Bathroom 910
For sale Open House
$699,888
B415 20834 80 AVENUE, langley, British Columbia

B415 20834 80 Avenue

Langley, British Columbia

Welcome to Alexander Square! This well-designed TWO-bedroom plus Den Corner unit on the Fourth floor is ideal for growing family. It features a fantastic floor plan with almost 9-foot ceilings, stainless steel appliances, pot lights in the kitchen, pendant lights over the kitchen island, a built-in washer/Dryer and a CRV fan for fresh air throughout the unit. This unit comes with 2 parking stalls and 2 storage locker and has all the developers upgrades, South East Facing Corner Unit with Large L1 Plan. Please call to book a private showing. (id:48205)

2 Bedroom 2 Bathroom 872
For sale
$699,800
406 7809 209 STREET, langley, British Columbia

406 7809 209 Street

Langley, British Columbia

WELCOME TO THE WYATT! Feat. a 2 BED/FLEX + 2 BATH and 2 side-by-side parking spaces! The white soft-close cabinets paired with upgraded black fixtures and hardware in the kitchen, are highlighted by pendant lighting, quartz c/t & s/s appliances. The space is flooded with TONS of NATURAL light from the abundance of oversized windows, maximizing brightness all day and providing UNOBSTRUCTED views of the courtyard without peering into other buildings. Upgrades incl. a built-in desk in the flex space, perfect for a home office or study area. Located within MINUTES of all levels of school. Comes w/ 2 storage lockers. Willoughby Town Centre, with its array of restaurants, grocery stores, and other essential amenities, is just a stone's throw away, making this home the epitome of ideal living! (id:48205)

2 Bedroom 2 Bathroom 913
For sale Open House
$699,000
B416 8447 202 STREET, langley, British Columbia

B416 8447 202 Street

Langley, British Columbia

Discover the epitome of elegance and sophistication in this stunning unit located in the highly sought-after Willoughby area of Langley. This remarkable residence presents an exceptional opportunity to indulge in a refined living experience with 2 bedrooms + den, 2 bathrooms, and a truly REMARKABLE feature - a sprawling patio around the unit! Great amenities with fitness & yoga, games rm, dog wash station, outdoor bbq station & more! All of this within walking distance to shops, schools & parks & perfect for the commuters with quick access to Hwy 1, Carvolth park & ride /transit! Comes with 1 parking (id:48205)

2 Bedroom 2 Bathroom 915
For sale
$699,000
2 5355 201A STREET, langley, British Columbia

2 5355 201a Street

Langley, British Columbia

Affordable living in Pacific Court! Location is great~ walk to schools, transit, shopping, rec, medical, library, restaurants all near! This 1286 2 bdrm, 2 bthrm has a spacious layout and feels like a single family home! Main floor has large living room for hanging out and tv time, and the kitchen has a flex space off it that leads to the huge private upper deck. Large dining area for family dinners. Fantastic large private fenced yard ~ perfect for kids & pets . Both bedrooms are massive, making bedroom sharing easy! Primary suite has his and hers closets and a 5 pc jack and jill ensuite/bath. Parking for two with the double tandem garage. Great value in this boutique 23 unit family friendly complex. Call today to view! (id:48205)

2 Bedroom 2 Bathroom 1286
For sale
$699,000
104 19825 54 AVENUE, langley, British Columbia

104 19825 54 Avenue

Langley, British Columbia

Forme on 54th is the latest community-centred complex by renowned developer Whitetail Homes. This 4-storeybuilding has only 62 units and this unit has it all, with 1,056 square feet of living space, 3 bedroom + 2 bathrooms. The kitchen will feature stone counters, stainless steel appliances, modern hardware, incredible tile backsplash. Relax and unwind in your spacious, open concept living room, then get a good night's sleep in one of 3 ample-sized bedrooms. and the privacy of your own ensuite bathroom off the primary bedroom. Call for more information. (id:48205)

3 Bedroom 2 Bathroom 1056
For sale
$699,000
B218 20834 80 AVENUE, langley, British Columbia

B218 20834 80 Avenue

Langley, British Columbia

2 Bed,2 Baths ,covered Big Patio Corner unit in Alexander Square for Sale.This development is being built by one of the best Developers,RDG Development.Amazing floor plan with 9'ceiling,Stainless Steel Appliances,Pot lights in Kitchen.Kitchen is Huge with Window.pendant lights over island/eating bar,built in Washer,CRV fan throughout the unit for fresh air,plenty of Dayligt.Bedrooms are big sizes.Interior amenities including Fitness room,Party room with Kitchen and much more.Exterior amenities are roof deck w/ BBQ facilities and outdoor seating, courtyard with fire pits and community garden pots.Small playground for kids.Steps to shops services& School. quick & easy access to public transit and commuter routes including Hwy 1, Fraser Hwy, and Hwy 10.Close to upcoming Skytrain Station.Close to Willowbrook Shopping Centre. (id:48205)

2 Bedroom 2 Bathroom 910
For sale
$698,800
404 23255 BILLY BROWN ROAD, langley, British Columbia

404 23255 Billy Brown Road

Langley, British Columbia

Elevate your living experience to the pinnacle of sophistication with this exclusive top-floor penthouse, boasting a captivating river view from your private balcony. The moment you step into this residence, the vaulted ceilings and meticulously curated interior design elements take this unit to another level. This exceptional property offers a seamless blend of style and functionality, featuring exquisite Maple engineered hardwood, stainless steel appliances, a gas stove, granite countertops, a heated bathroom floor, and a spacious balcony. Conveniently situated just steps away from shops, cafes, pubs, groceries, and the quaint attractions of Fort Langley, this residence provides a tranquil retreat with easy access to the Fort to Fort Trail. (id:48205)

