Reference · Langley, BC · read monthly
Langley rents, by bedroom
What a condo or apartment in Langley asks a month, from more than one public source, dated to the report month. Asking rents come from the listing reports; the occupied-stock average comes from the CMHC (Canada Mortgage and Housing Corporation) survey each winter. It is a reference: not an estimate, and not a forecast.
The current band
One-bedroom
a month, asking
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Two-bedroom
a month, asking
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Three-bedroom
a month, asking
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The occupied-stock averages from the CMHC October survey are added when the survey publishes each winter; until then the page shows asking rents alone.
How to read it
Asking rent is what a landlord lists a home for; it is the rent a new tenant meets. The occupied average is what sitting tenants pay across the whole stock, usually lower, because many leases are older. The listing reports answer one question and the survey another, and this page keeps them apart.
The band is the lowest to the highest figure among the sources for the same month. One source alone is shown as a figure in the table, not as a band. Each source counts a different set of listings, so the spread is part of the reading.
Langley here means the Township of Langley as the reports list it; most rows say Langley with no qualifier. A source that names Langley City is recorded on its own and will show as its own row when it appears.
Month by month
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Averages unless marked median; each figure links to the page it was read from.
Where the numbers come from
- liv.rent: the Metro Vancouver rent report, per-city table, unfurnished asking rents by bedroom. Langley is one of the nine cities in it.
- Zumper: the Langley rent-research page, medians of its own listings by bedroom, updated daily and read once a month.
- rentals.ca: the national rent report by rentals.ca and Urbanation, Langley row, average asking rents. When that site blocks the reader, the figure is taken from the local paper’s write-up of the report. The table links the page actually read.
- Canada Mortgage and Housing Corporation (CMHC), Rental Market Survey: taken each October and published in the winter; average rents for occupied units and the vacancy rate, by bedroom, for the Langley zones.
The rows are written once a month from those pages. Each carries its address and the sentence or table row it came from. Nothing on this page is an estimate of ours, and nothing here is a yield, a cap rate or a return.
Where it is used
The one- and two-bedroom bands sit beside the deposit, the strata fee and the tax estimate on the Langley presale pages: Solana and Townside Village. Langley’s home prices and sales are on the Langley area page.
Questions about the rent reference
Why a band and not one number?
Each source counts a different set of listings on a different day, so each gives a different average. Two or more sources for the same month bracket the real asking range better than any one of them. Where only one source lists Langley in a month, the page shows that figure in the table and no band.Is this what a new condo will rent for?
No. These are averages across the Langley apartments listed that month, old and new, across the Township. A new building usually asks more than the average for its size. A particular home can sit anywhere in the range. Use the band as a reference point, then check live listings for the building and the month you need.How often does it update?
Once a month, after the listing reports publish in the first ten days. The occupied averages update once a year when the Canada Mortgage and Housing Corporation releases its October survey. The month under each figure is the report's own month, not the day the page was read.
