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2020 Real Estate Predictions - The Surrey Report - January 2020


In the January 2020 edition of the Surrey Report, Steve Karrasch dusts off his crystal ball to predict what will happen in the wild world of real estate during the next 12 months. These predictions include:

What will happen to the stress test? Interest rates? Inventory?
Will prices go up or down?
and
What will the most desirable type of home be in 2020?

Please remember that these are only educated guesses and our opinions. Your individual real estate needs may differ, so if you would like specialized advice for your situation please don't hesitate to reach out to us by phone, email or DM.

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Benchmark Prices: (Surrey Combined)

Detached = $1,045,400 / 245 Sales
Townhomes = $559,200 / 170 Sales
Condos = $424,800 / 170 Sales

For the complete stats package, please visit http://www.fvreb.bc.ca/stats/