Latimer Heights
Five Thriving Industries in the Langeley Township
November 4, 2019
Langley Township has become one of Metro Vancouver’s hottest land markets.
From major international corporations to specialty boutiques, the township boasts more than 7,000 businesses and, in 2019, ranked fifth on BC Business magazine’s “Best Cities for Work in B.C.”
The Township of Langley is a thriving, business-friendly community centrally located on the Fraser Valley, 10 km southeast of Langley City. With a surrounding population of 3 million people, the Township provides access to an unparalleled transportation network, world-class amenities, and supplies, as well as some of Metro Vancouver’s most affordable business rates.
Langley Township is also home to Latimer Heights, an enormous master-planned community development featuring a variety of home styles.
Are you considering a move to Metro Vancouver? Here’s the current economic landscape in Langley Township:
1.
Agriculture
Agribusiness continues to play a significant role in the local economy. According to Statistics Canada, the Township of Langley has more farms than any other municipality in British Columbia – 1,292 to be exact. Produce grown in Langley Township represents nearly 80 per cent of Metro Vancouver’s contribution to B.C.’s gross farm receipts.
2.
Film and TV
Langley Township is one of the most film-friendly municipalities in BC’s Lower Mainland. With diverse locations, breathtaking landscapes, and financial incentives, the Township is a hotspot for film production. During the 2017–2018 fiscal year, the film and TV sector contributed $3.4 billion to BC’s economy. Films produced in Langley Township include Air Bud, Daydream Nation, and The Nine Lives of Christmas.
3.
Tourism
With wineries, restaurants, and rolling hills, tourism brings $30 million in annual revenue to Langley Township. The community is home to 20 accommodation properties and nearly 300 food and beverage service establishments.
4.
Air transportation
With up to 100,000 rotary and fixed-wing traffic movements per year, Langley Regional Airport is one of Canada’s busiest airports. More than 50 aviation businesses operate on site offering everything from chartered helicopter flights to aerospace parts manufacturing, and maintenance.
5.
Food and beverage processing
More than half of all B.C. food processing companies are located in and around Langley Township. The region is known for its large agricultural land base and close proximity to affluential markets and distribution networks.
Many businesses move to Langley Township for proximity to skilled employees, lower overhead costs and room to grow. With growth projections expected to double by 2040, the Township was also recently ranked as a “Top British Columbia Investment Community,” according to Western Investor and the Real Estate Investment Network (REIN).
Latimer Heights is a gorgeous 74-acre neighbourhood that will become the new gateway to Langley and is the largest master-planned community in the Township of Langley with nearly 2,000 new homes. These new homes development in Langley will also include greenspace and a commercial/retail hub.
Vesta Properties has more than 30 years of industry experience and has successfully built more than 4,500 homes in award-winning neighbourhoods throughout Alberta and B.C.
To find more about economic development in Langley Township or to view new homes for sale at Latimer Heights, be sure to visit Vesta Properties today.