Langley in July 2026
Langley recorded 196 total home sales in August 2026 across all property types — 69 detached, 62 townhouse, and 65 apartment sales — against 1,111 active listings (425 detached, 266 townhouse, 420 apartment). That works out to roughly 5.7 months of supply. Detached sales fell 4.2% year over year and townhouse sales 13.9%, while apartment sales rose 35.4%. The detached benchmark eased 1.4% on the month to $1,479,400, townhomes 0.6% to $806,400, and apartments were flat at $534,000.
Fraser Valley board-wide context: Across the entire Fraser Valley board area (which includes Langley, Surrey, White Rock, Abbotsford, Mission, and other communities), the composite benchmark price was $869,900 in August 2026, down 0.8% month-over-month and 7% year-over-year. Total board-wide sales were 1,089, down 5% from June and 9% from a year earlier. New listings fell to 2,836 (−14% MoM, −18% YoY), while active listings stood at 10,044 — 32% above the 10-year seasonal average. The board-wide sales-to-active-listings ratio was 11%, placing the overall market in buyer's territory (a balanced market is defined as 12–20%). Homes took an average of 40 days to sell for detached and townhouse properties, and 46 days for condos, board-wide.
Source: Fraser Valley Real Estate Board (FVREB), Fraser Valley Housing Market Statistics, August 2026 news release, published August 5, 2026.
Benchmark Prices — Langley
Langley's detached benchmark price ticked up slightly month-over-month even as it remains lower than a year ago, while townhouse and apartment benchmarks both declined further in July. Apartments saw the steepest year-over-year drop at 9.0%.
| Property Type | Benchmark (HPI) | MoM | YoY | Sales (July) |
|---|---|---|---|---|
| Detached | $1,479,400 | ▲ 0.4% | ▼ 6.2% | 79 |
| Townhouse / Attached | $806,400 | ▼ 0.2% | ▼ 4.9% | 83 |
| Apartment / Condo | $534,000 | ▼ 1.5% | ▼ 9.0% | 64 |
Source: Fraser Valley Real Estate Board (FVREB), Fraser Valley Housing Market Statistics, August 2026 (Langley area).
Supply and Demand Breakdown
Source: Fraser Valley Real Estate Board (FVREB), Fraser Valley Housing Market Statistics, August 2026 (Langley area). Months-of-supply is a derived figure calculated from FVREB's published sales and active listings counts; it is not an FVREB-published statistic itself.
What's Driving the Market
Buyer sentiment: FVREB Chair Ishaq Ismail summed up the current climate: "Buyer urgency has been notably absent from the Fraser Valley market for some time now. With inventory remaining high and competition subdued, buyers know they don't have to rush." Langley's roughly 5.1 months of supply is consistent with a market that continues to favour buyers, particularly in the apartment segment.
Affordability improving: FVREB Interim CEO Anthony Boone noted that "the Fraser Valley has remained one of the Lower Mainland's brightest spots for improving affordability... qualified buyers are finding opportunities that simply weren't available a few years ago." Lower townhouse and apartment benchmarks, combined with the Bank of Canada's overnight rate holding at 2.25%, have improved qualification math for many Langley buyers — though the mortgage stress test still requires qualifying at the greater of the contract rate + 2% or 5.25%. See our 2026 OSFI stress test guide for details.
Detached resilience: Langley's detached segment was the only category to post a month-over-month gain in July, hinting that the higher end of the market may be stabilizing even as townhouses and condos continue to soften.
Key Terms
Langley Rents — July 2026
Langley one-bedroom rents eased to $1,899/month in July 2026, down from $1,965 in June. Two-bedroom units averaged $2,457/month in July, compared with $2,439 in June. Wondering whether renting or buying makes more sense at current prices? Try our rent vs. buy calculator.
Source: Rentals.ca/Urbanation data, reported via Langley Advance Times, published August 7, 2026. View full Canadian rent report →