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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
$619,000
418 19935 75A AVENUE, langley, British Columbia

418 19935 75a Avenue

Langley, British Columbia

WELCOME to this "MOUNTAIN VIEW" immaculate 2 bed 2 bath expanding over 735 sqft made by multiple award winning developer, Zenterra Developments. A well laid layout top floor unit featuring an open concept, 11 ft ceilings, gourmet style kitchen and a spacious living room and bedrooms on the opposite side to provide the utmost privacy. Comes with 1 parking & 1 storage locker. Centrally located in one of the most rapidly growing neighborhood of Willoughby heights, close to all levels of schools, amenities, shopping malls, groceries, parks and so much more! This won't last! call today for more information! (id:48205)

2 Bedroom 2 Bathroom 735 sqft
For sale
$619,000
C222 8150 207 STREET, langley, British Columbia

C222 8150 207 Street

Langley, British Columbia

Beautiful Union Park by Polygon. This 2 Bedroom 1 Bathroom with functional kitchen with stainless steel appliances, gas range stove, stone countertops, soft closing cabinetry and a large kitchen island. Gas for cooking and hot water are included in strata fee. Over 8,500 Sq ft private park including BBQ terrace, gym, social gathering room, piano room, basketball court outdoor swimming pool and more. Steps away from shopping center, amenities and transit, etc. (id:48205)

2 Bedroom 1 Bathroom 730
For sale Open House
$618,000
A304 20834 80 AVENUE, langley, British Columbia

A304 20834 80 Avenue

Langley, British Columbia

Welcome to Alexander Square, this 1 year old development is located in a highly sought after location of Willoughby Heights. This 2 Bed, 2 Bath unit has a perfect floor plan: Separated bedrooms both with walk in closets and their own bathrooms. White & bright design aesthetic coupled with oversized windows provides this unit with abundant natural light and sunshine. The gorgeous island in the kitchen provides plenty of counter space and makes it an ideal place for preparing delicious meals. The spacious balcony in this inside unit is where you can relax and enjoy the serenity of your life. Unit comes with 1 parking & 1 storage locker. Building amenities including Gym, lounge, outdoor BBQ, and playground. Just steps to all shops and services, easy access to public transit and Hwy 1. (id:48205)

2 Bedroom 2 Bathroom 811 sqft
For sale Open House
$618,000
101 8558 202B STREET, langley, British Columbia

101 8558 202b Street

Langley, British Columbia

LIKE NEW & beautifully laid out 2 bed + den at Quadra Home's Yorkson Park West. Well situated with coffee shops just steps away, Carvolth Exchange easily accessible, and 2 blocks to Sushi Gio, Oak & Thorne, and countless other restaurants. Enjoy your own private exterior entrance into the solarium with adjustable windows, and features including a large gas range, massive bathroom with double vanity, and built in AC. The layout includes spacious living and dining rooms that can fit the whole family, with a kitchen built for entertaining. 2 parking and a private storage locker next to the parking. Open houses Jun 15/16 2-4PM (id:48205)

2 Bedroom 1 Bathroom 917 sqft
For sale
$615,000
304 20686 EASTLEIGH CRESCENT, langley, British Columbia

304 20686 Eastleigh Crescent

Langley, British Columbia

Welcome to Georgia West, Whitetail Homes' collection of exquisite condominiums in the heart of Downtown Langley. This Corner unit 2 BED+DEN (DEN can be used as home office, storage) has TOP OF THE LINE finishes including 9' ceilings, OPEN CONCEPT floorplan, stainless steel appliances, granite counters, high quality laminate flooring throughout,walk-in closet,and A/C in Master bedroom.PRIME LOCATION - close to future Langley Skytrain station and only steps from shopping, schools, recreation, restaurants of charming Downtown Langley. Five-minute drive to Langley Memorial Hospital, Kwantlen Polytechnic University, Cascades Casino.Tenanted property, appointment only with 48 hr notice please. (id:48205)

2 Bedroom 2 Bathroom 884 sqft
For sale
$615,000
308 5020 221A STREET, langley, British Columbia

308 5020 221a Street

Langley, British Columbia

Elegant 2-bed Murrayville condo with modern charm. High ceilings, chic vinyl plank flooring, and crown molding create a welcoming vibe. Gourmet kitchen features white shaker cabinetry, stainless appliances, and a quartz breakfast bar. The spacious living room boasts a stylish fireplace and opens to a large balcony with mountain views. Retreat to the master bedroom with walk-thru closets to a sleek 4-pc bathroom. Second bedroom/den on the opposite side. Additional perks: stacking washer/dryer, clubhouse, exercise center, guest suite, and a serene courtyard. Secure underground parking. Conveniently walk to shopping, dining, W.C. Blair Rec Centre, and Langley Memorial Hospital. A refined home for a sophisticated lifestyle. (id:48205)

