Langley Real Estate Market Report — 2026
Langley’s real estate market is actually two markets — the Township and the City — and they are moving at slightly different speeds. Township of Langley detached assessed values are down approximately 4% from 2025, a sharper correction than the broader Fraser Valley average, reflecting the larger and more expensive inventory in areas like Willoughby and Fort Langley. City of Langley is down a more modest 2%, with the approaching SkyTrain extension providing a demand undercurrent that is cushioning the softer rate environment.
Current Market Snapshot
| Metric | 2026 Data |
|---|---|
| Median Assessed Value — Township Detached | $1,406,000 |
| Median Assessed Value — City Detached | $1,207,000 |
| Township YoY Change | -4% |
| City YoY Change | -2% |
| Market Condition | Buyer’s market |
| SkyTrain Extension | City of Langley — targeted 2028 completion |
| Schools | Among the highest-ranked in Fraser Valley |
What’s Driving Current Conditions
The Township’s 4% decline is concentrated in its higher-priced segments — larger Willoughby detached homes and Fort Langley heritage properties that were pushed to stretched valuations in 2021–2022. At those price points, the combination of higher mortgage carrying costs and softer buyer demand has created real negotiating room. This is not a sign of structural weakness; it is a recalibration.
The City of Langley, by contrast, is quietly building a SkyTrain narrative. When the Expo Line extension reaches the City core in 2028, the City will become one of the most transit-accessible communities in the Fraser Valley. Investors and long-term buyers who understand infrastructure timelines have been absorbing City condos and properties near the future station area at a steady pace.
Langley’s school quality — particularly in Willoughby’s newer developments — continues to drive family buyers who are willing to pay a premium for catchment access. This is a structural demand driver that persists regardless of interest rate cycles.
What This Means for Langley Homeowners
If you are selling in the Township: A 4% assessed value decline means buyers have options and they know it. Strategy matters. Homes in Willoughby near top-ranked schools, or in Walnut Grove with its strong community identity, are still attracting buyer interest when priced correctly. Work with an agent who tracks sold data at the street level — not just neighbourhood averages.
If you are buying in the City: The SkyTrain completion is three years out. Prices in the City have softened. If you have a 5+ year horizon, this is a historically attractive entry point for a municipality that will look very different in 2030. Do not wait until the ribbon is cut.
If you are holding equestrian or acreage property in the Township: Brookswood and rural Langley properties serve a niche buyer pool that does not disappear with rate cycles. Maintain the property, be patient, and price to the comparable market when you are ready to sell.
Monthly Market Updates Coming Soon
We will be publishing monthly Fraser Valley Real Estate Board data for both Langley Township and the City of Langley, including benchmark prices by property type, sales-to-actives ratios, and neighbourhood-level context. Return to the Langley hub for updates.