Is 2025 the Right Time to Build a Custom Home in Langley?

Langley has been a top choice for custom home builds in Metro Vancouver due to its balance of space, affordability, and growth potential. With real estate prices stabilizing and new developments reshaping the market, many homeowners are wondering: Is now the right time to build a custom home in Langley?

To answer this, we’ll explore market trends, construction costs, and future growth, giving you a clear picture of what to expect when planning a custom home in Langley.

Current Home Prices in Langley: Market Stability Amid Growth

Langley’s real estate market has seen significant shifts over the past few years. After reaching a peak in early 2022, home prices have stabilized, making now a strategic time to consider building. Here’s a snapshot of the current market:

• Average Sale Price: Detached homes in Langley are selling for approximately $1.3–$1.4 million (Canadian Real Estate Wealth, 2024), down from the 2022 highs of $1.5 million but showing steady recovery.
• Price per Square Foot: Condos in Willoughby range between $850–$900 per square foot (RENX, June 2024), with detached homes estimated at $600–$700 per square foot, reflecting ongoing demand.
• Year-over-Year (YoY) Price Growth: Langley’s 4.3% YoY increase in detached home prices ($1,349,000 benchmark) outpaces Vancouver’s modest 0.5% rise (Canadian Real Estate Wealth, 2024).

Compared to surrounding cities:

• Vancouver’s benchmark price sits at $1,173,000 (WOWA, Feb 2025), showing a slower recovery after a 6.9% drop from 2022 peaks.
• Surrey’s housing market has seen sharper post-boom declines (Langley Advance Times, 2022), indicating Langley’s greater market stability.
• Abbotsford remains significantly cheaper (around $424,000 lower for detached homes), but its slower recent growth suggests Langley is the stronger long-term investment.

What This Means for Custom Home Builders

Langley’s stability and moderate growth make it an appealing market for long-term investments. While prices remain lower than Vancouver’s, Langley is growing at a faster pace, making it an ideal location to build a custom home with lasting value.

Construction Costs & Market Trends in Langley

One of the biggest concerns for homeowners looking to build is construction costs. While price fluctuations have been a challenge across BC, Langley remains a relatively affordable location for high-quality custom home construction.

Current Construction Costs (2024 Estimates):

• Custom home price per square foot: $300–$450+ depending on finishes and complexity.
• Permit fees & municipal costs: $20,000–$40,000+ based on lot size and home specifications.
• Labor costs: Rising due to demand, with specialized trades seeing 10–15% cost increases over the past two years (Altus Group, 2024).
• Material costs: Lumber prices have declined 30% from 2022 highs but remain elevated compared to pre-pandemic levels.

While costs remain higher than pre-pandemic rates, the decline in lumber prices and leveling material costs have made custom home building more predictable. Builders are adapting with pre-purchased materials and strategic supplier partnerships, helping keep costs under control.

Should You Build Now?

With labor and material costs no longer spiking, now is an opportune time to lock in a custom home build before inflation and further economic factors drive up prices again.

Future Growth: Langley’s Long-Term Potential

Langley is experiencing significant development and infrastructure expansion, further supporting home values and demand.

New Developments & Lot Availability

• Willoughby alone has 6,700 new homes in development applications (RENX, June 2024), making it one of the fastest-growing areas in Metro Vancouver.
• Latimer Heights (2,000+ homes) and Jericho (2,000 homes) are adding more residential options, boosting demand for high-end custom builds (Livabl, 2022; RENX, 2024).
• Custom lot availability is shrinking, with single-family homes being replaced by denser townhome and condo developments.

As land becomes more scarce, custom home opportunities will shift towards acreage lots in Campbell Valley, Glen Valley, and Salmon River, which are still available but face potential rezoning changes.

Infrastructure & Transportation Enhancements

• The Surrey-Langley SkyTrain extension (completion expected in 2028) will connect Langley directly to Vancouver, making it an even more desirable place to live and invest.
• Highway expansions and commercial developments are improving connectivity and increasing Langley’s appeal for custom homeowners seeking a mix of suburban comfort and urban accessibility.

Interest Rates & Financing: Is Now a Smart Time to Build?

Financing a custom home build requires a strategic approach, especially with fluctuating interest rates.

Current Mortgage & Construction Loan Rates (2024):

• Fixed mortgage rates: Hovering around 5.5%–6%, expected to drop slightly in 2025 (Bank of Canada reports).
• Construction loan rates: Typically higher than traditional mortgages, but lenders are offering competitive financing for custom home projects.
• Market Outlook: Interest rates may decrease in 2025, but building costs and land prices are likely to rise, meaning waiting could result in higher total expenses despite lower borrowing costs.

Should You Build a Custom Home in Langley Now?

Yes, now is a strong time to consider building. Here’s why:

• Market Stability – Langley is growing at a steady pace, outpacing surrounding areas in price appreciation.
• Material & Labor Costs Have Stabilized – Costs are no longer spiking, making budgeting for a build more predictable.
• Lot Availability is Decreasing – With high-density developments increasing, securing a custom home lot now is a smart investment.
• Future Growth & Infrastructure Improvements – SkyTrain expansion and major residential projects are increasing demand and home values.

If you’re thinking about building your dream home in Langley, now is an ideal time to start planning. The combination of market stability, moderate growth, and strong future investment potential makes Langley a prime location for custom home construction.

Thinking About Building in Langley?

Contact Versa Homes today to discuss your vision and explore how we can bring your custom home to life in one of Metro Vancouver’s most promising real estate markets.