2 Bedroom 1 Bathroom 726
For sale
$614,999
112 20219 54A AVENUE, langley, British Columbia

112 20219 54a Avenue

Langley, British Columbia

Court ordered sale. A rare opportunity to own one of the largest floor plans on ground level. This 2 bed / 2 bath plus den home offers expansive living spaces and a large sun drenched patio. The unit also comes with 2 parking stalls. The home is conveniently located within steps to transit and shopping. (id:48205)

2 Bedroom 2 Bathroom 1123 sqft
For sale
$610,000
212 8538 203A STREET, langley, British Columbia

212 8538 203a Street

Langley, British Columbia

BEST VALUE!! Discover elegance in this 2-bedroom suite located in the vibrant Willoughby Heights at Yorkson Park. This open concept floorplan featuring beautiful kitchen cabinets & SS appliances & 5 burner gas cooktop, air conditioning, laminate floor and deep soaker tub. Strata fee including gas and hot water, an eco-friendly HVAC system, a bespoke wooden wardrobe, and superior soundproofing. Great amenities with fitness & games room, 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! ---------Unit comes with 3 parkings and a storage locker. --------- (id:48205)

2 Bedroom 1 Bathroom 836 sqft
For sale Open House
$609,900
606 8327 201 STREET, langley, British Columbia

606 8327 201 Street

Langley, British Columbia

Welcome to Latimer Village, you'll discover a thriving community designed with a focus on connectivity & convenience. With its contemporary design, premium finishes, this two bedroom, two bathroom, TWO PARKING condo offers the perfect blend of comfort & convenience. The master bedroom features an ensuite bathroom equipped with two sinks, & both bedrooms feature custom organizers, maximizing storage space & ensuring a clutter-free environment. Enjoy top-floor living with 9' ceilings in the living room and both bedrooms. Residents can enjoy an array of boutique shops, cafes, & restaurants right at their doorstep, fostering a lively and welcoming environment. (id:48205)

2 Bedroom 2 Bathroom 770 sqft
For sale Open House
$609,900
C328 8150 207 STREET, langley, British Columbia

C328 8150 207 Street

Langley, British Columbia

This 755 square foot, 1 bedroom + flex, 1 bathroom home is park facing built by Polygon. It looks out onto 85,000 square feet of private park and the 12,000 square foot Union Club. This home features a spacious kitchen island, that doubles as your dining area, and a generous flex space off the living area that can work as a den, office or whatever you need most. Enjoy a spacious private park and the 12,000 sq. feet resort-style clubhouse with outdoor swimming pool. Close to school, transit and shopping mall.Open house Sunday June 16 from 2pm to 4pm. (id:48205)

1 Bedroom 1 Bathroom 755 sqft
For sale
$609,900
206 19830 56 AVENUE, langley, British Columbia

206 19830 56 Avenue

Langley, British Columbia

FANTASTIC INCOME PROPERTY !! Immaculate 2 bdrm & 2 bath HUGE 1198 Sq ft Apartment with Bonus of Southern Exposure overlooking Trees & Green Space yet walking distance to Shops, Parks, Schools & Bus. 9ft Ceilings, Spacious Open Kitchen with lots of counter space, & Island. Newer Stove, Fridge, Dryer, granite counter tops, upgraded flooring with family size living room with Electric Fp. Master Bdrm has a spacious Ensuite with Tub & Separate Shower and good size Second Bedroom. Laundry Room/ DEN. The large South facing deck, backing onto quiet Green Space with plenty of room for your BBQ is your PERFECT RETREAT from a long day. Oversized Storage Room on the same floor & 2 secure underground parking spots. RENTALS & PETS OKAY NO AGE RESTRICTION. (id:48205)

2 Bedroom 2 Bathroom 1198 sqft
For sale
$608,000
B121 20716 WILLOUGHBY TOWN CENTRE DRIVE, langley, British Columbia

B121 20716 Willoughby Town Centre Drive

Langley, British Columbia

Experience luxury living at Yorkson Downs by Quadra. This ground floor spacious residence boasts a huge 1 bed and den layout, complemented by a 203 sqft solarium for year-round multi-purpose use. The kitchen features a spacious U-shape design with quartz countertops, gas cooktop, and quality cabinetry. Enjoy the convenience of 1.5 baths, complete with heated floors, double basin, and a linen closet ensuite. Plus, indulge in the luxury of a big size walk-in closet. With 2 parking stalls and storage lockers, along with direct access to Willoughby Town Centre, every aspect of daily life is seamlessly convenient. Open house June 8th Sat 2~4pm. (id:48205)

