Quote:
Originally Posted by JDMDreams
And how much will it be? A million? Not sure how many people are gonna pay that to live in a hobo back alley.
I was just looking at Surrey again, I haven't looked into this for a while, it seems like there's lots of inventory for under $1.3m detached. Over 2000sq, big lot, lots of driveway parking. Some even listing for under assessment. I recall these should be in the $1.5-6 range so I'm wondering if this is taking a big dump cuz all the buddy guys got deported.
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Surrey prices are soft because rates are still high and demand has cooled off, same as everywhere else. It's not because “buddy” got deported. That narrative’s tired. If anything, immigration is still at record levels, and most of the detached supply under $1.3M is in less desirable areas or needs work.
These are two very different markets with different buyers. People pay $3m+ for small west side duplexes, and lane ways even if tucked in an alley. In fact, a standalone laneway can be more appealing than a duplex since you’re not sharing walls.