The Best Area To Purchase A Langley Investment Condo
We recommended the best and worst communities for investing in a condo in Surrey earlier this year.
We’ve been asked to do the same for those of you interested in investing in Langley City or the Township of Langley this time.
REALTOR® Don Munro of Personal Real Estate Corporation breaks down the regions to look at and what each one has to offer in this article, then recommends the spot he would buy if he were looking to invest right now.
LRT route Surrey-Newton-Guildford
On the north side of Fraser Highway, the SkyTrain line will enter Langley. It begins to curve north after the station at Willowbrook Mall.
The 16-kilometer route will connect the developing areas of Fleetwood, Clayton, and Cloverdale via rapid transit.
In order to fulfill the rising demands of the Fraser Valley, the Surrey Langley skytrain was built. From King George Station on Fraser Highway to 203 Street in the City of Langley, this 17-mile Expo Line track is expected to grow. The completion of the LRT is scheduled for 2025. Public transit accessibility has always led to large investments.
City of Langley potential develop as the Skytrain grows.
The Township of Langley offers an unrivaled transit network, world-class amenities and supplies, as well as a highly trained workforce.
Langley Township is responsible for roughly 900 kilometers of roadways, 150 traffic signals, and 12,000 traffic signs.
There are three exits off of Highway 1 in Langley: the 200 St exit, the 232 St exit, and the 216 St exit. It’s a popular place to live for people working in nearby communities like Surrey and Coquitlam, as well as Abbotsford and Burnaby. Highway 1 gives residents with easy access to the area, making their daily commutes more convenient.
Renter Availability + Rental Return
Langley is quickly becoming a desirable location, with scores of new townhome and condo buildings.
Langley is a great place to profit from a low purchase price and a good rental yield, as many savvy investors know. It’s a great opportunity for students at Kwantlen University, which has two campuses in the neighborhood, to rent apartments.
When Investing in Langley Real Estate, Consider These Pointers
Investing in real estate is a smart move in Langley. There are a slew of brand-new construction projects popping up all around town. As Langley continues to grow, there is a construction boom in the area. The township is working hard to entice young couples and families to move into its residential complexes, the most of which are four- and mid-story apartment buildings. Langley’s condos are some of the best values in the Lower Mainland when it comes to housing.
Investing in Langley is a great way to make money. Willoughby is a spot to keep an eye on. There are now dozens of brand-new homes, condos, and flats in the area. Within short walking distance of the Langley Events Centre, family have access to nearby parks, ice rinks, and other urban amenities.
Willoughby is a great option for young families looking for a city lifestyle at a fraction of the cost of Vancouver and Burnaby. Since Vancouver’s real estate market cap has not yet reached the level of this region’s, it makes a good place to find rental properties. If you’re looking to buy a home for your family or as an investment, here are some things to keep in mind.
A qualified yes can be given in response to this inquiry.
Investing in a Langley property should begin with determining whether or not you will see a positive return on your investment. In Langley, there are several different neighborhoods; even if Willoughby is one of the greatest, you may be better served by Brookswood or Willowbrook. Find out your possibilities by consulting a bank or a realtor, such as myself.
For non-owner-occupied or investment properties in Canada, you must put down at least 20% of the purchase price. It’s simply a five percent down payment for owner-occupied properties. If you’re buying a house in installments, you’ll want to factor these costs into your calculations before making the purchase. Calculate your new monthly mortgage payments with the help of the mortgage calculator.
To sum it up, I believe Langley Real Estate is the ideal location investment.
Please contact us or leave a comment below if you are interested in investing in Langley real estate. We’d be delighted to assist!