Real Estate Hotspots 2023: Langley, Pitt Meadows and Maple Ridge

img 287642 2
A road through the Pitt-Addington Marsh, in Pitt Meadows, B.C. Photo by Jingda Chen from Unsplash

Langley, Pitt Meadows and Maple Ridge form the eastern gateway to British Columbia’s Fraser Valley, with a combined population approaching 140,000. This guide highlights the best neighbourhoods to consider when buying real estate in these growing communities.

  • Best places to buy real estate in Langley, Pitt Meadows and Maple Ridge
  • How to read the table
  • What’s happened in these real estate markets?
  • What’s next for real estate in these cities?
  • The cities’ top three neighbourhoods
  • Methodology

Best places to buy real estate in Langley, Pitt Meadows and Maple Ridge

Below is a ranked list of neighbourhoods to consider when buying property in the Langley–Pitt Meadows–Maple Ridge area. The table summarizes benchmark prices for 2022, recent growth trends and neighbourhood scores for value, economics and accessibility. For full data, view the table and use the download options to export as Excel, CSV or PDF.

Rank Neighbourhood Rank (old) City Benchmark price 2022 1-year growth 3-year growth 5-year growth Value Economics Accessibility Children
1 Albion 1 Maple Ridge $1,216,895 22% 53% 70% 3.0 5.0 0.4 56%
2 Thornhill 2 Maple Ridge $1,756,081 24% 83% 98% 2.9 5.0 0.4 56%
3 Walnut Grove 3 Langley $1,088,714 21% 50% 66% 3.0 4.7 3.2 47%
4 Silver Valley 4 Maple Ridge $1,347,560 24% 49% 62% 2.8 4.7 0.8 53%
5 Whonnock 5 Maple Ridge $1,720,664 25% 36% 70% 2.1 5.0 0.4 56%
6 Websters Corners 6 Maple Ridge $1,769,637 20% 61% 71% 2.1 5.0 0.4 56%
7 North Meadows Pi 7 Pitt Meadows $1,335,513 34% 101% 123% 5.0 1.9 3.5 43%
8 Willoughby 8 Langley $978,134 21% 43% 44% 2.9 3.1 1.4 49%
9 Central Meadows 9 Pitt Meadows $871,306 28% 45% 69% 3.9 1.9 3.5 43%
10 South Meadows 10 Pitt Meadows $1,210,470 33% 48% 66% 3.9 1.9 3.5 43%
11 Mid Meadows 11 Pitt Meadows $800,496 25% 39% 77% 3.7 1.9 3.5 43%
12 Fort Langley 12 Langley $1,903,909 15% 40% 59% 0.9 4.7 3.2 47%
13 Murrayville 13 Langley $1,207,889 34% 55% 66% 4.0 0.0 4.1 35%
14 Aldergrove 14 Langley $983,065 24% 54% 67% 3.5 0.3 3.5 43%
15 West Meadows 15 Pitt Meadows $1,940,143 16% 34% 37% 0.7 1.9 3.5 43%
16 Brookswood 16 Langley $1,713,936 14% 70% 51% 1.6 0.0 4.1 35%
17 Glen Valley 17 Langley $2,944,249 18% 64% 66% 0.0 0.3 3.5 43%

Source: Zoocasa

Return to menu.

How to read the table:

  • Benchmark price 2022: Composite benchmark price for Dec. 31, 2022, covering detached homes, townhouses and apartments.
  • 1-year, 3-year and 5-year growth: Percentage change in the composite benchmark price over each time span.
  • Value, economics and accessibility: Scores from 0 to 5. Value indicates relative affordability for the price; economics reflects income and employment indicators; accessibility measures ease of travel by walking, cycling and transit.
  • Children: Percentage of households with children in the neighbourhood.
  • Read the detailed methodology behind these rankings.

Return to menu.

You’re 2 minutes away from getting the best mortgage rates in Canada
Answer a few quick questions to get a personalized rate quote*

I’m buying a home
I’m renewing/refinancing

You will be leaving MoneySense. Just close the tab to return.

