Surrey property values have never looked worse | Living in Surrey BC

Surrey property values have never looked worse, and in this video, we explore what this means for you. Over the past decade, real estate in Surrey soared, creating a seemingly unbeatable market. But in 2022, everything changed. With the Bank of Canada’s rate hikes, home sales didn’t just drop; they crashed. Discover how this shift impacts your investment and what sellers are doing to cope in this challenging environment. Will your property hold its value, or is it time to rethink your strategy? Watch now to find out how these changes could affect you.

#surreybc #livinginsurreybc #surreybcrealestate

PS. If you are considering moving to *White Rock or Surrey BC*, there are 3 ways we can connect to help you out 🔻

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➡️ Take our *moving to Surrey or White Rock survey*: https://take-our-survey.paperform.co/
📅 Set up a complimentary real estate consultation (Zoom Call):
https://calendly.com/daringermyn/conn...
📱*Call, text or email us*: 604-670-7052 or [email protected]
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If this is your first time to this channel, and you want to know everything about Surrey or White Rock BC and the surrounding areas, then subscribe ▶ and tap the bell 🛎 for notifications, so you can be the first to know about the current market in Surrey or White Rock BC 😁

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00:00: Real estate values surge, then plummet in Surrey
01:14: Is it the right time to buy in Surrey?
02:14: CMHC report on housing demand by 2030
03:26: Challenges in housing construction costs and labor
04:25: Decline in detached home values since 2022
05:16: Mortgage delinquencies and foreclosures in BC
06:10: Financial Post article on mortgage renewals
08:26: Current real estate market conditions in Surrey
09:33: Ideal market conditions for buying a home
11:42: Three key takeaways for homebuyers in BC

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Articles mentioned in this video
https://www.biv.com/news/real-estate/....
https://www.cmhc-schl.gc.ca/blog/2023...
https://infotel.ca/newsitem/bc-reside....
https://financialpost.com/news/mortga...

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🙌 🙌 🙌 FREE STUFF FOR HOME BUYERS 🙌 🙌 🙌

🚌 BC HOME BUYER’S COURSE - 🚀 https://tinyurl.com/34amxp7h (*LIMITED TIME ONLY* code 2024FREE - FREE for current clients)
🏆 FREE DOWNLOAD- 7 tax incentives to help home buyers save BIG ➡ https://taxbreaks.90daysout.ca/
📆 BOOK A TIME to speak with our team about buying a home* ➡ https://calendly.com/daringermyn/conn...

🏡 🏡 🏡 FREE STUFF FOR HOME SELLERS 🏡 🏡 🏡

💰 4 Ways to increase the value of your home by 5% in a weekend!
https://sellerssecrets.90daysout.ca/
📆 BOOK A TIME to speak with our team about selling your home ➡ https://calendly.com/daringermyn/conn...

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*All views, opinions and content in this channel is that of Darin Germyn and is not meant to provide personalized advice to the viewer. Please contact us directly to discuss your current situation or seek out the appropriate professionals.