306 5465 203 Street

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

rent

$2,030/mo

after all costs

−$482/mo

cap rate

3.8%

yearly net rent ÷ price

Costs: mortgage $1,743 · tax $166 · strata $406 · insurance ~$35 · vacancy 3% · upkeep 5%.

Rent is today's market rent for a 1-bedroom in Langley: CMHC's average there ($1,765) raised by what new tenants pay against everyone in the Vancouver area, then down 1.5% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Estimated tax up 0.8% from 2025 to 2026.

The listing shows $1,994 a year in property tax.

Estimate: the BC Assessment value times Langley's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.

listed now

48 days

median for 369 condos for sale; this one 62 days

Condos in Langley. Sale prices register 1 to 3 months after a sale closes.

the building's lot: 2,138 m² (23,013 sq ft) · PID 026-003-155. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.