Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Market Research

Market Spotlight: Surrey Single Family Residential

Resales volume for single family houses in  Surrey (excluding South Surrey/White Rock) have slowed considerably since June 2012. There were 181 resales in October 2012, well below the average for this market which is closer to 300 resales per month.

Pricing in Surrey appears to be flat, with the October 2012 benchmark price index roughly unchanged from October 2011. Of the currently available 1,688 single family detached houses in Surrey, the average asking price is $706,000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: FVREB stats.

November 17, 2012by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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