Building Through Market Cycles with Justin Bontkes

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Getting fired during the 2008 market slowdown taught Caliber Projects CEO Justin Bontkes how to spot opportunity in tough times – and he sees them everywhere today.

Justin sits down with Adam & Matt this week to reveal why more challenging real estate markets create compelling opportunities & provides a blueprint for exactly how he & his team are taking advantage of this moment. From maximizing efficiencies to a renewed focus on team culture, this conversation cuts to the heart of a smart growth strategy in today’s marketplace.

Is fortune finally starting to favor the bold? How can today’s actions lead to explosive growth tomorrow? And in a market that rewards careful planning, what separates the winners from the pretenders? Don’t miss this one!

Check out Caliber’s most recent project, Fenway Langley.

Metro Vancouver Real Estate: Langley Development and Market Insights 2025

What’s happening with real estate development in Langley?

The primary development corridor in Langley runs south of Highway 1 between 200th Street and 208th Street, extending down to Langley City. Over the past two decades, the Willoughby/Yorkson area has transformed from a commuter-focused suburb into a vibrant community hub. The area is experiencing significant growth, with multiple six-story wood-frame developments under construction and new amenities being added, including a civic center, pool, and extensive walking trails.

What types of real estate investments are working in Langley?

Townhomes have emerged as the dominant “missing middle” housing option in Langley, particularly appealing to dual-income families. While single-family homes with yards remain aspirational for many buyers, affordability has shifted the market toward townhomes and condos. Investment-focused one and two-bedroom condos show strong rental demand, especially in the Willoughby Town Center area around 208th and 80th Street. The current market correction has created opportunities for both developers and buyers, with land prices having decreased significantly.

How is the SkyTrain affecting Langley real estate development?

The incoming SkyTrain terminus in Langley City is reshaping development patterns, though there are challenges to overcome. The area faces soil condition issues, with underlying blue clay making deep parkade construction difficult. Height restrictions due to the nearby airport also limit high-rise potential. However, the city’s planning department is known for efficient approval processes, typically moving faster than other municipalities. The addition of Bus Rapid Transit connecting Langley City with Maple Ridge is expected to further drive growth.

What’s happening in the Willoughby Town Center area?

Willoughby Town Center has emerged as a key growth node, featuring new mixed-use developments that combine residential and commercial space. The area is attracting significant investment in community amenities, including a new civic center, pool, and schools. Recent developments in the area typically feature six-story wood-frame construction with ground-floor commercial space, often occupied by service-oriented businesses like medical offices, physiotherapists, and retail.

What are current construction trends in Metro Vancouver?

The market correction has led to increased focus on construction efficiency and cost management. New developments are emphasizing practical amenities over luxury features, with careful attention to unit sizing and building efficiency. Construction timelines are becoming more critical, as carrying costs and interest rates impact project viability. The industry is seeing a shift toward more collaborative approaches between developers and contractors, with increased emphasis on pre-construction planning to optimize costs.

What’s the outlook for Fraser Valley real estate?

Development is expected to continue along major transit corridors, particularly the 200th Street area, guided by municipal planning initiatives including the 2040 plan. While high-density tower development may be several years away from economic viability, mid-rise wood-frame construction remains the focus. The addition of major transit infrastructure, including the SkyTrain extension and new Bus Rapid Transit routes, is anticipated to drive continued growth in the region.

How are townhomes performing in the Langley market?

Townhomes have become increasingly popular as an affordable alternative to single-family homes, particularly in newer developments around Willoughby. These properties offer a balance of space and affordability that appeals to families and first-time buyers. Many new townhome developments include amenities like walking trails, community spaces, and proximity to schools and shopping, making them attractive to end-users rather than just investors.

What changes are happening in Langley City?

Langley City is undergoing significant transformation with the incoming SkyTrain terminus. Older buildings, many 50+ years old, are being acquired by developers for future redevelopment. The city’s efficient approval processes and development-friendly approach are attracting investment, though construction faces challenges due to soil conditions and height restrictions. The focus remains on six-story wood-frame developments rather than high-rises in the immediate future.