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Condo in Aldergrove Town Centre — Priced to Move at $399,000

401–27215 Aldergrove Town Centre Drive has just hit the market at an aggressively priced $399,000 — and buyers who have been watching the Aldergrove real estate market are already taking notice. Timing matters in real estate, and at this price point for a brand new 2025-built strata unit, the timing couldn't be better. This 554 sq. ft. home checks the boxes most buyers are working from: location, value, and livability — without asking you to compromise on any of them.

Why $399,000 for a 2025 Build in Aldergrove Is a Number Worth Paying Attention To

New construction at this price in the Langley real estate market is rare. Most newly built strata units in Metro Vancouver's eastern corridor are coming in well above this threshold, which makes 401–27215 Aldergrove Town Centre Drive stand out immediately for buyers who have been tracking the market. Add the location — walking distance to shops, services, and transit along Fraser Highway — and the value case here becomes very difficult to argue with.

Compared to South Surrey real estate or even central Langley pricing, what $399,000 buys you here in Aldergrove Town Centre is genuinely compelling. Buyers who understand the direction this neighbourhood is heading recognize that early entry at this price point is an opportunity, not just a transaction.

Modern interior living space at 401–27215 Aldergrove Town Centre Drive

A 2025-Built Unit That Meets What Langley Buyers Are Actually Looking For

Across homes in Langley, buyer expectations in this segment are consistent — low maintenance, modern finishes, functional use of space, and proximity to daily essentials. A brand new 554 sq. ft. strata unit in Aldergrove Town Centre delivers exactly that without the carrying costs or condition concerns that come with older inventory.

With mortgage qualification still presenting a real barrier for many buyers, a new build at $399,000 in a well-connected area cuts through the noise quickly. Buyers in this price range are decisive — and a property like this doesn't sit around waiting for them to make up their minds.

The Aldergrove Strata Market and Why This Segment Keeps Performing

The Brookswood housing market and surrounding Aldergrove communities have held their ground through various market conditions, and newer strata inventory near the Town Centre has been among the most active segments. The demand here is driven by genuine need — not speculation. First-time buyers looking for an entry point into the Langley housing market, downsizers leaving larger homes, and investors drawn to Aldergrove's solid rental fundamentals all converge on this type of property.

New construction adds another layer of confidence for buyers who want certainty. No deferred maintenance, no strata depreciation surprises, and no compromises on condition. At $399,000 for a 2025-built unit, that peace of mind comes at a price point that is hard to replicate right now anywhere in the Fraser Valley.

Aldergrove Town Centre neighbourhood, Langley BC real estate

Who Should Be Looking at 401–27215 Aldergrove Town Centre Drive Right Now

This unit is a strong fit for several types of buyers. First-time buyers who want new construction without stretching their budget will find this hits a realistic number. Professionals commuting along the Fraser Highway corridor — to Surrey, Abbotsford, or Langley City — will appreciate how well this location works on a daily basis. Downsizers who want something fresh, clean, and simple will find the lifestyle here easy to settle into. And for investors, Aldergrove's rental demand continues to be supported by its amenities, transit, and affordability relative to the broader Langley real estate market — a brand new unit attracts quality tenants and commands strong rental rates.

If this aligns with what you've been looking for, now is the time to take a closer look.

Jared Gibbons Knows This Market From the Ground Up

There's a difference between knowing market statistics and understanding how a specific neighbourhood actually moves. Jared Gibbons has built his practice across Aldergrove, Langley, Brookswood, and South Surrey real estate by staying close to both — tracking the data and staying active in the communities he works in. That combination gives buyers and sellers a clearer, more grounded picture of what's actually happening and what decisions make sense.

If 401–27215 Aldergrove Town Centre Drive is on your list or you want an honest read on what's available in Langley and Aldergrove right now, Jared is a straightforward conversation worth having.

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One of Aldergrove's Best Strata Opportunities Is on the Market

Timing matters in real estate, and right now the timing is right. 301–27215 Aldergrove Town Centre Drive has just become available in one of Langley's most practical and well-connected neighbourhoods, and buyers who have been watching the Aldergrove real estate market are already taking notice. This is the kind of strata unit that checks the boxes most buyers are working from — location, price point, and livability — without asking you to compromise on any of them.

Aldergrove Town Centre: The Neighbourhood Buyers Are Waking Up To

There's a reason more buyers are turning their attention to Aldergrove when searching for homes in Langley. This neighbourhood delivers the kind of everyday convenience that matters — walkable access to shops, restaurants, and services, strong transit connections along Fraser Highway, and easy reach to Highway 1 for commuters heading in any direction. All of that comes without the price premium attached to higher-profile Langley communities like Willoughby or Walnut Grove.

Compared to South Surrey real estate or central Langley, Aldergrove Town Centre offers genuine value that's becoming harder to find anywhere else in Metro Vancouver's eastern corridor. Buyers who recognize that early tend to make the smartest moves.

living room in aldergrove

What Today's Buyers Are Prioritizing in This Market

Across homes in Langley, buyer expectations have become sharply focused on practicality. Functional layouts, in-suite laundry, low-maintenance living, and proximity to daily essentials are driving decisions more than ever. Strata units in Aldergrove Town Centre are well-positioned to meet those expectations — and at a price point that remains accessible compared to much of the Langley housing market.

With mortgage qualification still presenting a real barrier for many buyers, well-priced strata properties in areas like Aldergrove are attracting serious, motivated interest. This isn't casual browsing — buyers in this segment are ready to move when the right property comes along.

