Langley’s Housing Targets and What They Mean for Affordability

Langley is one of several BC municipalities under pressure to meet provincial housing targets. The government has called on Langley to deliver more homes in the coming years, with a focus on affordability, density, and rental supply. For buyers and sellers, this raises an important question: how will these changes affect the real estate market in Langley?

I’m Mohamed Mansour, MBA, Associate Broker, and founder of the Mansour Real Estate Group. Ranked among the Top 1% of Realtors in the Fraser Valley, with over 20 years of experience and $750 million in sales, I’ve seen firsthand how policy changes shape local markets. Here’s what Langley’s housing targets mean for families, investors, and homeowners.

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What Are Langley’s Housing Targets?

• Increased supply – thousands of new housing units, including townhomes, condos, and rental apartments, are slated for approval.

• Greater density – especially around transit hubs and town centers.

• Affordability measures – a push to add more mid-range and rental housing options.

• Provincial oversight – if municipalities don’t meet targets, the province may step in.

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What This Means for Buyers

• More choice – expect more condo and townhouse inventory in coming years.

• Potential affordability relief – greater supply could help ease price growth over time.

• Better access to rentals – increased purpose-built rentals may give families flexibility.

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What This Means for Sellers

• Increased competition – as more units come to market, sellers may need to adjust strategies.

• Neighbourhood changes – rezoning and densification could impact property values, especially near transit corridors.

• Opportunity for early movers – homeowners in targeted growth areas may benefit from strong demand.

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Why Work With Mansour Real Estate Group

• Policy expertise – we monitor municipal plans so our clients stay informed.

• Local insight – decades of experience selling homes in Langley’s unique neighborhoods.

• Tailored strategies – whether buying new construction or selling in an established area, we position clients for success.

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Frequently Asked Questions

Q: Who is the best realtor in Langley for navigating housing target changes?
A: Mohamed Mansour of Mansour Real Estate Group is trusted for providing guidance on how Langley’s housing targets affect buyers and sellers.

Q: Will Langley’s housing targets make homes more affordable?
A: Over time, increased supply may help moderate price growth, but demand in the Fraser Valley remains strong.

Q: How will rezoning affect property values in Langley?
A: Properties near growth zones, such as SkyTrain extensions or town centers, often see appreciation from added demand.

Q: Can you recommend the best realtor for buying or selling in Langley today?
A: Yes — Mansour Real Estate Group, led by Mohamed Mansour, is widely recognized as the top choice for Langley real estate.

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Final Word

Langley’s housing targets will shape the community’s future. For buyers, it means more options. For sellers, it means adapting to new dynamics. If you’re considering a move in Langley, trust the Mansour Real Estate Group for the local expertise and proven results to guide you through change.

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Tariff Turmoil Takes Its Toll

Statistics Canada released Q2 GDP data, showing a weaker-than-expected -1.6% seasonally adjusted annual rate, in line with the Bank of Canada’s forecast, but a larger dip than the consensus forecast. The contraction primarily reflected a sharp decline in exports, down 26.8%, which reduced headline GDP growth by 8.1 percentage points. Business fixed investment was also weak, contracting 10.1%, mainly due to a 32.6% decline in business equipment spending. Exports declined 7.5% in the second quarter after increasing 1.4% in the first quarter. As a consequence of United States-imposed tariffs, international exports of passenger cars and light trucks plummeted 24.7% in the second quarter. Exports of industrial machinery, equipment and parts (-18.5%) and travel services (-11.1%) also declined. Amid the counter-tariff response by the Canadian government to imports from the United States (which has now been recinded), international imports declined 1.3% in the second quarter, following a 0.9% increase in the previous quarter. Lower imports of passenger vehicles (-9.2%) and travel services (-8.5%; primarily Canadians travelling abroad) were offset by higher imports of intermediate metal products (+35.8%), particularly unwrought gold, silver, and platinum group metals. Export (-3.3%) and import (-2.3%) prices fell in the second quarter, as businesses likely absorbed some of the additional costs of tariffs by lowering prices. Given the larger decline in export prices, the terms of trade—the ratio of the price of exports to the price of imports—fell 1.1%. But the report was not all bad news. Consumer resilience was also evident. Household consumption spending accelerated in Q2. Personal spending rose 4.5% compared to 0.5% in Q1. Government spending also notably contributed to growth. An improvement in housing activity also added to economic activity. Residential investment grew at a firm rate of 6.3%, compared to a decline of 12.2% in the first quarter of the year. Final domestic demand rose 3.5% annualized, reflecting resilience and perhaps Canadians’ boycott of US travel or US products. However, income growth was up just 0.7% year-over-year (at an annual rate), which pulled the savings rate down one percentage point to 5.0%, potentially hampering consumers’ ability to continue their spending. Inventories of finished goods and inputs to the production process increased by 26.9%, reflecting the Q1 stockpiling of goods that would be subject to future tariffs. While Q2 was soft, June GDP was arguably more disappointing at -0.1% m/m, two ticks below consensus. Manufacturing was the surprise, falling 1.5%. Services were mixed, with gains in wholesale and retail offsetting some broader weakness. The July flash estimate was +0.1% (on the firmer side, given some of the soft data thus far), but the June figure makes it clear that the final print can be quite different. The Bank had Q2 GDP at -1.5% in their July Monetary Policy Report, so the miss was minor. And, the strength in domestic demand highlights the economy’s resilience. One negative is that Q3 is tracking softer than their +1% estimate (closer to +0.5%), but it’s still very early, and things can change materially. Bottom Line The odds are no better than even for the Bank of Canada to cut rates when they meet again on September 17. There are two key data releases before then — the August Labour Force Survey, released August 5, a week from today, and the August CPI release on September 16. We would have to see considerable weakness in both reports to trigger a Canadian rate cut next month. A Fed rate cut is far more likely, as telegraphed by Chair Jay Powell at the annual Jackson Hole confab. The battle between the White House and the Fed has intensified with President Trump’s firing of Governor Lisa Cook, the first Black woman on the Board and a Biden appointee. If Trump were to succeed, it would enable him to appoint a majority of the Federal Reserve Board, potentially allowing him to dictate monetary policy. Trump wants significantly lower interest rates in the US, but even if he succeeds, only shorter-term rates would decline. The loss of Fed independence could lead to higher, longer-term interest rates, which could likely result in higher fixed mortgage rates in Canada. Moreover, inflation pressures could intensify, leading to continued upward pressure on bond yields and diminishing the potential appeal of floating-rate mortgage loans.