Property Prices in Langley, BC, Canada

Index Info
Price to Income Ratio: 8.00
Mortgage as Percentage of Income: 56.96%
Loan Affordability Index: 1.76
Price to Rent Ratio - City Centre: 17.76
Price to Rent Ratio - Outside of Centre: 22.95
Gross Rental Yield (City Centre): 5.63%
Gross Rental Yield (Outside of Centre): 4.36%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,400.00 C$ 1,200.00-1,800.00
Apartment (1 bedroom) Outside of Centre 1,107.14 C$ 900.00-1,350.00
Apartment (3 bedrooms) in City Centre 2,616.67 C$ 2,200.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 2,033.33 C$ 1,600.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 512.63 C$ 428.32-665.99
Price per Square Feet to Buy Apartment Outside of Centre 519.76 C$ 391.12-665.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,473.33 C$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.76 3.00-4.00

These data are based on 68 entries in the past 18 months from 12 different contributors.
Last update: February 2021

Sources and References
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