1 Bedroom 2 Bathroom 1029 sqft
For sale Open House
$605,000
B305 8929 202 STREET, langley, British Columbia

B305 8929 202 Street

Langley, British Columbia

Welcome to THE GROVE, where comfort meets convenience! Step into this UPDATED 2-bedroom + den residence and immediately feel at home with its modern laminate flooring, gourmet kitchen featuring granite countertops and stainless steel appliances. With just over 900 sqft of living space, this unit includes a LARGE master bedroom with a 4pc ensuite, convenient in-suite laundry, and a BONUS DEN for added flexibility. Nestled in a gated community, relish in the peaceful atmosphere while enjoying proximity to shops, restaurants, HWY 1, Golden Ears Bridge and Carvolth bus exchange. Includes 1 underground parking and 1 storage. RENTALS/PETS ALLOWED. OPEN HOUSE JUNE 8 2:30-4:30PM (id:48205)

2 Bedroom 2 Bathroom 931 sqft
For sale
$600,000
#B411 8929 202 STREET, langley, British Columbia

#b411 8929 202 Street

Langley, British Columbia

Seeking a spacious condo in a prime locale? Look no further than this Walnut Grove penthouse. With 2 generously sized cross-hall bedrooms and 2 full baths, it offers an open layout living space, ideal for young families, downsizers, or roommates. Enjoy turnkey readiness with vinyl plank flooring, granite counters, and SS appliances. The NE-facing balcony boasts privacy from strategically placed trees and floods the unit with natural light. PETS allowed w/NO SIZE RESTRICTIONS! A proactive strata manages the development, ensuring financial security. Conveniently located near transit, shopping, park-and-ride, and recreation. Secured access to one parking stall and storage locker included. (id:48205)

2 Bedroom 2 Bathroom 847 sqft
For sale
$600,000
201 27262 FRASER HIGHWAY, langley, British Columbia

201 27262 Fraser Highway

Langley, British Columbia

Mixed Use Residential Commercial space located in the heart of Downtown Aldergrove right across from the Future Aldergrove Towncenter Master Community Plan. 2 two level Residential Units on the upper floors of approximately 1560 sq ft each and a commercial kitchen/restaurant space of approximately 2278 sqft on the ground floor with street access make it a great investment opportunity to get into as Aldergrove continues its future development of expansion and growth! Listed in Conjunction with R2806327 & C8053592 for a total of $2 mil. (id:48205)

2 Bedroom 3 Bathroom 1560
For sale
$600,000
202 27262 FRASER HIGHWAY, langley, British Columbia

202 27262 Fraser Highway

Langley, British Columbia

Mixed Use Residential Commercial space located in the heart of Downtown Aldergrove right across from the Future Aldergrove Towncenter Master Community Plan. 2 two level Residential Units on the upper floors of approximately 1560 sq ft each and a commercial kitchen/restaurant space of approximately 2278 sqft on the ground floor with street access make it a great investment opportunity to get into as Aldergrove continues its future development of expansion and growth! Listed in Conjunction with R2806326 & C8053592 for a total of $2 mil. (id:48205)

2 Bedroom 3 Bathroom 1560
For sale
$599,999
304 9124 GLOVER ROAD, langley, British Columbia

304 9124 Glover Road

Langley, British Columbia

FORT LANGLEY LIVING! Heritage Manor in the heart of historic Fort Langley is a small boutique building with only 16 units and friendly neighbours of all ages that treat each other like family. This STUNNING large 1 bedroom home has been COMPLETELY RENOVATED with new flooring, lighting, kitchen, bathroom, appliances, millwork and mudroom. Designed There's a sunny west facing patio for people-watching along Glover Road. You are steps from Fort Langley favourites: Trading Post Brewery, Omni, Saba Bistro, Wendels, Blacksmith Bakery, and plenty more boutiques. Get ready for a lifestyle change you won't regret and call the Fort home. 1 open parking plus secure storage locker included. 1 Pet allowed. Strata now professionally managed! Showings by private appointment only. (id:48205)