Why Strata Properties in Aldergrove Hold Their Value

The Brookswood housing market and surrounding Aldergrove communities have demonstrated consistent stability through changing market conditions, and strata units near key amenities have been among the strongest performers. The reason is straightforward — the buyer pool is wide. First-time buyers, downsizers, and investors all compete for well-located strata units in this area, which keeps demand healthy and absorption rates strong even when the broader market softens.

Properties that combine a central location with practical features and a competitive price tend to attract offers from multiple buyer profiles at once. That kind of broad appeal is exactly what 301–27215 Aldergrove Town Centre Drive brings to the table.

Strata complex at 27215 Aldergrove Town Centre Drive, Aldergrove Langley BC

Who This Property Is the Right Fit For

This unit suits a range of buyers particularly well. Young professionals commuting to Surrey, Abbotsford, or anywhere along the Fraser Highway corridor will find the location works in their favour every single day. Those stepping down from a larger home will appreciate the low-maintenance strata lifestyle without feeling like they've sacrificed quality or convenience. For investors, Aldergrove continues to support solid rental demand driven by its transit access, amenity base, and relative affordability within the Langley real estate market.

If you've been waiting for a clear opportunity in this area, this is it.

The Local Insight Behind Every Smart Decision

Knowing a neighbourhood on paper is one thing — understanding how buyers actually behave in it is another. Jared Gibbons works across the Aldergrove, Langley, Brookswood, and South Surrey real estate markets with the kind of on-the-ground knowledge that comes from being consistently active in these communities. His approach is direct and data-informed, focused on helping buyers identify real value and move confidently.

If this property is on your radar or you're exploring what's available across Langley and Aldergrove, Jared Gibbons is the person to talk to — no pressure, just honest local insight when you need it.

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🚨 $10,000 Price Drop — 2 Bed Condo in South Surrey

A South Surrey Condo Just Got More Accessible

A $10,000 price reduction has brought this 2 bedroom, 2 bathroom condo at 220 – 15735 Croydon Drive in South Surrey to a new asking price of $619,000 — and it's worth paying attention to. At 1,010 square feet with two parking stalls and a storage locker, this is the kind of unit that checks a lot of practical boxes in a market where value is harder to come by.

What the South Surrey Condo Market Looks Like Right Now

South Surrey real estate has remained one of the more resilient segments of the Metro Vancouver market. The area attracts a wide range of buyers — from young professionals priced out of Vancouver to downsizers who want to stay close to amenities without the upkeep of a detached home. Inventory in the South Surrey and White Rock corridor has been shifting, and competitively priced condos with strong fundamentals tend to move when the price aligns with buyer expectations. This adjustment does exactly that.

2 bedroom condo at 220-15735 Croydon Drive South Surrey priced at $619,000

Why Buyers Are Drawn to This Part of South Surrey

Homes in South Surrey near the Croydon Drive corridor benefit from proximity to Morgan Crossing, Grandview Corners, and some of the best everyday conveniences in the Fraser Valley. Grocery stores, restaurants, medical services, and transit connections are all within easy reach. For buyers who want a low-maintenance lifestyle without sacrificing space or location, this pocket of South Surrey consistently delivers. The area also connects quickly to Highway 99, making commutes to Vancouver or across the border manageable.

What Makes This Unit Stand Out

Two bedrooms and two full bathrooms in a 1,010 square foot floor plan is a meaningful amount of space for a condo in this price range. The inclusion of two parking stalls is a genuine differentiator — most comparable units in the building and nearby developments come with one. Add a dedicated storage locker and you have a package that supports real day-to-day living rather than just a foot in the door. At $619,000, this is one of the more practical entry points into South Surrey condo ownership available right now.

Spacious 1,010 sq ft condo interior in South Surrey Morgan Creek area

Who This Property Is Ideal For

This type of unit tends to attract first-time buyers looking for a well-located property with room to grow, as well as investors who recognize the rental demand that exists in this corridor. Downsizers coming from larger detached homes in South Surrey or White Rock also find this kind of layout appealing — enough space to live comfortably, without the square footage that becomes a burden. The dual parking is particularly attractive for couples or anyone who needs two vehicles.

Local Expertise That Makes a Difference

Jared Gibbons has worked extensively in the South Surrey real estate market and brings a grounded understanding of what buyers are looking for and where pricing needs to land for a property to perform. When a price adjustment happens, it's rarely just a number, it's a signal. For buyers who've been watching South Surrey condos, this one deserves a closer look.

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How the 2026 BC Budget Impacts Real Estate Owners in the Fraser Valley

If you own property in Langley, South Surrey, or anywhere across the Fraser Valley, the 2026 BC provincial budget just changed the math on your investment. Quietly tucked inside a sweeping fiscal plan designed to shore up provincial revenues is a series of tax changes that will raise operating costs for landlords, increase carrying expenses for luxury and acreage owners, and reshape the economics of holding undeveloped residential land. Here is what you need to know — and what you should be doing about it right now.

What Services Will Now Have PST Applied?

Effective October 1, 2026, BC PST on real estate services will apply to a range of professional services that property owners and managers rely on every day. The 2026 BC budget real estate changes specifically target:

  • BC property management PST — rental property management fees and strata management services

  • PST on brokerage fees in BC — commissions related to buying and selling non-residential real estate

  • Security services

  • Accounting services

  • Architectural, engineering and geoscience services — at a reduced rate of 2.1%

The standard rate is 7%. The BC government's justification is that BC currently has the narrowest sales tax base of any province that collects a provincial sales tax — and that most other provinces already tax professional services.

