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Why You Are Not Priced Out of Canadian Real Estate


Average, Median and Benchmark price can all tell a very different tale of what the real estate market is doing over a given period of time.

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews the February FVREB stats and compares average, median and benchmark prices in an effort to gauge the current temperature of the Fraser Valley Real Estate Market. As with every Surrey Report, the team also breaks down the February 2024 benchmark stats for the City of Surrey.

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

Detached = $1,613,800 (+7.1%)
Townhomes = $864,400 (+6.6%)
Condos = $544,200 (+4.8%)

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