35
$775,700
#105 – 827 Arncote Avenue
Langford · Residential
4 bd
4 ba
1,779 sqft
$436/sqft
Built 2007
MLS® 1032902
RE/MAX Camosun
Pre-approval · Langford
What does a mortgage pre-approval in Langford actually ask for?
The median asking price in Langford is $727,415. At that price the minimum down payment is $47,742, and a lender would test the balance at the federal qualifying rate rather than the rate you would pay. Here is what that works out to, and what a lender checks before any of it applies.
Median asking price
$727,415
Minimum down payment
$47,742
Qualifying payment
$4,548/mo
Estimated range · question 1 of 3
What is your gross household income?
Choose a range to start. Two more answers shape the estimate before any lender or credit check.
No credit check · About 1 minute See what you could qualify for
What the numbers ask of a Langford buyer
A $727,415 asking price puts the minimum down payment at $47,742 under the federal rules, and twenty percent at $145,483. Financing the remaining $679,673 and testing it at the qualifying rate of 6.49%, which is higher than the illustrative contract rate of 4.49%, produces a payment of $4,548 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $139,938. The census median household income in Langford is $93,000, which is about $46,938 short of the figure the payment implies.
A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $47,742 minimum possible. The premium is added to the mortgage.
Whether your own numbers clear that bar is a lender’s call, and it is a short conversation when your file is ready. See your estimated mortgage range and walk in with it assembled.
Minimum down payment on a Langford home
| Median asking price | $727,415 |
| Minimum down payment | $47,742 |
| Twenty percent down | $145,483 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $4,548 per month |
The minimum is five percent of the first $500,000, ten percent of any portion between $500,000 and $1,500,000, and twenty percent on anything above $1,500,000. The qualifying payment is arithmetic at an illustrative rate, not a quote.
What a lender is testing before any of this applies
- Income you can document. Pay stubs, a letter of employment, and two years of Notices of Assessment. Self-employed files need two years of T1 Generals.
- Debt you already carry. Balances, minimum payments, and limits, including the limit on a card you never use.
- A down payment with ninety days of history. Any large deposit inside that window needs a paper trail, and a gift needs a signed letter.
- Credit. A hard check, read alongside how long your history runs.
The full document list is on how to get pre-approved for a mortgage in BC.
Homes on the market in Langford
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Langford
31
$545,000
#116 – 2710 Jacklin Road
Langford · Residential
2 bd
2 ba
832 sqft
$655/sqft
Built 2009
MLS® 1043317
The Agency
38
$529,000
#204 – 1325 Bear Mountain Parkway
Langford · Residential
2 bd
2 ba
1,069 sqft
$495/sqft
Built 2006
MLS® 1044085
Sotheby's International Realty Canada
45
$799,900
2707 Scafe Road
Langford · Residential
5 bd
1 ba
1,655 sqft
$483/sqft
Built 1962
MLS® 1047354
Maxxam Realty Ltd.
63
$1,199,000
929 Step Moss Close
Langford · Residential
6 bd
4 ba
3,283 sqft
$365/sqft
Built 2015
MLS® 1047077
Royal LePage Coast Capital - Westshore
61
$1,699,000
2027 Hedgestone Lane
Langford · Residential
3 bd
4 ba
3,381 sqft
$503/sqft
Built 2015
MLS® 1043340
Sotheby's International Realty Canada
56
$1,164,900
2594 Buckler Avenue
Langford · Residential
6 bd
4 ba
2,497 sqft
$467/sqft
Built 1995
MLS® 1040530
Royal LePage Coast Capital - Chatterton
40
$1,329,000
1260 Ashmore Terrace
Langford · Residential
4 bd
4 ba
2,687 sqft
$495/sqft
Built 2025
MLS® 1039545
Royal LePage Coast Capital - Chatterton
Open House on Sat, 2pm–4pm
74
$719,900
1224 Drifter End
Langford · Residential
2 bd
2 ba
1,107 sqft
$650/sqft
Built 2024
MLS® 1032127
REMAX Professionals (NA)
Open House on Sat, 2pm–4pm
49
$739,900
1222 Drifter End
Langford · Residential
2 bd
2 ba
1,287 sqft
$575/sqft
Built 2024
MLS® 1031821
REMAX Professionals (NA)
Open House on Sat, 2pm–4pm
49
$749,900
1214 Drifter End
Langford · Residential
2 bd
2 ba
1,287 sqft
$583/sqft
Built 2024
MLS® 1031817
REMAX Professionals (NA)
33
$1,278,000
2117 Triangle Trail
Langford · Residential
4 bd
4 ba
2,539 sqft
$503/sqft
Built 2021
MLS® 1046606
One Percent Realty
See all Langford listings (539 active listings)
Pre-approval in cities near Langford
Mortgage pre-approval in Surrey
$1,049,000 median asking price
Mortgage pre-approval in Vancouver
$1,398,000 median asking price
Mortgage pre-approval in Richmond
$1,020,000 median asking price
Mortgage pre-approval in Burnaby
$890,000 median asking price
Mortgage pre-approval in Kelowna
$799,000 median asking price
Mortgage pre-approval in Langley
$949,900 median asking price
Mortgage pre-approval in Abbotsford
$824,900 median asking price
Mortgage pre-approval in Coquitlam
$950,000 median asking price
Pre-approval questions in Langford
What income does a lender test a median-priced Langford purchase against?
A $727,415 purchase with $47,742 down leaves $679,673 to finance. At the qualifying rate of 6.49% over 25 years the payment is $4,548 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $139,938. The census median household income in Langford is $93,000. Your own number will differ with your debts, your down payment, and your property taxes.
How much do I need for a down payment in Langford?
At the $727,415 median asking price, the federal minimum is $47,742, and twenty percent is $145,483. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $47,742 minimum possible. The premium is added to the mortgage. Closing costs sit on top of the down payment.
Does a pre-approval mean the mortgage is approved?
No. A pre-approval is a lender’s conditional statement about you. Final approval also depends on the specific property, which the lender appraises and, for a condo, reviews the strata documents on.
Can I get pre-approved before I choose a city?
Yes, and it is the usual order. A pre-approval is based on your income, debts, and credit rather than on a particular home, so the amount travels with you across BC. The down payment minimum changes with the price, not with the city.
Langford homes for saleNarrow Langford homes by featureLangford market reportNew listings in LangfordLangford price dropsHome affordability in BCMortgage stress test
Listing data provided by the Greater Vancouver REALTORS® and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. MLS® and REALTOR® are trademarks of CREA. Asking prices come from the live MLS® feed through board reciprocity. Household income is the Statistics Canada census median for the city. Payment figures use an illustrative rate over a 25-year amortization and the federal qualifying rate. They are arithmetic, not a quote, and not an offer of credit. Ray Rasouli is a licensed REALTOR® with Real Broker B.C. Ltd. and is not a mortgage broker or a lender. Nothing on this page is financial advice, a rate quote, or an offer of credit.