Category: Latest Posts

  • Langley Township Construction Paces for Sustainable Growth

    Langley Township Construction Paces for Sustainable Growth

    Langley Township is experiencing a construction slump, with building permits, fees, and construction values all declining compared to 2025. By July, 1,295 permits were issued, down from 1,531 last year, and total construction value dropped from $740 million to $471 million. Single-family home permits hit a five-year low, while multi-family permits remain above average but below recent years. Commercial and industrial permits are also below average. This trend aligns with a nationwide slowdown in housing construction due to rising costs, weaker demand, and more unsold homes.

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  • July Brings New Opportunities for Langley Condo Buyers

    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.

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