Business

Construction and prices of single family homes is up in Langley

Construction of single family homes in Langley Township is picking up, the latest development indicators show.

A report by Township economic development manager Gary MacKinnon shows construction of single detached houses in 2013 was 12.6 per cent higher than it was in 2012.

The average price for a detached house rose 2.4 per cent to $554,633.

Townhouses and apartments were a different story.

Construction of apartments was down 24.3 per cent in 2013 compared to 2012, while townhouse construction fell 12.5 per cent.

Townhouse prices were down 1.3 per cent while apartments were down 0.6 per cent.

Sales were up last year for already-built houses (up 2.4 per cent) and townhouses (up 1.6 per cent) while apartment sales were virtually unchanged   (down 0.3 per cent) in 2013 compared to 2012.

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Top coach, MVP for mother-daughter team
 
The Eve of Our Destruction? Canucks open season in Shark Tank
 
VIDEO: San Jose Sharks 4, Vancouver Canucks 1
Rowley makes impact with SFU
 
Cyclists pumped up over costume race
 
Province provides funding for field
When a world comes crashing down
 
Hamm named Canadian rugby all-star
 
Aldergrove rugby 7s blanked

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 30 edition online now. Browse the archives.