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Surrey Real Estate to Return to 2014 Values


No one wants to call the bottom of the Real Estate industry, but Better Dwelling published a recent article where Oxford Economics is forecasting that the Canadian Real Estate Market may currently only be HALFWAY to the bottom!

In this month’s Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through Better Dwelling’s article and reviews Oxford Economics best case and worst case scenario forecasts that they have projected for the Canadian housing market in 2023 & 2024.

Better Dwelling Article: https://betterdwelling.com/canadian-real-estate-prices-to-fall-lower-worst-case-is-a-return-to-2014-values-oxford-econ/

As with every Surrey Report, the team also breaks down the January 2023 benchmark stats for the City of Surrey.

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Benchmark Prices: (Surrey Combined) (+/- yoy):

Detached = $1,493,100 (-14.5%)
Townhomes = $796,100 (-11.4%)
Condos = $515,300 (-5.0%)

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book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca

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