Real Estate Market Report for
Langley, BC

Updated : Aug 2016
House
  • Median price $750,000
  • Monthly growth 7.29 %
  • Quarterly trend
  • Stock on market 1.27%
Apartment
  • Median price $259,900
  • Monthly growth 6.08 %
  • Quarterly trend
  • Stock on market 0.35%
Langley Home Price

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When looking across the province, Langley is the 48th most expensive in British Columbia.

The $750,000 price tag on the median Langley home means that it is quite highly priced by Canadian standards.

If you’re looking at investment properties in Langley, then you’re most likely to find homes with 3 bedrooms on sale this month.

This month we track 8th neighbourhoods in British Columbia, and Langley has the 8th most choice available for real estate investors.

It’s never an exact art, but to try to forecast how property is going to appreciate in Langley for investors, it’s important to look at data like:

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Langley have dried up which would tend to indicate that demand is higher than the supply of new properties.

When looking across the province, Langley is the 67th most expensive in British Columbia.

The $259,900 price tag on the median Langley home means that it is above the cost of most houses in the country.

2 bedroom properties are the most common available for real estate investors this month in neighbourhood.

According to our stats, Langley is the neighbourhood that has the 11th most properties available to real estate investors in British Columbia.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Langley will hopefully provide an indicator to help you where to research in-depth

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Beds Median price (House) Median price (Apartment)
1 bedroom $924,000 $234,950
2 bedrooms $449,950 $278,000
3 bedrooms $635,000 $459,900
4 bedrooms $868,888 $833,400
5 bedrooms $975,000
6 bedrooms $969,500
Demographics
  • Population in 2011104177
  • Population in 200693726
  • 2006 to 2011 population change (%)11.2
  • Total private dwellings39114
  • Private dwellings occupied by usual residents37237
  • Population density per square kilometre338.2
  • Land area (square km)308.03
  • Age Characteristics
    Total population by age groups 104175
    0 to 4 years 5915
    5 to 9 years 6455
    10 to 14 years 6975
    15 to 19 years 7830
    15 years 1545
    16 years 1590
    17 years 1605
    18 years 1515
    19 years 1570
    20 to 24 years 6220
    25 to 29 years 5555
    30 to 34 years 5815
    35 to 39 years 6760
    40 to 44 years 7900
    45 to 49 years 8690
    50 to 54 years 8480
    55 to 59 years 7370
    60 to 64 years 6325
    65 to 69 years 4620
    70 to 74 years 3155
    75 to 79 years 2445
    80 to 84 years 1890
    85 years and over 1770
    Median age of the population 40.3
    % of the population aged 15 and over 81.4
  • Marital Status
    Total population 15 years and over by marital status 84830
    Married or living with a common-law partner 52815
    Married (and not separated) 46555
    Living common-law 6255
    Not married and not living with a common-law partner 32015
    Single (never legally married) 20860
    Separated 2085
    Divorced 4835
    Widowed 4235
    Family Characteristics
    Total number of census families in private households 30095
    Size of census family: 2 persons 13850
    Size of census family: 3 persons 6290
    Size of census family: 4 persons 7010
    Size of census family: 5 or more persons 2940
    Total number of census families in private households 30095
    Total couple families by family structure and number of children 25970
    Married couples 22845
    Without children at home 9600
    With children at home 13250
    1 child 4415
    2 children 6175
    3 or more children 2655
    Common-law couples 3130
    Without children at home 1850
    With children at home 1280
    1 child 600
    2 children 470
    3 or more children 205
    Total lone-parent families by sex of parent and number of children 4120
    Female parent 3150
    1 child 1780
    2 children 1005
    3 or more children 370
    Male parent 970
    1 child 630
    2 children 270
    3 or more children 75
    Total children in census families in private households 34295
    Under six years of age 7095
    6 to 14 years 12060
    15 to 17 years 4590
    18 to 24 years 7415
    25 years and over 3135
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 103140
    Number of persons not in census families 12775
    Living with relatives 2210
    Living with non-relatives only 3205
    Living alone 7365
    Number of census family persons 90365
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 13155
    Number of persons not in census families aged 65 years and over 3945
    Living with relatives 775
    Living with non-relatives only 250
    Living alone 2925
    Number of census family persons aged 65 years and over 9205
    Total number of private households by household type 37235
    Census-family households 28790
    One-family-only households 25285
    Couple-family households 22255
    Without children 9710
    With children 12545
    Lone-parent-family households 3030
    Other family households 3510
    One-family households with persons not in a census family 2270
    Couple-family households 1700
    Without children 590
    With children 1105
    Lone-parent-family households 575
    Two-or-more-family households 1235
    Non-census-family households 8445
    One-person households 7360
    Two-or-more-person households 1080
    Total number of occupied private dwellings by structural type of dwelling 37240
    Single-detached house 21940
    Apartment, building that has five or more storeys 0
    Movable dwelling 1890
    Other dwelling 13410
    Semi-detached house 980
    Row house 5260
    Apartment, duplex 4155
    Apartment, building that has fewer than five storeys 2915
    Other single-attached house 95
    Total number of private households by household size 37240
    1 person 7360
    2 persons 12305
    3 persons 6220
    4 persons 6995
    5 persons 2705
    6 or more persons 1645
    Number of persons in private households 103135
    Average number of persons in private households 2.8
Census 2011

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