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Surrey Real Estate Takes a Turn as Prices Continue to Fall


With recent CPI inflation numbers coming in below the 2% target, a BC provincial election this weekend and another BOC Rate announcement scheduled for next week, what could all of this mean for the local Surrey and Fraser Valley real estate market this fall?

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the September 2024 stats for the City of Surrey and offers his understanding into what he is currently seeing in the market. As with every Surrey Report, the team also breaks down the August 2023 benchmark stats for the City of Surrey.

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

Detached = $1,628,600 (-2.1%)
Townhomes = $8861,200 (-2.3%)
Condos = $539,300 (-0.2%)

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