"If you want affordable housing, it seems misdirected. Licensed property managers deliver an important service to our sector. They're the ones managing the tenant relationships and we really don't need an extra cost for that."

David Hutniak
CEO, LandlordBC

Unlike HST provinces, BC businesses and property owners cannot recover this cost through input tax credits. The PST is a hard, non-recoverable expense — one that flows directly into your operating budget starting this fall.

For investors exploring options in our Fraser Valley market, see our Langley Investment Properties and South Surrey Rental Properties pages for current listings.

How This Affects Landlords and Investors

The BC rental property tax increase is not limited to one line item — it is a stack of new costs arriving at once. As a landlord, virtually every third-party service you currently contract out will now carry an additional 7% charge. Consider the compounding effect:

  • Your property management company's monthly fee? Add 7%.

  • Your building's security contract? Add 7%.

  • Annual accounting and bookkeeping fees? Add 7%.

  • Any architectural or engineering work for renovations or maintenance? Add 2.1%.

This is how the 2026 BC budget affects real estate investors in real dollar terms: for a landlord spending $30,000 annually on property management, security and accounting combined, the new PST alone adds $2,100 in annual non-recoverable costs.

The question to ask yourself is whether your current rent structure and cap rate assumptions still hold. If operating costs are rising and rent increases are capped under the Residential Tenancy Act, the net operating income on your rental portfolio is compressing. This may be the right moment to review asset value and positioning.

Additional costs for BC landlords in 2026 also mean that multi-family properties with thin margins may need to be reassessed. Browse our current Multi-Family Listings and Pre-sale / Development Opportunities to understand what the market looks like right now.

School Tax Changes for Homes Over $3 Million

The second major change in the 2026 budget targets high-value properties. The BC school tax on homes over $3 million will increase substantially starting January 1, 2027.

Currently, residential properties assessed above $3 million are subject to a school tax surcharge of 0.2% on the portion of value up to $4 million, and 0.4% on the remainder above $4 million. Under the new rules:

  • The rate on assessed value between $3M and $4M increases from 0.2% to 0.3%

  • The rate on assessed value above $4M increases from 0.4% to 0.6%

For owners at the lower threshold, that translates to up to $999 more per year. For every $1 million of assessed value above $4 million, the additional annual tax exposure rises by $2,000. On a $6M property, that is roughly $5,000 in additional school tax annually versus today's rates.

BC luxury home property tax changes are not hypothetical — they take effect at the start of 2027, just over a year away. If you are holding a property in this range and considering your timeline, the window to act before these changes kick in is real.

View current Langley Luxury Homes and South Surrey Luxury Real Estate to explore your options.

What This Means for Luxury Acreage Owners

Owners of large acreage parcels — particularly those sitting on undeveloped or partially developed residential land — face a specific compounding risk under the 2026 budget. The BC school tax increase in 2027 applies to assessed value, not income-generating value. If you are holding raw land assessed above $3 million, you are paying a higher annual tax on an asset that may not be generating any income to offset it.

This matters a great deal in the Langley and South Surrey markets, where acreage assessed values have risen significantly over the past several years. Langley real estate taxes in 2026 are already a meaningful carrying cost — the 2027 school tax increase pushes that calculus further.

The provincial government has also changed how school property tax increases are calculated going forward. Instead of being tied to inflation plus new construction, increases will now track the three-year rolling average of nominal BC GDP growth. This means the tax base is designed to grow — not stabilize.

If you are holding undeveloped acreage at or near the $3M assessed value threshold, it is worth modeling your annual carrying cost trajectory over the next five years. The numbers may change your hold vs. sell decision significantly.

Explore our Langley Acreage for Sale listings and connect with us for a property-specific tax impact analysis.

Strategic Advice for Sellers in 2026–2027

These changes are not just background noise — they have direct implications for listing strategy, pricing, and timing. Here is how to think about them.

Pricing matters more than ever. As BC commercial real estate tax changes and residential carrying costs increase, buyer calculations are shifting. Properties priced at or near the top of market will face longer days on market as buyers factor in higher operating cost projections. Pricing sharply and correctly from day one is more important in this environment than in a rising-cost-of-waiting market.

Absorption rates matter. In a market where ownership costs are rising, absorption slows — meaning more competition among sellers for a smaller, more cost-sensitive buyer pool. Understanding current absorption rates in your submarket is essential context for any listing decision.

The school tax window is real. BC luxury home tax changes in 2027 are locked in pending formal adoption of the budget bill. If you own property above $3M and have been on the fence about timing, selling before January 1, 2027 means the buyer is acquiring under today's tax structure — which is a legitimate and honest part of the value narrative.

Holding undeveloped land is becoming more expensive. The combination of rising school taxes, non-recoverable PST on professional services, and a GDP-indexed future tax growth formula means the annual cost of sitting on undeveloped acreage will compound over time. If your development timeline has shifted or is uncertain, a hold vs. sell review is warranted.

For current data to inform your decision, view our latest Langley Real Estate Market Report and South Surrey Housing Update.

Final Thoughts: How to Position Yourself Properly

The 2026 BC budget real estate impacts are broader than a single headline. They represent a structural shift in the cost of owning, managing, and holding property in British Columbia. Whether you are a landlord managing a multi-family building in Langley, an investor holding acreage in South Surrey, or a luxury homeowner reassessing your portfolio — these changes affect your bottom line.

The right response is not panic, it is precision. Understanding exactly how much your costs are increasing, how your asset value holds up under new tax assumptions, and what your options look like in the current market is the foundation of a sound strategy.

That is the work we do with our clients. Not just listing property — but helping you understand the full financial picture so you can make the best decision for your situation.

