Why Surrey Is A Hotbed For Presale Condos?
Beautiful Surrey is growing bountiful each and every year.
This particular part of Southwestern B.C., has been increasing in its population by more than 2% per year for over a decade, according to Statistics Canada.
It is estimated that Surrey is set to become the largest cities in Canada within the next 10 years. What does this mean for condo real estate?
It means that the property values for Surrey will rise with the real estate demand over time.
When you are considering buying a Presale Condo, knowing the right questions and concerns to ask when putting in an offer is essential.
Buying Into Your Children's Future
This past November, parents chose to invest in Surrey condos for their children. They were responsible for nearly a $200 million buying spree of the 35-storey Flamingo condo tower in the Whalley area of central Surrey.
For the year of 2021 Surrey had pre-sold six condo projects, with a total of 1,400 homes. “Each of the six developments [Belvedere, by Square Nine Developments; Q5, by Tien Sher; the Oak & Onyx, Viktor and Melrose projects, all by ML Emperio Properties Ltd; and Flamingo] sold out at record speed and prices in time frames ranging from eight hours to five days,” Cassidy Le Troy, brand manager at Key Marketing told Western Investor.
Approximately 375 condos sold out during a weekend. Flamingo is set to be completed in 2025.
Live, Work, Play
Surrey is a great place to enjoy a full life. Whether you are here to live, work or play, Surrey has everything to offer and more! Outside if it’s growing population, Surrey has great job opportunities for it’s residents.
Because the job market is expanding, thus increases the need for housing, making condos in high demand.
Living in city of Surrey, allows its condo residents to enjoy beautiful forests, our clean beaches, great golf courses, and adventurous tourism opportunities.
With Surrey’s moderate, inter-coastal Pacific-Northwest climate it’s no wonder why it’s appealing and comfortable to it’s vacationers and residents.
City of Surrey has become one of the top places for students to come for college life. Serving both local and international students year-round, with its beautiful British Columbia universities, institutes, and colleges.
Conclusion:
By enlisting the services of a seasoned real estate agent, you can rest assure that you won’t offer more than the house is worth or more than you can realistically afford to purchase. Contact Ravi today, who will approach the deal with a cool head and ensure that all decisions made are in your best interest.
If you need a presale condo, this option is perfect for buyers who want a new home to move into in the future, and who want to lock in a price and not worry about competing for units when a building is complete. Contact Ravi Bhindi at 604-825-8881 or visit Ipresale directory
