Real Estate Market Report for
Langley, BC

Updated : Aug 2016
House
  • Median price $750,000
  • Monthly growth 7.29 %
  • Quarterly trend
  • Stock on market 4.19%
Apartment
  • Median price $259,900
  • Monthly growth 6.08 %
  • Quarterly trend
  • Stock on market 1.16%
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 201125081
  • Population in 200623606
  • 2006 to 2011 population change (%)6.2
  • Total private dwellings11810
  • Private dwellings occupied by usual residents11315
  • Population density per square kilometre2454.6
  • Land area (square km)10.22
  • Age Characteristics
    Total population by age groups 25080
    0 to 4 years 1415
    5 to 9 years 1295
    10 to 14 years 1255
    15 to 19 years 1390
    15 years 280
    16 years 305
    17 years 245
    18 years 280
    19 years 285
    20 to 24 years 1530
    25 to 29 years 2060
    30 to 34 years 1840
    35 to 39 years 1610
    40 to 44 years 1730
    45 to 49 years 1820
    50 to 54 years 1735
    55 to 59 years 1645
    60 to 64 years 1515
    65 to 69 years 1115
    70 to 74 years 825
    75 to 79 years 660
    80 to 84 years 805
    85 years and over 835
    Median age of the population 40.4
    % of the population aged 15 and over 84.2
  • Marital Status
    Total population 15 years and over by marital status 21115
    Married or living with a common-law partner 10815
    Married (and not separated) 8695
    Living common-law 2120
    Not married and not living with a common-law partner 10300
    Single (never legally married) 5690
    Separated 815
    Divorced 2085
    Widowed 1705
    Family Characteristics
    Total number of census families in private households 6615
    Size of census family: 2 persons 3595
    Size of census family: 3 persons 1405
    Size of census family: 4 persons 1145
    Size of census family: 5 or more persons 465
    Total number of census families in private households 6615
    Total couple families by family structure and number of children 5310
    Married couples 4250
    Without children at home 2105
    With children at home 2145
    1 child 835
    2 children 915
    3 or more children 395
    Common-law couples 1060
    Without children at home 690
    With children at home 370
    1 child 195
    2 children 130
    3 or more children 45
    Total lone-parent families by sex of parent and number of children 1305
    Female parent 1030
    1 child 615
    2 children 300
    3 or more children 115
    Male parent 275
    1 child 185
    2 children 75
    3 or more children 15
    Total children in census families in private households 6575
    Under six years of age 1685
    6 to 14 years 2260
    15 to 17 years 795
    18 to 24 years 1165
    25 years and over 665
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 24485
    Number of persons not in census families 5995
    Living with relatives 495
    Living with non-relatives only 1175
    Living alone 4325
    Number of census family persons 18495
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 3720
    Number of persons not in census families aged 65 years and over 1760
    Living with relatives 115
    Living with non-relatives only 70
    Living alone 1575
    Number of census family persons aged 65 years and over 1960
    Total number of private households by household type 11315
    Census-family households 6475
    One-family-only households 5880
    Couple-family households 4825
    Without children 2560
    With children 2265
    Lone-parent-family households 1055
    Other family households 590
    One-family households with persons not in a census family 455
    Couple-family households 295
    Without children 125
    With children 165
    Lone-parent-family households 165
    Two-or-more-family households 135
    Non-census-family households 4845
    One-person households 4320
    Two-or-more-person households 520
    Total number of occupied private dwellings by structural type of dwelling 11315
    Single-detached house 2805
    Apartment, building that has five or more storeys 45
    Movable dwelling 5
    Other dwelling 8465
    Semi-detached house 165
    Row house 1205
    Apartment, duplex 755
    Apartment, building that has fewer than five storeys 6335
    Other single-attached house 15
    Total number of private households by household size 11315
    1 person 4325
    2 persons 3660
    3 persons 1480
    4 persons 1195
    5 persons 440
    6 or more persons 215
    Number of persons in private households 24485
    Average number of persons in private households 2.2
Census 2011

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