Thinking about selling before Jan 2027 school tax adjustments? Let’s review your timing

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CleanBC Rebates in BC: How Homeowners Can Save Thousands on Upgrades

Most homeowners I talk to have no idea that there are thousands of dollars in government rebates available to them right now — money that can go toward upgrading their windows, insulation, heating systems, and electrical. These programs exist, they're accessible, and in some cases, eligible homeowners don't even have to pay anything upfront.

The CleanBC Better Homes rebate program is one of the most useful tools available to BC homeowners today. Whether you're trying to lower your monthly energy bills, make your home more comfortable year-round, or get it ready to sell, these upgrades can make a real difference — and the rebates help offset a significant chunk of the cost.

The Biggest Rebates Available Right Now

The CleanBC program covers a wide range of home improvements. Here's a look at what's currently available:

Heat Pumps — Heat pumps are one of the most popular upgrades right now, and for good reason. They heat and cool your home efficiently, cutting energy costs significantly compared to older systems. Rebates on heat pump installations can reach into the thousands of dollars, making an already smart investment even more affordable.

Windows & Doors — Old, drafty windows are one of the biggest sources of heat loss in older BC homes. Upgrading to energy-efficient windows and doors improves comfort, reduces heating costs, and can qualify for substantial rebates depending on your situation.

Insulation — Upgrading insulation in walls, attics, or crawl spaces is one of the most cost-effective ways to improve a home's energy efficiency. Better insulation means your heating and cooling systems don't have to work as hard, which shows up quickly on your energy bills.

Electrical Upgrades — Some electrical panel upgrades and EV charger installations may also qualify for support through CleanBC programs, particularly as part of a broader home efficiency improvement project.

These aren't obscure programs buried in fine print — they're designed to be used, and many homeowners who qualify simply haven't applied yet.

Why This Matters If You're Thinking About Selling

If you're planning to list your home in the next one to two years, energy efficiency upgrades deserve a real spot in your pre-sale strategy. Here's why:

Today's buyers are more aware of energy costs than ever. A home with newer windows, a modern heat pump, and solid insulation signals lower ongoing costs — and that matters to buyers who are already stretched thin by mortgage rates. It's not just a nice-to-have; it's a tangible value differentiator.

Beyond buyer perception, these upgrades genuinely improve how a home shows. New windows brighten rooms and eliminate that drafty feeling buyers notice right away. A modern heating system looks good on a disclosure sheet. Better insulation means a home that holds its temperature, which buyers feel the moment they walk in on a cold day.

Lower utility costs are also increasingly part of how buyers assess affordability. If your home costs noticeably less to heat and cool than comparable listings, that's real money in a buyer's pocket every month — and it can support a stronger offer.

The bottom line: strategic upgrades before listing, especially when offset by rebates, can offer a strong return on a relatively modest out-of-pocket investment.

Real Example From a Local Homeowner

I want to share a recent experience that really illustrates how powerful these programs can be when everything lines up.

I recently worked with a client who owned a mobile home. Their household income was under $46,000 per year, which meant they qualified for the income-qualified rebates available through the CleanBC program. Through this stream of the program, they were able to access approximately $9,000 in total through the window and door rebates.

What made this especially impactful was how it worked financially: they did not have to pay upfront. The cost was built into the program and handled through an approved contractor, meaning the client got brand new, energy-efficient windows installed without needing to come up with thousands of dollars out of pocket.

The results were immediate. The home became noticeably warmer, drafts that had been a problem for years were gone, and heating costs dropped. Beyond comfort, the home received a significant physical upgrade — the kind of improvement that matters both to the homeowner living there now and to any future buyer.

This is exactly the kind of outcome these programs are designed to create, and it's a reminder that the opportunity is real — it just requires knowing it exists and taking the steps to apply.

Who Should Be Looking Into These Rebates

You don't need to be in a specific situation to benefit, but a few groups in particular should make this a priority:

Homeowners planning to sell in the next 6–24 months have the most to gain from acting now. There's often enough lead time to complete upgrades, receive rebates, and present an improved, energy-efficient home to buyers — a combination that can justify a higher asking price.

Owners of older homes and mobile homes tend to qualify more easily and have the most room for improvement. Older construction often means single-pane windows, minimal insulation, and aging heating systems — all of which are exactly what these programs are built to address.

Lower-income households may qualify for income-tested streams of the CleanBC program that offer deeper rebates or no-upfront-cost arrangements, like the example above. If your household income is under a certain threshold, it's absolutely worth exploring what's available.

Anyone already planning upgrades should look into rebates before signing a contract. If you're going to replace your windows or install a heat pump anyway, getting a significant portion of that cost covered by a rebate just makes the decision easier.

Thinking About Upgrading Before You Sell?

If you're planning to sell your home and want to know which upgrades are actually worth doing — and how to potentially offset the cost through programs like CleanBC — I'm happy to walk you through it.

As someone who has helped clients navigate these rebates and seen firsthand the difference they can make, I can help you figure out what buyers in your area are looking for and what improvements will carry the most weight when it comes time to list.

Feel free to reach out. No pressure — just a conversation about what makes sense for your home and your timeline.

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New Listing: 115-9072 Fleetwood Way – Ground-Floor Townhouse in Fleetwood Tynehead

A rare ground-floor end unit has just hit the market in the Wyndridge community. This 2-bedroom, 2-bathroom townhouse at 115-9072 Fleetwood Way offers 1,344 square feet of single-level living — no stairs at all.

