The Surrey Report - May 2019 - USA vs Canada



Have you ever wondered how different real estate markets work compared to here in BC?

Probably not... But, if you would like to look like the smartest person in the room at your next gathering or dinner party, watch this video that highlights some of the differences in the real estate markets in the US compared to Canada.

Steve is joined this month by longtime friend Jon Bye (of Jon Bye & Associates, John L. Scott Real Estate, Kent) a REALTOR® in Seattle, Wa. Together, they discuss those little things that are done differently in their respective markets and how they affect homeowners, pricing and payments.

As for here at home, it appears that we have reached our first "normal spring market" since 2014. The market from North Delta through Langley is hustling along and Eric and Chris are back in this month's Surrey Report to update you on the three property classes and their pricing in the City of Surrey.

Benchmark Prices: (Surrey Combined)

Detached = $1,062,600 / 233 Sales
Townhomes = $567,800 / 221 Sales
Condos = $438,200 / 176 Sales

For the complete stats package, please visit http://www.fvreb.bc.ca/stats/