What’s Going On With Surrey’s Condo Market

There’s been a lot of talk about Surrey’s condo market over the past few weeks — so let’s address that in this week’s blog.

The short version?
We’re seeing more condos hitting the market, but sales aren’t keeping pace. Listings are sitting longer, and prices are either holding steady or softening slightly.

And it’s not just Surrey feeling it. City News Vancouver recently reported:

“Metro Vancouver condo market sees slowdown.”

And CBC echoed the trend:

“The condo market is slowing down. Where are all the buyers? Sales slump and prices slip in Toronto, Vancouver.”

This shift is happening across the region — and it’s creating a window of opportunity right here in Surrey.

What This Means for Buyers:

If you’ve been thinking about getting into the market — whether it’s your first home or an investment — this is one of the better markets we’ve seen in years for buyers.

✅ More selection: Browse, compare, and take your time without feeling rushed.
✅ Better negotiating power: With motivated sellers and fewer multiple offers, buyers are calling the shots.
✅ Long-term upside: Major infrastructure projects like the Surrey-Langley SkyTrain extension will continue to fuel growth in the years ahead.

My Take:

This isn’t the overheated, bidding-war market we saw in 2021-2022. It’s a balanced, opportunity-rich market for buyers who’ve been waiting on the sidelines.

If you’re curious about what’s available or want to explore some of the better deals out there, let’s connect — you might be surprised at what’s possible right now.

Talk soon,

Jon Pereira
RE/MAX Performance Realty
📱 778-345-8897
📧 jon@jonpereirarealty.com