Listed at $599,000 in Fleetwood Tynehead, one of Surrey's most established neighborhoods.

Why Fleetwood Tynehead?

Fleetwood Tynehead keeps attracting buyers who want an established community with everything nearby. Shopping, recreation, transit, and schools are all within easy reach.

The location along Fraser Highway gives you quick access to Surrey Memorial Hospital, SFU Surrey, and Surrey Central SkyTrain. It's an easy commute while still feeling like a quiet residential neighborhood.

Tree-lined streets, parks, and well-maintained complexes make this area hold its value.

What Makes This Unit Stand Out

True single-level townhomes in Surrey are hard to find. This ground-floor end unit means zero stairs, extra windows for natural light, and more privacy than interior units.

The layout is practical — 1,344 square feet with generously sized rooms. The primary bedroom has a walk-in closet and ensuite bathroom.

Wyndridge is an adult-oriented community (45+) with gated security, a clubhouse, and recreation facilities. Strata fees are $386.26/month covering grounds maintenance and shared amenities. You also get a private yard, patio, single garage, and extra parking.

Location Highlights

Surrey Sport and Leisure Complex is nearby for fitness, skating, and swimming. Fleetwood Community Centre and Library are close too.

For daily errands, you've got multiple grocery stores, Rona, JYSK, Starbucks, and Tim Hortons all within minutes.

Bus stops right by the complex connect to Surrey Central Station, and Fraser Highway gives direct access to Highway 1.

Why It's a Smart Buy

Built in 1988, Wyndridge has decades of proven management and established landscaping — no surprises like you sometimes get with new construction.

Rentals are allowed with restrictions, which adds flexibility for investors or future life changes. At $599,000, it works for downsizers selling a larger home or investors looking for stable rental income in an established area.

Why Single-Level Living Matters

Ground-floor access eliminates mobility concerns entirely. It's easier for carrying groceries, simpler to maintain, and more efficient to heat and cool.

For downsizers, 1,344 square feet is right-sized — enough room for your furniture without wasted space. Two full bathrooms mean guests are comfortable, and the separated bedrooms give you privacy.

Listed at $599,000 | 2 Bed, 2 Bath | 1,344 sq ft | Ground-Floor End Unit

For a private showing or more details on this Fleetwood Tynehead townhouse, contact Jared Gibbons.

Browse more Surrey homes for sale or explore Surrey condos under $800K.

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New Listing: 511 Similkameen Avenue – Affordable 3-Bedroom Home in Princeton, BC

A solid investment opportunity has just hit the market in Princeton, BC. This 3-bedroom, 1-bathroom home at 511 Similkameen Avenue is listed at $299,000 with a tenant already in place paying $2,000/month.

Immediate cash flow on day one.

Why Princeton?

Princeton is one of BC's most undervalued communities. Homes under $300,000 still exist here — and the small-town charm, outdoor lifestyle, and growing demand make it a smart place to buy.

The town sits along Highway 3, about 90 minutes from Kelowna and two hours from the Fraser Valley. Remote workers, retirees, and investors are all starting to take notice.

Fishing on the Tulameen and Similkameen Rivers, hiking, mountain biking, and proximity to Manning Park make Princeton especially appealing to lifestyle-focused buyers.

What This Property Offers

The layout is practical — 864 square feet with 3 bedrooms and 1 bathroom. Nothing wasted.

The fully fenced yard with alley access gives you secure outdoor space and flexible parking. Great for families with pets or anyone who needs storage for recreational gear.

The location puts you within walking distance of downtown Princeton's shops, cafes, and services. Parks, trails, and a dedicated dog park are all nearby.

The Investment Case

A tenant is already in place paying $2,000/month. No vacancy period. No guessing on rental rates — this is market-tested income.

On a $299,000 purchase price, that's a competitive yield you won't find in any urban market without significantly more capital.

Princeton's rental market is tight — low vacancy rates and demand that consistently outpaces supply. That's a strong position for a landlord.

Why This Price Point Matters

Homes under $300,000 in BC are getting harder to find. This one gives you multiple options — live in it, rent it out, or hold it for appreciation.

Unlike seasonal resort towns with wild price swings, Princeton has year-round residential character. Values here appreciate steadily. The town's ongoing infrastructure investments signal long-term confidence in growth.

Properties bought during periods of relative affordability in the Similkameen Valley have consistently appreciated as more people discover the area.

Location Highlights

Princeton is compact and walkable. Grocery stores, the recreation complex, medical services, and schools are all easy to get to regardless of where you live in town.

The trail network connects directly to walking and biking routes throughout the valley. Daily errands don't require a car — a big plus for a small town.

Listed at $299,000 | 3 Bed, 1 Bath | 864 sq ft | Rented at $2,000/month

For a private showing or more details, contact Jared Gibbons at (604) 928-1361.

Browse more Fraser Valley acreages and rural properties or explore farms for sale.

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2026 Speculation Tax in South Surrey & Langley: What Homeowners & Investors Need to Know

The 2026 Speculation and Vacancy Tax (SVT) changes continue to shape real estate decisions across South Surrey, Langley, and the Fraser Valley. As expanded taxation zones and updated rates come into effect, homeowners, investors, and part-time property owners must understand how these rules may impact rental use, reporting obligations, and long-term carrying costs.

For properties left vacant or under-utilized, the tax can significantly increase annual ownership expenses. At the same time, the Fraser Valley real estate market remains strong, with continued demand for housing and rental properties. This creates both challenges and opportunities for buyers, sellers, and investors who plan strategically.

