Langley vs Port Coquitlam house prices - which are going to rise faster?

[normisanas]

Langley vs Port Coquitlam house prices - which are going to rise faster in the future?

Looking at 5+ bedroom homes of 1990 or after, freehold non-strata in both communities. If they were on similar size plots of land and similar neighborhoods, with similar views, which do you think would hold its value (or even rise) better in the future 10 years?

 

[badbadboy]

Poco is run down with little indication of any improvements to infrastructure coming from their council. They do not have any land mass to make any real investment in Poco i.e. sell off some land to pour back into the POCO.

Langley is connected to Surrey which is the fastest growing municipality in Canada. My money is on Langley. Tons of land, some great sub divisions being built and they have a progressive council that wants to improve the whole area.

 

[mounty]

I would rather live in Langely as I lived in surrey and POCO seem so far away to me personally. Also, I would say Langely is developing very fast as it nearer to Surrey which is the biggest municipality with lot of business around/

 

[1nitestan]

Given the overall growth/development trend - Langley for the following reasons

- PoCompton is a shithole
- Surrey is fast becoming the next major urban center in the next 20 years
- Transit line expansion from Surrey central to Fleetwood to Langley is the most logical path
- Langley has a higher income population than PoCo. Deloitte accounting office in Langley is the highest grossing business unit in Canada relative to the community it serves
- PoCo is a shithole.

That being said, are you looking for a residence or a rental property? PoCo's cheaper property prices makes it easier to get into the rental game. Buy a nice 1970's or later two-level and rent out both floors and you'll be making money sooner.

 

[twotip]

I would think anything built near the Skytrain will go up.

 

[UhOh]

Depends where you work but I wouldn't like paying bridge tolls and run the risk of ever increasing toll rates. PoCo has half the property tax rate of Langley which will keep a couple thousand bucks in your pocket every year.
I don't know if PoCo is a shithole or not but I know Surrey is, and some of that shit has to be flowing into Langley.

 

[1nitestan]

What Surrey needs is some sort of train / rail system going out as far as Langley or Abbotsford for that matter. Non - vehicle transportation in the lower mainland is so so far behind. There should be sky train etc routes everywhere. Vancouver population is growing rapidly and they wonder why the traffic is so congested ound:.

There's is talk of some type of light rail system extending from Abbotsford through Cloverdale to Delta. Would make a nice east-west line where buses can funnel into; where passengers can connect to BC Ferries, and where Skytrain extension could join up at Cloverdale

 

[UhOh]

My ex inlaws live in Poco, I do not see much change there, over the past 6 years or so.

There's been a huge amount of development on Burke Mountain. It's almost its own little town that just wasn't there 5 years ago.

The bridges do not stop people from commuting to work downtown, it is a great place to live.

The bridges don't stop commuters because what choice do the have it that's on their route? But at $6/day round trip that's 2% of income for someone making $80K/yr. With 4% inflation and maybe 6% return on investments that 2% loss will be missed. Plus the already mentioned higher property tax rate of Langley could mean no savings for someone in Langley vs a little bit in the bank year end for the Poco resident.

 

[Ms Erica Phoenix]

The City of Surrey over the next 25 years will begin to over shadow even Vancouver in size and in living space. Vancouver is beginning to run out of useable space.

Langley will have vastly improved rates over the next 10-25 years because of it's promimity to surrey and the proximity of both Langley and surrey to the US border. Surrey will be a second major urban metropolis within the next 20 years. Passing vancouver in 25. Already starting.

Surrey is already the second largest school district in Canada, second only to Toronto, and one of the fastest growing school districts in North America which is EXACTLY why you do NOT want your children going to school here, especially in a new or developing area. The current board seems to see 'architectural marvels' as part of its mandate these days, so while kids in some areas still go to school hungry every day, at least the board office staff and personnel can get a 5 star lunch in the cafeteria for $6 a day.