Surrey’s 2025 Real Estate Market: Flat, Frozen, but Full of Opportunity
The Surrey real estate market in 2025 is not crashing, but it’s certainly not booming either. According to recent updates from The Germyn Group, we’re in what many are calling a “flat, frozen, and frustrating” phase. That may sound bleak at first—but in truth, it’s a market filled with hidden opportunities for smart buyers and strategic sellers.
What’s Really Happening in Surrey’s Market?
Homeowners and potential buyers may notice the silence. There’s not much buzz about bidding wars or skyrocketing prices. That’s because condo sales have stalled—on average, only 1 in 12 listed condos are actually selling right now. This slowdown has led many developers to pause or cancel pre-sale projects, with new condo starts down nearly 75% compared to previous years.
Why This Is Actually Good News (for Some)
While it may seem negative, this cooling period creates real advantages for buyers:
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More listings mean more choices.
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Less competition gives buyers more room to negotiate.
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Townhomes are rising stars in this market—affordable, spacious, and still in high demand.
On the seller side, this isn’t the time to overprice or wait. Sellers need to price accurately and market effectively to stand out in a slower environment. The good news? The market isn’t in free fall—well-prepared listings can still move, especially in segments like townhomes or detached homes in prime areas.
Looking Ahead: 2026 and Beyond
What we’re seeing now is a market correction, not a collapse. With developers pulling back, future housing supply will be limited, which could drive prices up again in the next 12–24 months. For investors and first-time buyers, this lull could be a window of opportunity before the next wave of demand hits.
Key Takeaways:
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Condo market is soft, but townhomes remain strong.
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Developers are backing off, which may lead to a supply crunch later.
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It’s a buyer’s market—but that won’t last forever.
If you’re planning to make a move in Surrey’s real estate market, now is the time to strategize—not panic. Whether you’re buying your first home, downsizing, or investing, the 2025 market rewards those who move smartly and stay informed.