Communities such as Grandview, Willoughby, Clayton Heights, Brookswood, and Murrayville continue to attract strong investor interest, but updated taxation policies may shift buying patterns toward income-producing properties and rental-friendly homes. Understanding exemptions, deadlines, and compliance expectations is essential for protecting property value and avoiding unnecessary penalties.


What Is the Speculation and Vacancy Tax in BC?

The Speculation and Vacancy Tax was introduced by the Government of British Columbia to reduce the number of empty homes and increase housing availability. The tax targets properties that are not used as a principal residence or are not rented out for a sufficient portion of the year.

It applies in key urban and high-demand areas across the province, including parts of South Surrey, Langley, and surrounding Fraser Valley communities. The goal is to encourage owners to rent out underused homes and discourage speculative ownership that limits available housing supply.

For local property owners, this means planning ahead. If a home sits vacant or is only occasionally occupied, it may be subject to the tax unless it qualifies for an exemption.


2026 Speculation Tax Rates Explained

Beginning with the 2026 tax year, updated rates will apply based on residency status and income classification.

Foreign owners and untaxed worldwide earners:
3% of the property’s assessed value

Canadian citizens and permanent residents (not untaxed worldwide earners):
1% of the property’s assessed value

To understand the real impact, consider these examples:

  • $900,000 property → 1% = $9,000 per year

  • $1,200,000 property → 1% = $12,000 per year

  • $1,200,000 property → 3% = $36,000 per year

For investors or owners holding secondary properties, these additional costs can influence whether it makes sense to rent, sell, or reposition a property.

These changes apply to the 2026 tax year, with payments due in July 2027.


Who Pays the Speculation Tax in South Surrey & Langley?

The tax primarily affects:

  • Owners of second homes

  • Investors holding vacant properties

  • Foreign buyers

  • Owners who live outside Canada part of the year

  • Properties that are not rented long enough to qualify for exemptions

In areas like South Surrey and Langley, where there are many investment properties, presales, and secondary homes, some owners may find themselves newly affected by the expanded rules.


Who Is Exempt From the Speculation Tax?

Many property owners qualify for exemptions if their home meets certain conditions.

Common exemptions include:

  • The property is your principal residence

  • The home is rented for at least 6 months of the year (in monthly increments)

  • The property was inherited

  • Major renovations are underway

  • You are in medical care or a long-term care facility

  • You relocated for work

  • Ownership changed due to separation or life events

Because each situation is unique, understanding which exemptions apply is one of the most important steps in avoiding penalties.


What If You Co-Own a Property?

Shared ownership situations can become more complex under the speculation tax rules.

If a property is owned by multiple individuals, corporations, or trusts, the tax owed may depend on the status of each owner. In some cases, if one owner is classified differently (such as a foreign national), the higher tax rate may apply to the entire ownership structure.

This makes it especially important for investors and families who co-own properties to understand how their ownership structure affects taxation.


Speculation Tax Deadlines & Timeline

Understanding the timeline helps avoid missed deadlines and penalties.

  • Tax Year: January 1 to December 31

  • Declaration Deadline: March of the following year

  • Payment Due: Early July following the tax year

For example, taxes for the 2026 year would typically be declared in early 2027 and paid by July 2027.


How the Speculation Tax Is Affecting the Local Market

The updated tax rules are already influencing real estate decisions across South Surrey and Langley.

Some trends include:

  • More investors choosing to rent out properties

  • Increased interest in income-producing homes

  • Some owners selling secondary properties

  • Stronger demand for rental-friendly homes with suites

In neighbourhoods like Grandview, Willoughby, Clayton Heights, and Brookswood, properties that generate rental income may become even more attractive to buyers looking to offset carrying costs.


South Surrey vs Langley: Where the Impact Is Strongest

South Surrey has historically seen strong investor activity, second homes, and part-time residences. This means the speculation tax may have a greater impact on owners holding unused or seasonal properties.

Langley, on the other hand, has a high concentration of family homes, townhomes, and properties with rental suites. These types of homes often qualify for exemptions more easily when rented, which can help owners manage tax exposure.

This difference may influence where investors choose to buy moving forward, with more focus on properties that support long-term rental income.


What This Means for Buyers, Sellers & Investors

For homeowners with secondary properties or vacation homes, increased tax rates could raise annual ownership costs and influence long-term decisions.

For investors, the tax may encourage:

  • Purchasing homes with rental potential

  • Adding basement suites

  • Holding income-producing properties

  • Selling underutilized homes

For buyers, these policy changes could increase available inventory as some owners choose to sell rather than hold vacant properties.


What Property Owners Should Do Before 2026

Planning ahead is key. Owners should consider:

  • Renting out underused properties

  • Reviewing exemption eligibility

  • Evaluating long-term holding costs

  • Considering whether to sell, hold, or reinvest

Small strategic decisions today can help avoid large tax expenses in the future.


Speculation Tax FAQ

Do I pay speculation tax if I rent my home?
If the home is rented for at least six months of the year in monthly increments, it may qualify for an exemption.

Do I pay if it’s my main home?
Principal residences are typically exempt.

What if I just bought a presale?
Rules vary depending on occupancy and completion timing.

What if the home is under renovation?
Major renovations may qualify for exemption, depending on the situation.


Need Help Understanding How This Affects Your Property?

If you own a second home, investment property, or vacant property in South Surrey or Langley, the 2026 speculation tax could affect your long-term strategy and carrying costs.

Understanding your options early — whether renting, selling, or repositioning your investment — can help you stay compliant while protecting your property’s value.

If you're unsure whether your property qualifies for an exemption or how these changes might affect your plans, reach out for guidance tailored to your situation and the local market.

