The long-awaited SkyTrain extension to Langley moves closer to reality, with the finalization of the business case. After the TransLink Mayors’ Council approved the case, both federal and provincial governments began reviewing it for funding approval. This extension offers significant economic benefits, with an estimated benefit-cost ratio of 1.24 over 30 years.
Right now, funding supports the extension only as far as Fleetwood in Surrey. However, local officials, including the mayors of Langley City and the Township of Langley, continue to advocate for the remaining $1.9 billion in funding. By securing this amount, they could complete the project in one phase, ultimately reducing costs and speeding up the completion timeline.
This development is crucial for Langley’s rapidly growing population and thriving real estate market. With better transportation links, Langley becomes even more appealing to homebuyers and investors. Furthermore, the extension will improve connectivity across the Metro Vancouver region, making commuting easier and stimulating local businesses.
According to Jared Gibbons, a top Langley realtor, property values near future SkyTrain extension to Langley will likely increase. Enhanced transportation options attract more buyers, creating higher demand in the surrounding areas. Now is the perfect time for buyers and investors to explore opportunities in Langley’s evolving real estate market.
To learn how the SkyTrain extension can impact your real estate decisions, contact Jared Gibbons, a local expert in Langley’s property market.
Sources:
– TransLink Mayors’ Council
– Surrey Official Website
– Langley City
– Township of Langley