As someone who’s guided clients through the ups and downs of the Greater Vancouver and Fraser Valley real estate market for over 30 years, I’m seeing some notable shifts in Surrey’s condo landscape right now. A 24-storey condo project with 167 units is currently paused at the 6th floor after foreclosure, and another 500-unit site is facing a court-ordered sale due to a combination of weak presales, high construction costs, and a growing inventory of unsold homes in the region. At the same time, rental development activity is increasing. These changes highlight the importance of understanding both the risks and opportunities in today’s market. My approach has always been to educate buyers and sellers, helping you make informed decisions that fit your needs and lifestyle—especially as the market evolves.