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Fraser Valley Real Estate - January 2026 Update
↓ Prices
Most areas trending down
↑ Inventory
More choices for buyers
↓ Sales Volume
Slower activity across board
7 Areas
Covered in this report

January is traditionally a quieter month for real estate — but this January told a clear story across the Fraser Valley. Inventory is climbing in nearly every area, sales volumes dipped compared to December, and prices softened in most detached markets. For buyers, the landscape is opening up. For sellers, pricing strategy matters more than ever.

Surrey

Surrey saw a noticeable shift this month. Inventory grew steadily in both detached and attached categories, giving buyers meaningfully more options than they had in December. On the sales side, the number of homes that actually sold dropped sharply for detached houses — a clear sign that buyers are taking their time. Detached sale prices pulled back, while price per square foot held relatively close to where it was. Condos and townhomes told a similar story: more listings, fewer sales, and a modest softening on price. Days on market stretched a bit for attached homes, though detached homes actually moved a little faster. Overall, Surrey is firmly in buyers' territory right now.

145 2853 Helc Place

145 2853 Helc Place

South Surrey/White Rock

South Surrey and White Rock stood out this month for one reason: detached prices barely moved. While most of the Fraser Valley saw price softening, this area held remarkably steady — a sign of sustained demand at the higher end. That said, inventory still crept up and sales volume dipped slightly. The one flag to watch is days on market for detached homes, which stretched considerably month over month. The attached market saw a bit more movement in pricing, with sale prices actually ticking up, though sales volume still dropped. A nuanced market — stable pricing, but buyers are in less of a hurry.

North Delta

North Delta quietly added more listings while sales volume dropped for detached homes. Prices and price per square foot both edged down slightly, and days on market stretched a bit — a classic cooling pattern. The attached market here is small, so the numbers can swing more dramatically, but the overall read is consistent: more supply, less urgency from buyers. List-to-sale ratios stayed stable, which suggests sellers aren't having to slash prices dramatically — they just need a bit more patience. A steady, buyer-friendly environment.

Cloverdale

Cloverdale was one of the brighter spots this month. Detached sale prices actually ticked up, and homes were selling faster than in December — a rare counter-trend in the Fraser Valley right now. Inventory still grew, but the attached market saw the biggest jump in new listings of any area we're tracking. Attached prices softened slightly, but list-to-sale ratios stayed very healthy. Cloverdale is reading as the most balanced market in the region — neither strongly favoring buyers nor sellers, just steady, well-priced activity.

309 27215 Aldergrove Town Centre Drive

309 27215 Aldergrove Town Centre Drive

Langley

Langley posted a meaningful jump in detached sale prices this month, making it one of only a couple of areas where prices actually moved up. Price per square foot followed suit. Sales volume did drop, and days on market stretched — so the price increase likely reflects the mix of homes that sold rather than a broad surge in demand. The attached market cooled more noticeably, with prices and price per square foot both dipping. Inventory grew across the board. Langley sits comfortably in balanced territory, with detached holding its value well and attached needing a little more attention from sellers on pricing.

Abbotsford

Abbotsford saw the sharpest price corrections in the Fraser Valley this month — both detached and attached sale prices pulled back more than anywhere else we track. Sales volume dropped significantly for detached homes, and days on market stretched. The attached market followed a similar pattern, with prices and price per square foot both coming down and list-to-sale ratios dipping below where they were in December. Inventory grew in both categories. The message here is clear: if you're selling in Abbotsford right now, pricing needs to be sharp. Buyers have options and they know it.

Mission

Mission was quietly one of the stronger performers this month. Detached sales actually increased — one of only two areas where that happened — and days on market dropped dramatically, meaning homes are moving faster. Detached prices held essentially flat, and list-to-sale ratios hit their strongest point in a while. Price per square foot ticked up noticeably. The attached market is thin here, so the numbers are harder to read, but the detached story is encouraging. Mission looks like a solid, well-balanced market heading into the spring.

💡

📊 The Big Picture

Across the Fraser Valley, January 2026 confirmed the trend: inventory is rising and sales are cooling. Every single area saw inventory grow month-over-month — some meaningfully. Meanwhile, sales volumes dropped in six of the seven areas we track. This shift gives buyers more negotiating room and means sellers need to price realistically from day one. South Surrey / White Rock detached held its price remarkably well, while Abbotsford saw the sharpest corrections in both categories. Mission and Cloverdale were the bright spots — steady demand, faster sales, and healthy ratios.

What Does This Mean for You?

🏠 If You're Buying

More inventory means more options and less pressure to rush. Days on market are stretching in most areas — take your time, do your homework, and don't be afraid to negotiate. The mid-range detached market across Surrey and Langley is seeing the most activity, so that's where competition will be strongest.

