Fraser Valley Living, Market Intelligence, Real Estate News
Eastern Langley’s neighbourhood of Aldergrove has shown signs of redevelopment – and Downtown Aldergrove is at the centre of it all
The Aldergrove area is home to about 12,400 of Langley residents and is a town on the verge of a major revitalization. We are already beginning to see the signs of this community’s evolving and maturing as it takes its shape – with the addition of a brand-new community centre and the emergence of commercial spaces. If you would like more detailed information on the planned development of Aldergrove, head over to the TOL’s Aldergrove Community Plan and check it out for yourself.
A revitalization is on the horizon for the downtown area specifically, with Aldergrove mall redevelopment plans in the works, the city looking for higher density housing options, street-level shopping with plenty of parking to create a town centre that is connected and convenient for both vehicle and pedestrian traffic. The Abbotsford Business Association and local government have been working through the adopted community plan to optimize the area and to support the community as the new developments continue to move east from Langley City and Willoughby to the Aldergrove neighbourhood. Many first-time home buyers and down-sizers will find that over the next few years Aldergrove will continue to grow into the alternative they are looking for.
An upcoming development better known as The Grand at Willow Creek has sparked a lot of interest within the Langley community. If the transit plaza is approved, this 47-unit condominium will be a couple of minutes walk away. Located in the heart of Aldergrove, this development will surely contribute to the noticeably strengthening downtown core. Sales appointments have begun by exclusive appointment only,
The Aldergrove Community plan outlines the desire to create a walkable neighbourhood with a focus on the Aldergrove Core area (272nd Street & Fraser Highway). This concept is a thoughtful design on convenient pedestrian walking paths, mixed-use shopping, services, and food centered in the Aldergrove downtown core. This mission is exemplified in many upcoming developments including a transit plaza which will be located adjacent to the main bus exchange. This is an excellent opportunity to revitalize Langley as mentioned previously, with shops, cafes, public art, pedestrian amenities, as well as space for outdoor events such as the weekly farmer’s market.
Living in Aldergrove provides residences with the convenience of living within close proximity to Highway 1 and Fraser Highway which will take you into the local Shopping Centres in Langley and West Abbotsford. The Downtown core is an evolving area that will soon resemble neighbourhoods from the west, bringing a hub of activity and a pedestrian-friendly area that properly services the local community. The potential for growth in Aldergrove is promising and given the market trends, areas that have seen a tremendous amount of new development have seen price appreciation throughout the evolution of the community.
Aldergrove is on the cusp of two rapidly growing cities and in addition to the variety of eclectic local services is the quick access to High Street Mall to the east as well as Abbotsford’s many biking, walking, and horseback riding trails at Abbotsford or Aldergrove Regional Park. If rain threatens to ruin outdoor activities, you can head to the brand new Aldergrove Community Centre for water/spray park, lap pool, river channel, gym, skating, and plenty of recreation programs.
Langley is actively creating a greener downtown area by filling it with parks, tree-lined streets and a focus on the protection and enhancement of Bertrand Creek. Current environmental goals will incorporate innovative infrastructure that reduces overall environmental impacts as well as encourage walkability for all citizens. In order to achieve a truly walkable downtown core, there will be implementation of on and off-street greenways and new network connections to provide safe, convenient access for pedestrians.
As for the market outlook, the Langley/Cloverdale market a whole increased by 282 percent. Sales were up in both condominiums and townhomes with 6 new project launches over the quarter accounting for 743 sales and leaving 441 units unsold by the end of the Third Quarter. There are more active projects in both sectors in this sub-market area which can explain the large increase in both sales as well as unsold units.
It was clear when looking at Aldergrove alone we find with a lack of development opportunities for future home buyers, anyone looking to trade up or downsize. New home options are sparse, and according to MLS statistics, home prices have continued to rise 10 percent over the last 6 months. This means now is the perfect time to get into a growing market and maximize the equity in your home! The Grand at Willow Creek, Aldergrove’s only new condominium development is offering the best price per square foot in the Lower Mainland. If you are looking for a new home in Langley’s next biggest community, take a look at the future of Aldergrove. www.willowcreekaldergrove.com
Market Intelligence, Peerage Partners, Real Estate News
The Fifth Dimension Report – Fall 2023 EditionRead more
Home Buying, Market Intelligence, Real Estate News