What’s happened in the Langley, Pitt Meadows and Maple Ridge real estate markets?

These suburban markets near Vancouver saw rapid price appreciation in early 2022 as demand surged. In March 2022 the average home price in Langley was roughly $1.12 million, Pitt Meadows about $1.14 million, and Port Moody around $1.26 million. As interest rates climbed later in the year, prices cooled—Pitt Meadows’ average, for example, fell to approximately $853,400 by December, a drop of roughly 25% from March.

Prices rose across property types early in 2022, but higher borrowing costs shifted buyer preference toward more affordable options such as townhouses and condominium apartments. Local eXp Realty agent Geoff Pershick (whose firm is affiliated with Zoocasa) notes that affordability and limited supply are ongoing challenges impacting these cities.

Return to menu.

See the full report: Where to Buy Real EstateREAD NOW

What’s next for real estate in Langley, Pitt Meadows and Maple Ridge?

Heading into 2023, affordability remains a significant issue while demand continues to outstrip supply. A slow recovery in prices began in early 2023: Pitt Meadows saw about a 3% month-over-month increase from February to March, and Port Moody rose about 1% over the same period. Sales activity also picked up, with apartment sales in Port Moody more than doubling in March compared with February.

With population growth ongoing and housing inventory still constrained, these markets are likely to face a period of modest price gains rather than rapid appreciation. High interest rates could temper sales volumes, resulting in a relatively flat year for transactions even as asking prices drift upward.

Return to menu.


Top neighbourhoods in other regions

Alberta

• Calgary • Edmonton

Nova Scotia

• Halifax

British Columbia

• Burnaby, New Westminster, Richmond • Coquitlam, Port Coquitlam, Port Moody • Langley, Pitt Meadows, Maple Ridge • North Shore • Vancouver

Ontario

• Durham Region • Halton Region • Peel Region • Toronto • York Region


The cities’ top three neighbourhoods

1. Albion, Maple Ridge

Albion is a well-established Maple Ridge neighbourhood that has experienced notable appreciation: the composite benchmark price was $1,216,895 at the end of 2022, up about 70% over five years and 22% year-over-year. Albion earns a 5.0 economics score and a value score of 3.0. Accessibility is limited—many residents rely on cars—resulting in an accessibility score of just 0.4. Families are common here, with roughly 56% of households containing children.

View Albion real estate listings on Zoocasa.

2. Thornhill, Maple Ridge

Thornhill sits on Grant Hill’s south slope and is known for forested areas, extensive trails and outdoor recreation. Its benchmark price was $1,756,081 at the end of 2022—24% higher than a year earlier and up 98% over five years. Thornhill scores 5.0 for economics but, like Albion, has low accessibility (0.4), making personal vehicles the practical choice. Around 56% of households include children, underlining its appeal to families.

View Thornhill listings on Zoocasa.

3. Walnut Grove, Langley

Walnut Grove in northwest Langley has emerged as a local hub for food and entertainment. Its benchmark price was $1,088,714 at the end of 2022, up 21% from the previous year and 66% over five years. The neighbourhood scores a solid 4.7 for economics and a 3.2 for accessibility, meaning residents can get around relatively easily by car and by public transit compared with some neighbouring suburbs.

View Walnut Grove listings on Zoocasa.

Return to menu.


Read more about buying a home:

  • Mortgage renewal calculator
  • The best 5-year variable mortgage rates in Canada
  • The complete guide for first-time home buyers in Canada
  • How much you need to earn to afford a home in Vancouver and the GVA
  • 6 smart strategies for first-time home buyers

What does the * mean?

Affiliate links on this page may generate a payment to MoneySense (owned by Ratehub Inc.), which helps keep content free for readers. Links marked with an asterisk (*) or labelled “Featured” are affiliate links. Editorial content is produced independently and is not influenced by affiliate or sponsored placements. For full details, see the MoneySense monetization policy.

What type of article am I reading?

This content package was produced by MoneySense in collaboration with Zoocasa and is presented with financial support from Ratehub.ca. The ranking data and neighbourhood insights reflect Zoocasa’s research and MoneySense’s editorial presentation.