💰 If You're Selling

Pricing is everything right now. Homes are selling close to list price — but only if priced correctly from the start. Cloverdale and Mission are bucking the trend with strong activity and healthy ratios. Get the pricing right and your home will still move. Price high and it'll just sit.

```

Ready to make your move?

Whether you're buying or selling in the Fraser Valley, having the right guide makes all the difference. Let's talk.
Contact Jared Gibbons
6049281361

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South Surrey is Next: The New Ice Sports Facility

If you live in South Surrey or White Rock — or you're watching the area's rapid growth — there is one piece of news that deserves your full attention. Surrey Mayor Brenda Locke has confirmed that South Surrey is next in line for a brand-new, three-sheet ice sports facility, and the implications stretch far beyond the hockey rink.

Coming on the heels of the wildly successful $132-million Cloverdale Sport & Ice Complex, the City of Surrey is turning its focus squarely to the south end of the city. For the thousands of families, young athletes, and residents who call South Surrey and White Rock home, this announcement signals something bigger: a serious, long-term investment in community infrastructure, active living, and the kind of family-friendly amenities that make a neighbourhood truly desirable.

A City That Never Stops Building

Surrey BC is one of the fastest-growing cities in British Columbia, and its sports infrastructure is finally catching up. The Cloverdale Sport & Ice Complex — a stunning 95,000-square-foot facility with two NHL-sized sheets of ice — officially opened in late October 2025 after years of planning and construction. The arena cost $132 million in total, with the province contributing $70.2 million through its Growing Communities Fund.

But even before the Cloverdale ribbon was cut, the city was already signalling its next move. Mayor Locke made the intention clear at the opening ceremony, telling attendees that the demand for ice time in Surrey is, in her words, "insatiable." A city of families needs places where kids can lace up their first pair of skates, where figure skaters can train closer to home, and where hockey tournaments can fill local hotels and put energy into the community.

"

We really do have to build more ice surfaces for Surrey. The need is insatiable — and that's mostly because we're a city of families.

— Mayor Brenda Locke, City of Surrey

What the South Surrey Ice Sports Complex Will Look Like

While the full design plans for the South Surrey facility are still in development, the city has indicated that the new ice sports complex will follow a similar blueprint to the Cloverdale model — scaled for the needs of the South Surrey and White Rock communities. Here is what residents can expect based on the city's announced direction:

🧊

Three Full Ice Sheets

All NHL-sized, designed for hockey, figure skating, and public skating year-round.

🎟️

Spectator Seating

Spacious viewing areas for local tournaments and community events.

♿

Accessible Design

Para ice hockey features, wheelchair-accessible viewing, and inclusive programming built in from the start.

The facility is expected to include dressing rooms, skate rental services, multipurpose community spaces, EV charging in the parking area, and a range of dry-floor programming during the warmer months — things like lacrosse and ball hockey — to keep the complex active and useful all year long.

Why South Surrey Hockey Has Been Waiting for This

For anyone connected to youth hockey in this part of Surrey, the announcement feels long overdue. The Semiahmoo Ravens Hockey Association — one of the oldest and most respected minor hockey programs in the region — has been based in the South Surrey and White Rock area since 1966. With over 1,000 registered players, 60-plus teams, and more than 2,000 families involved, the Ravens are one of the pillars of community sport here.

But here's the challenge: the Ravens' home arenas — South Surrey Arena and Centennial Arena — simply cannot accommodate the volume of teams and ice time the association needs. Players have long had to rotate through multiple facilities, some of them outside the immediate area. A dedicated, modern three-sheet ice sports complex in South Surrey would be transformative for the Ravens and every other local hockey, figure skating, and skating program in the region.

🦅 Semiahmoo Ravens by the Numbers
Founded

1966 — nearly 60 years of hockey tradition in South Surrey and White Rock.

Players

Over 1,000 youth athletes across all age divisions, from U7 to U21.

Families

More than 2,000 families are part of the Ravens community each season.

Talent

The association has produced players named to NHL Central Scouting watch lists and sent teams to marquee tournaments like the Quebec Pee Wee International.

The new ice sports infrastructure in South Surrey won't just give the Ravens a proper home — it will support the growth of figure skating clubs, public skating programs, and youth sports opportunities across the entire peninsula.

More Than Hockey: A Community Hub

Ice rinks have a way of becoming more than just places to play hockey. The Cloverdale Sport & Ice Complex — already open and buzzing — is a perfect example. It hosts synchronized skating clubs, junior hockey teams, public lessons, and community gatherings. It is, as city officials have described it, a hub where families connect, young athletes grow, and the community comes together.

The same vision applies to the planned South Surrey facility. For a community that already prides itself on family-friendly neighbourhood amenities, active lifestyle choices, and strong community engagement, an ice sports complex is a natural and powerful addition. It rounds out the portfolio of recreation facilities that make South Surrey and White Rock such an appealing place to live.

Youth sports opportunities are one of the key reasons families choose this area — alongside excellent schools, coastal access, and the kind of tight-knit community feel that larger cities often struggle to maintain. A world-class ice sports complex fits right into that story.

What This Means for South Surrey Real Estate

South Surrey is already one of the most sought-after areas in the Fraser Valley — upscale neighbourhoods, beach access, strong schools. A major ice sports complex adds another layer, especially for families with young athletes who weigh amenities heavily when choosing where to buy.

"

It's community health and inclusion and economic activity all in one place.

— Mayor Brenda Locke, on the role of ice facilities in Surrey

The Fraser Valley market has been quieter recently — benchmark prices closed 2025 down roughly six percent year-over-year. In that context, investments like this are a strong signal of confidence in a neighbourhood's future, and a concrete reason for buyers to take a closer look at South Surrey.

What to Watch For

The South Surrey facility is still in planning, but it's part of a bigger wave — Surrey now has the North Surrey Sport & Ice Complex, the new Cloverdale complex (with a third sheet coming in 2027), and the proposed 10,000-seat Surrey City Centre Arena. The political will is there, the precedent is set, and South Surrey is clearly next. Keep an eye on City of Surrey council updates for timelines and public consultation.

Whether you're a hockey parent, a figure skater, a real estate buyer, or simply someone who cares about the future of South Surrey and White Rock — this is a story worth following closely. Got questions about what this means for your property or the area? Reach out to Jared Gibbons — your local South Surrey realtor.

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