1 Bedroom 1 Bathroom 707
For sale
$698,000
216 20286 72B AVENUE, langley, British Columbia

216 20286 72b Avenue

Langley, British Columbia

ELIGIBLE FOR PTT EXEMPTION! SAVE UP TO $11,960!!! Welcome to Flora. A new development by Tangerine Developments. This unit boasts almost 850 sq ft of functional living space. It has 2 large bedrooms, and a den/storage room. The unit has the "Stellar" colour scheme, wide-plank vinyl flooring, soft close cabinets & drawers, quartz stone countertops, black hardware/hinges for a modern feel, contemporary roller blinds, under-mount stainless steel kitchen sink, Samsung Stainless Steel appliance package. The complex features 4,500 sqft of outdoor & indoor amenities like: private urban park, playground, gym, gaming space, party room - with kitchen & TV. All this while being minutes from Downtown Langley and Hwy 1 for quick access to Vancouver. (id:48205)

2 Bedroom 2 Bathroom 848
For sale
$698,000
521 8117 200A STREET, langley, British Columbia

521 8117 200a Street

Langley, British Columbia

Eastin by Essence Properties located in the thick of Langley's thriving Willoughby, close to Willowbrook and Walnut Grove. Offers chef inspired kitchens with quartz countertops, accent glass cabinets, SS appliances, Upgraded Vinyl plank flooring throughout the unit. Corner unit with South East facing from the balcony, Light color scheme, 1 parking & 1 locker & A/C. Slip into an easy way of life, where shops, services, parks, and schools are just outside your front door. Grab dinner and drinks at a favourite restaurant, pick up groceries on your way home, or take your pup to the dog park. Entertainment is also close - watch a sporting game or attend another event at Langley Event Centre or catch a new film at the cinema. Getting around is a breeze with highway access and transit nearby. (id:48205)

2 Bedroom 2 Bathroom 874
For sale
$698,000
310 20362 72B AVENUE, langley, British Columbia

310 20362 72b Avenue

Langley, British Columbia

Discover our charming 2 bedroom + spacious den, 2 bathroom sanctuary on the 3rd floor, featuring one parking stall, beautiful laminate flooring, and modern flat-panel trim that harmonizes with The Jericho's open layout. The kitchen boasts sleek stainless-steel appliances and granite countertops, while the contemporary bathrooms are adorned with marble tiles and Kohler fixtures. The bright, southeast-facing corner unit provides a generous den for a versatile home office or relaxation area. Perfectly located just a five-minute drive from Willowbrook Mall, Willoughby Town Center, and local schools, it's an ideal spot for first-time buyers and investors, offering convenience and style right at your doorstep. (id:48205)

2 Bedroom 2 Bathroom 1045
For sale
$696,900
101 20267 72 AVENUE, langley, British Columbia

101 20267 72 Avenue

Langley, British Columbia

Introducing FLORA! Discover this exceptional GROUND FLOOR unit in Langley's Willoughby community. Step inside this stunning 866sqft space featuring 2 bedrooms, a den, & 2 bathrooms. Immerse yourself in the luxurious ambiance created by wide-plank vinyl flooring, soft-close cabinets, a deluxe stainless steel appliance package, and durable quartz stone countertops. The unit offers the convenience of 2 PARKING spots, 1 storage space, and 1 bike locker. With 9-foot ceilings, both bedrooms boast walk-in closets. Embrace the outdoors with a spacious PATIO, being a GROUND floor unit. Just a few minutes' drive away from Costco, Walmart, Superstore, shopping centers, public transit, and schools. Perfect for families with young children or elderly parents. Late Spring / Early Summer 2024 completion. (id:48205)

2 Bedroom 2 Bathroom 866
For sale
$695,000
307 20614 80 AVENUE, langley, British Columbia

307 20614 80 Avenue

Langley, British Columbia

Find comfort and calm at Ellery, a boutique collection of one and two bedroom apartment homes nestled in Langley's desirable Willoughby neighbourhood. Superior concrete construction is paired with sophisticated, minimalist design and a serene rooftop patio lounge. Live above a suite of wellness-inspired businesses, and steps from the shops and services at Willoughby Town Centre. At Ellery, living well is simply effortless. Assignment of Contract, call for more information! (id:48205)

2 Bedroom 2 Bathroom 838
For sale
$695,000
F407 8353 200A STREET, langley, British Columbia

F407 8353 200a Street

Langley, British Columbia

Location will make you to feel extra proud. Welcome to highly desirable Latimer Heights Village. this large 876 sq. ft. 2 Bedroom, 2 Full Bath, corner unit, luxury condo - laminate flooring throughout, with quartz counter tops in kitchen, equipped with upgraded S/S dishwasher, microwave, refrigerator and high-end gas stove (Gas is included in strata fees). Floor-to-ceiling windows floods the home with natural light. Experience the glamor of a vibrant rooftop community garden, a play area for children, a mini-golf set up, and a gas BBQ space. Large storage locker and Underground Parking with lots of visitor parking. Easy access to Hwy 1, Willow Brook Mall and Walnut Grove. (id:48205)

2 Bedroom 2 Bathroom 867
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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