The Township of Langley is home to the most expensive properties in the Fraser Valley, according to the latest data from BC Assessment.

All but nine of the 100 top valued residential properties in the Fraser Valley are located in the Township. The most expensive property is acreage in the 19600 block of 0 Avenue, assessed at $8.7 million. The third highest-valued is a 10-acre property at 196 St. and 78 Avenue, assessed at $5.699 million and bought for $5.4 million in 2012.

Last year, that same property was assessed at only $643,570.

The reason for the “very significant increase” in value ($5.4 million increase in one year) is because prior to this year, the rural property on the Langley-Surrey border had farm classification. That was removed this year, said BC Assessment assessor Raj Sandhu.

去年政府估价只有$643,570,今年政府估价$5,400,000。原因呢?全年定位为农场,今年不算呢

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