Benchmark detached home, Langley
$1,448,100As of October 2026.Source
Benchmark townhome, Langley
$800,600As of October 2026.Source
Benchmark apartment, Langley
$522,300As of October 2026.Source
Population of the Township of Langley
132,603As of 2021 Census.Source
Population of the City of Langley
28,963As of 2021 Census.Source
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Langley is two municipalities that share a name. The Township is large and spread out, and the City is small and dense, and FVREB reports a single Langley area in its tables.

Langley’s October 2026 benchmarks

FVREB’s October 2026 benchmarks for Langley were $1,448,100 for a detached home, down 6.5% from $1,548,300 a year earlier, $800,600 for a townhome, down 3.7%, and $522,300 for an apartment, down 8.4%. The median detached sale price was $1,300,000. There were 59 detached sales, 76 townhome sales and 60 apartment sales. Townhome sales were the only category up on the year, by 7.0%.

Langley Township grew 13.1% to 132,603 people by 2021, from 117,285 in 2016, and Langley City grew 11.9% to 28,963. That is fast growth in both, and it means many owners are recent buyers.

How much lendable room a Langley owner really has

The 80% figure comes from the Financial Consumer Agency of Canada: appraised value times 0.8, minus your mortgage balance, is the room for a second mortgage. The first example is a detached owner with $258,480 of room before the loan. The second is an apartment owner with $172,300 of equity and $67,840 of room. Use the calculator with a value slightly under the benchmark, so the plan holds if the appraisal is lower.

What a shortfall means

Langley owners who have borrowed heavily should understand the downside. Legal Aid BC says a BC lender cannot sell your home without your consent or a court order. If a sale does not cover the mortgage debt, the lender can have an enforceable judgment against you for the shortfall and may try to collect for up to 10 years. A second mortgage adds a second lender whose claim ranks behind the first. If the home sells for less than both owed, the shortfall can fall on you. That risk is smaller when the loan is small against the value, and larger when you borrow close to the ceiling, as in the apartment example.

Alternatives that earn us nothing

If your debts are the problem rather than a one-off cost, a second mortgage moves unsecured debt onto your home. A consumer proposal, arranged by a Licensed Insolvency Trustee, can reduce what you pay without a new loan on the property. Our comparison second mortgage or consumer proposal sets the two side by side, and the bad credit page explains how credit history changes lender pricing.

Fees, renewals and the rate setting

A second mortgage in Langley carries interest, a lender fee, often a broker fee, legal costs and an appraisal. We found no BC tax line specific to registering a loan on a home you keep. FVREB’s chief executive noted that rates have recently moved higher with possible further increases, which matters most if your first mortgage renews soon. Read about renewal payment shock and about the basic home equity loan. We did not find a Langley-specific arrears figure, so we give none.

What the three property types say

Langley’s three benchmarks fell by different amounts over the year: 6.5% for detached homes, 3.7% for townhomes and 8.4% for apartments. Townhomes held up best in both price and sales, and apartments held up worst on price. For an owner, that means the same dollar loan uses a larger share of an apartment’s lendable room than of a house’s.

Active listings were 434 detached homes, 260 townhomes and 404 apartments, down 12.3%, 17.7% and 27.2% from a year earlier. Fewer listings can support prices, but they do not guarantee that a lender will lend on a thin margin.

Two Langleys, one set of benchmarks

The Township of Langley had 132,603 residents in 2021, about 4.6 times the City’s 28,963. Because FVREB reports a single Langley area, a City condo owner and a Township acreage owner are measured against the same table. Treat the benchmark as a starting point and expect the lender’s appraisal to separate them.

Professionals who can help with a Langley file

A licensed mortgage professional in British Columbia can review the first mortgage, the property type and your debts, then compare lenders, while a Licensed Insolvency Trustee or a lawyer can explain the alternatives. The British Columbia page covers the provincial rules. To have a Langley file looked at, begin here.

A Langley detached home at the October 2026 benchmark

The $1,448,100 value is FVREB's October 2026 Langley detached benchmark, used as a stand-in for an appraisal. The $900,000 first mortgage and $110,000 loan are made up. The 80% ceiling is the Financial Consumer Agency of Canada's figure for a second mortgage.

Home value used
$1,448,100
Owed on the first mortgage
$900,000
Combined loan-to-value with a $110,000 loan
69.7%

$1,010,000 divided by $1,448,100

80% of the home value
$1,158,480
Room left after the new loan
$148,480

$258,480 minus $110,000

Room under an 80% ceiling before the loan
$258,480

A $110,000 loan fits with $148,480 to spare. A year earlier the benchmark was $1,548,300, which would have given $338,640 of room, so the market has taken about $80,000 of it.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

A Langley apartment at the October 2026 benchmark

The $522,300 value is FVREB's October 2026 Langley apartment benchmark, used as a stand-in for an appraisal. The $350,000 first mortgage and $45,000 loan are made up.

Home value used
$522,300
Equity before the new loan
$172,300

$522,300 minus $350,000

Combined loan-to-value with a $45,000 loan
75.6%

$395,000 divided by $522,300

80% of the home value
$417,840
Room under an 80% ceiling before the loan
$67,840

$417,840 minus $350,000

Room left after the new loan
$22,840

Equity of $172,300 gives $67,840 of room and a $45,000 loan leaves $22,840. If fees have to come out of the loan, the cash to the borrower is smaller again.

Illustration only. The figures are made up to show the arithmetic. They are not a quote, a rate or an offer.

Questions people ask

Which Langley does FVREB mean, the City or the Township?

FVREB reports a Langley area in its monthly tables, with detached, townhome and apartment benchmarks. The City of Langley and the Township of Langley are separate municipalities, so a lender's appraiser, not the benchmark, decides what your own property is worth.

Shortfall after a BC house sale: can a lender chase me for it?

Legal Aid BC says that if a sale does not cover the mortgage debt, the lender can hold an enforceable judgment for the shortfall and may try to collect it for up to 10 years. Talk to a lawyer before you agree to anything.

How workable is a Langley apartment as a base for a second mortgage?

It can work, but the room is thin. FVREB's October 2026 Langley apartment benchmark was $522,300, so 80% is $417,840. A $350,000 first mortgage leaves $67,840 before any loan, and fees come out of what you borrow.

Would a consumer proposal be better than borrowing against my Langley home?

It may be, depending on how much you owe and what you can pay. A Licensed Insolvency Trustee can explain a proposal, which does not add a loan against your home. Compare both before signing a new mortgage.

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Sources