The "Surrey Report" is a monthly video market update designed to inform our clients and the public about the most recent statistics of the "Surrey Combined" area, as defined by the Fraser Valley Real Estate Board. Each month we cover year to year and month to month pricing changes of three property types including Detached Homes, Townhomes and Condos. Our team also works to update clients on recent market trends, tips and changes to our industry that affect our primary marketing areas of Surrey, North Delta, Cloverdale, Langley, and White Rock.
Pre-Sale vs Resale Condos: Where the Real Pain Is in Today’s Market
When people talk about the condo market, they often treat it as one single thing. In reality, there are two very different markets operating at the same time:
Pre-sale (new construction)
Resale (existing condos)
Most of the headlines you see focus on pre-construction. But for those of...
Canada’s Condo Market Has Flipped — What Sellers Need to Know Right Now
There’s no sugarcoating it—the condo market across Canada has changed dramatically. What was once one of the most competitive and fast-moving segments of real estate has now slowed to a point many haven’t seen in decades. Based on insights from one of the top condo agents in Tor...
Are Realtors Steering Buyers for Higher Commissions? A Growing Concern in the Fraser Valley
This one is more of a rant—but it’s coming from real conversations happening right now.I’ve had multiple people in the industry bring up the same trend over the past few weeks. I haven’t personally experienced it directly, but I trust the sources enough to ta...
Mortgage Risk Is Now Canada’s Biggest Financial Threat — What It Means for Homeowners
If you missed it this week, there was a major update from Canada’s banking regulator. Mortgage risk is now considered the #1 threat to Canada’s financial system. That’s a big shift. Last year, it wasn’t even at the top of the list, and now it’s front and center. Fr...
