The Vancouver and Fraser Valley Real Estate Markets are on fire in the detached and townhome sectors. This leaves condos ripe for the picking for future growth moving through 2021. These are the top three reasons you should consider buying a condo now!
1. Condos are always the last of three markets to rise in price and the other two categories have already taken off. Condos will follow soon.
2. Prices in BC condos are suppressed do to Covid-19 and Strata Insurance issues. These problems will inevitably resolve them selves over time and buyers will flood to the condo market.
3. Take advantage of record low interest rates. If you are a first time buyer, money has never been more affordable to borrow. AND if you are an investor, condos are finally starting to make sense with a down payment as low as 20%.
If you have specific questions about the Surrey and Fraser Valley markets, please reach out to us.
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email: steve@krproperties.ca
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If you are looking for a better experience when selling or purchasing a home, contact us. We love providing an open and transparent line of communication in residential Real Estate transactions. Our team has deep roots in Surrey but also specialize in transactions across North Delta, Cloverdale and Langley.