Updates

for the week of December 4 - 10

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Properties
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9
Properties
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9
Submarkets
updated

Sample Report Downloads

The following are examples of the reports that can be accessed as a subscriber to the TRAC database:


South Surrey Townhome Overview

The South Surrey townhome market has been one of the Fraser Valley’s most active development nodes over recent years. Since the start of 2013, a total of 16 new townhouse developments (20 units or more) have launched bringing a total of 869 units to the market which 547 (63%) have been absorbed to date. Along with the number of projects launching, there’s been an influx of development applications being submitted to the City of Surrey with an estimated 748 additional units currently under application.

 Pricing has remained relatively steady over this time frame with the overall townhouse market continuing to average between $270 to $280 per square foot. The market has shown a preference for two distinct design options; a smaller sized affordable unit marketed to the first time home buyer and young professional couples which typically range from 1250 to 1950 sq.ft with the majority of end pricing in the mid $300,000 to $500,000 range, and a larger ‘master on the main’ unit marketed to the empty nester and downsizer which typically ranges from 1900 to 3500 sq.ft. with end pricing pushing upwards of even $800,000 for this product type.

In the News

Acrobat PDF : Vancouver reviews developers fees.pdf Vancouver reviews developers fees (38 kb)
added on: 25-APR-1409:38
Acrobat PDF : Experts bullish on 2014 housing market.PDF Experts bullish on 2014 housing market (3342 kb)
added on: 11-DEC-1311:09