1 Bedroom 1 Bathroom 749 sqft
For sale
$599,999
409 19939 55A AVENUE, langley, British Columbia

409 19939 55a Avenue

Langley, British Columbia

Location, Location,Location. Madison Crossing is a professionally managed building in the heart of Langley! Close to Willowbrook Mall, transit, restaurants, schools and a park! This is TOP FLOOR 2 Bed, 1 Bath & Den condo. Brand new laminate floor was installed & the wall was newly painted.The new washer & dryer was replace this year & new dishwasher was replace last year.This unit features VAULTED CEILINGS, S/S appliances granite countertops in both the kitchen and the bathroom, beautiful views from your balcony and 2 UNDERGROUND PARKING STALLS for extra income!! Pets and rentals allowed. (id:48205)

2 Bedroom 1 Bathroom 806 sqft
For sale
$599,999
308 19721 64 AVENUE, langley, British Columbia

308 19721 64 Avenue

Langley, British Columbia

Welcome to Westside Estates, you will fall in love with this top floor south facing penthouse style home!!! Meticulously cared for, this home boasts over 1100 sq ft and offers many things like 11'4'' vaulted ceilings 2 bed 2 bath, open concept living and many recent updates such as Engineered hardwood throughout, new trim, casings, baseboards, paint, windows, and fixtures!!! Enjoy bbq's on your patio and steps away from all amenities, shopping, and close to all levels of schools. Storage locker is located just down the hall, as well as a guest suite if needed. 2 parking spots and a 10 minute walk to the new Langley Skytrain location! Rentals allowed and pets with some restrictions. This is the one!!! (id:48205)

2 Bedroom 2 Bathroom 1106
For sale
$599,900
302 19835 64 AVENUE, langley, British Columbia

302 19835 64 Avenue

Langley, British Columbia

YOUR LANGLEY HOME SEARCH IS OVER ! Welcome to Willowbrook Gate, an exclusive gem located in the highly sought-after 'Willoughby Heights' located within minutes from Willowbrook mall, eateries, transit and schools.This 2 bed, 2 bath PENTHOUSE corner unit is the perfect place to call home. This home boasts over 1,100 sq ft of living space with an open-concept living area that is perfect for entertaining.Revel in the luxury of an in-suite laundry, spacious master bedroom that features a walk in closet, ensuite & a spacious kitchen with stainless steal appliances. Enjoy the beauty of the summer sunsets on your balcony with your family and friends. Schedule your private showing before its gone! (id:48205)

2 Bedroom 2 Bathroom 1193 sqft
For sale
$599,900
406 5504 BRYDON CRESCENT, langley, British Columbia

406 5504 Brydon Crescent

Langley, British Columbia

. (id:48205)

2 Bedroom 1 Bathroom 663 sqft
For sale
$599,900
208 19945 BRYDON CRESCENT, langley, British Columbia

208 19945 Brydon Crescent

Langley, British Columbia

Welcome to Atrium where you will find this nearly new 2 Bedroom 2 Bath home with the largest balcony in the complex! This home is loaded with a large gourmet kitchen featuring stainless appliances, gas range & modern sophisticated style. The floor plan is well laid out with 2 spacious bedrooms including primary suite with oversized ensuite. Property is suited in a prime location being short distance to future skytrain, shopping, willowbrook mall while still being located in nature and only steps to walking trail, creeks & off leash dog park. Buy with confidence with a only 1 year old building with balance of 2/5/10 warranty. This building is Pet & Rental friendly. Includes 1 parking and 1 storage locker. This is the home you have been waiting for!! (id:48205)

2 Bedroom 2 Bathroom 871 sqft
For sale Open House
$599,900
C301 8929 202 STREET, langley, British Columbia

C301 8929 202 Street

Langley, British Columbia

Welcome to THE GROVE! This SPACIOUS 2 bedroom + DEN is a must see! You will love the expansive covered deck; perfect for entertaing plus your stainless steel appliances and granite countertops in your gourmet kitchen. Walk to all major amenities including, shopping, ice arena, theatre and restaurants. Great access to transit, Hwy #1 and the Golden Ears Bridge. Don't miss your chance to OWN or INVEST into one of Walnut Grove's best location. (id:48205)

2 Bedroom 2 Bathroom 907 sqft
For sale
$599,900
404 20443 53 AVENUE, langley, British Columbia

404 20443 53 Avenue

Langley, British Columbia

Immaculate and newly updated 2 bd. 2 bath. NON smoking home!. Top floor with unobstructed views of Mt. Baker and valley. SE facing. Heated storage on the same floor only steps away from the home. Heated underground parking. Extra parking available. Natural Gas fireplace to keep you warm on those cold nights. Large in-suite laundry room with more storage. New and newer appliances. Primary bedroom with His and Hers walk through closets. 2nd. bedroom or den the choice is yours! Great central location. Make this home YOURS before it's gone! QUICK POSSESSION POSSIBLE!! (id:48205)

2 Bedroom 2 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