July Brings New Opportunities for Langley Condo Buyers

Condo sales in Langley dropped 22% year-over-year, with overall Fraser Valley condo sales down 21.9%. Single-family home sales in Langley fell 11.2%, while townhouses slightly increased by 1.2%. Prices declined across all housing types: single-family homes by 6.2%, townhouses by 4.9%, and condos by 9%. Factors include reduced immigration, economic uncertainty, mortgage stress tests, and a lack of investor demand for condos.