35
$984,900
$504/sqft
5 bd · 3 ba · 1,956 sqft
26824 Alder Drive
Langley · Single Family Residence
Listed by Royal Lepage Wheeler CheamMLS® R3164392
Cost of buying in Langley
The cost of buying a home in Langley
At the $989,950 median, you need $94,844 to close. That is the minimum down payment plus closing costs.
- Median asking
- $990K
- Closing costs
- $21K
- Minimum down
- $74K
- Cash to close
- $95K
Source: BCRES MLS® median asking price.
Cash to close
Starts at the median asking price in Langley. Enter your own.
Minimum down payment
$73,995
Closing costs
$20,849
Cash to close
$94,844
Cash to close is the minimum down payment plus closing costs.
- Median asking
- $990K
- Closing costs
- $21K
- Minimum down
- $74K
- Cash to close
- $95K
Source: BCRES MLS® median asking price.
Where the money goes
On a $989,950 home.
Closing costs, $20,849
| Cost | Amount |
|---|---|
Property transfer tax1% on the first $200,000, 2% to $2,000,000, 3% above. | $17,799 |
Legal and conveyancingA typical fee, not a quote. | $1,800 |
Home inspectionDone before your offer is final. | $600 |
AppraisalOften required by the lender. | $400 |
Title insurance | $250 |
Closing costs | $20,849 |
Minimum down payment5% of the first $500,000, 10% above that, 20% of the whole price from $1,500,000. | $73,995 |
Cash to closeMinimum down payment plus closing costs. | $94,844 |
- Default insurance of about $36,638 is added to the mortgage, not paid in cash.
- Not included: adjustments ($300 to $2,000) and moving ($500 to $3,000).
At the Langley median
The median asking price in Langley is $989,950. On a purchase at that price the closing costs come to roughly $20,849, about 2.1% of the price, on top of your down payment.
Property transfer tax is the largest single piece at $17,799. The rest is legal and conveyancing, an inspection, an appraisal and title insurance, which together run about $3,050.
At this price the first-time buyer exemption does not apply. It phases out between $835,000 and $860,000 and is gone above that, so in Langley it reaches only the lower end of the market.
The minimum down payment on $989,950 is $73,995, which puts the cash needed to close at roughly $94,844.
As a share of price, that is in line with the rest of the province, where the median is about 2.1%.
Homes near $990K in Langley
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25
$948,888
$495/sqft
4 bd · 4 ba · 1,916 sqft
#103, 7947 209 Street
Langley · Townhouse
Listed by Century 21 AAA Realty Inc.MLS® R3179355
33
$958,000
$459/sqft
4 bd · 4 ba · 2,086 sqft
#24, 8568 209 Street
Langley · Townhouse
Listed by Nu Stream Realty Inc.MLS® R3155744
37
$939,000
$480/sqft
4 bd · 4 ba · 1,958 sqft
#32, 19631 55a Avenue
Langley · Townhouse
Listed by RA Realty Alliance Inc.MLS® R3167004
22
$949,900
$499/sqft
4 bd · 4 ba · 1,902 sqft
#12, 20559 86 Avenue
Langley · Townhouse
Listed by Luxmore RealtyMLS® R3166909
19
$899,900
$416/sqft
4 bd · 2 ba · 2,165 sqft
3366 270a Street
Langley · Single Family Residence
Listed by Breakside Real Estate GroupMLS® R3164201
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
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Closing costs in other BC cities
Vancouver
About $28,050 in closing costs
See the breakdown
Surrey
About $21,560 in closing costs
See the breakdown
Burnaby
About $18,220 in closing costs
See the breakdown
Richmond
About $21,430 in closing costs
See the breakdown
Kelowna
About $16,450 in closing costs
See the breakdown
Abbotsford
About $17,049 in closing costs
See the breakdown
Coquitlam
About $20,230 in closing costs
See the breakdown
Chilliwack
About $16,048 in closing costs
See the breakdown
Questions
How much are closing costs in Langley?
About $20,849 on the $989,950 median price, or 2.1%. Transfer tax is $17,799 of that.
How much cash do I need to close on a home in Langley?
About $94,844 at the $989,950 median. That is the minimum down payment of $73,995 plus $20,849 in closing costs.
How much property transfer tax will I pay in Langley?
On a $989,950 purchase the property transfer tax is $17,799. British Columbia charges 1% on the first $200,000, 2% on the portion to $2,000,000, and 3% above that, with a further 2% on residential value over $3,000,000.
Who qualifies for the first-time home buyer exemption in BC?
A first-time buyer who qualifies pays no transfer tax on the first $500,000, saving up to $8,000, on a home priced up to $835,000. The saving shrinks between $835,000 and $860,000 and ends above that. Conditions apply. Check with gov.bc.ca before you rely on it.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: BCRES MLS® asking prices, with tax rates from gov.bc.ca and canada.ca.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
Rates verified against gov.bc.ca on 2026-07-22. Other costs are typical amounts, not quotes. Not tax or legal advice.