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The Journal · 1 October 2026

Upsizing from a condo to a house in Langley: the gap closed by $61,700

The short answerPrices fall in dollars, not percentages. The distance between the benchmark condo and the benchmark detached house in Langley was $1,007,100 a year ago; in August it was $945,400. For a condo owner looking at a house, the move costs $61,700 less than it did last August, before a dollar of rate change.
Analysis by Hamish Ross · 1 October 2026 · Data: September 2026 edition (August 2026 data)
The Evidence
MeasureAugust 2026, as read on 5 September
Benchmark condo$534,000, −$51,700 on the year
Benchmark house$1,479,400, −$113,400 on the year
The gap$945,400, down from $1,007,100
Condo to townhome$272,400 gap; townhome $806,400

What is happening

When every rung falls by a similar percentage, the dearer rung falls by more dollars, and the step between them shrinks. Condo owners have also had the least to give up: the condo is +99.1% over ten years, the house +56.9%. A condo bought in 2016 and a house bought in 2026 are the two ends of the best trade in the township.

What it means

Every month this window stays open, the next rung costs less; it closes when house prices turn before condo prices do, which is the usual order. Sell first or buy first is the decision that decides the outcome, and it should be made on purpose, with the numbers for both homes.

What we are watching nextThe two benchmarks in the September package. If the house moves before the condo, the gap starts widening again.

Fraser Valley Real Estate Board MLS® August 2026 package, released 2 September 2026; sub-area and twelve-month figures from the board’s database, read 5 September 2026. Benchmarks are the board’s index price, never an average. Analysis: Hamish Ross.

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