Nobody’s Talking About What’s Coming for Surrey Real Estate in 2025

Everyone’s talking about when Surrey’s real estate market will either boom or bust. But here’s the hard truth: it won’t do either. Instead, we’re walking into something worse: a flat, frozen, frustrating market.
No headlines. No fireworks. Just months of silence.

And if you’re buying or selling this year, ignoring that reality could cost you time, money, and more than a little sanity.

On the Ground? It’s Already Happening

Builders are backing out.

Condos are sitting.

Buyers are nervous.

Sellers are stubborn.

What we’ve got isn’t a healthy market. It’s a market in full paralysis—and most people haven’t noticed yet.

If you’re waiting for prices to fall or a spring bounce back… you’re going to be waiting a long time.

1) Condos Are Quietly Collapsing

Let’s call it what it is: The condo market is stuck.

• Only 1 out of every 12 resale condos in Surrey is selling.
• Pre-sales are stalling or being canceled altogether.
• Buyers feel zero urgency.
• Strata fees, insurance premiums, and random assessments are chasing people out of the market.

Condos used to be the gateway into real estate. Now? They feel like a trap.

2) Developers Can’t Make It Work

On paper, governments are aligned and ready to build. But on the ground? Nothing’s moving.

Between rising construction costs, tight labor markets, and suffocating financing terms, developers are walking away from shovel-ready projects. Even approved units are sitting empty because buyers are too cautious to commit.

Here’s the kicker: Surrey’s new construction starts are down 75.2%. Let that sink in.

3) 2025 Sets Up a Future Supply Crunch

This year feels slow… But 2027 might be a disaster.

Most of the projects that are completing now were planned years ago. And almost nothing new is being started. That means:

• Less inventory down the road
• Fewer choices for buyers
• More competition and higher prices later

It’s the kind of slow burn that catches most people off guard—until it’s too late.

What’s Driving All This? Indecision.

We’re not in a crash. We’re in “death by indecision.”

• Buyers are terrified of overpaying.
• Sellers are just “testing the market.”
• Days on market are rising, but prices are stuck.

Everyone’s waiting. And nobody’s moving.

But here’s the thing… some products will still thrive.

Why Townhomes Might Be the Hidden Gem

Amid the market fog, townhomes might be the light.

They’re affordable (relatively speaking). They’re family-friendly. And they hit that sweet spot—the “missing middle” that buyers are desperate for.

If you’re thinking of buying in 2025, this may be your moment—while everyone else is frozen in place.

What the Government Still Doesn’t Get

Zoning for fourplexes. Banning short-term rentals. Piling on regulations…

All well-intentioned. But they’re solving the wrong problems.

If no one is building and no one is buying, who cares about zoning? We don’t need more rules. We need more action.

Final Thought: This Isn’t Doom—It’s a Wake-Up Call

If you’re looking to move to Surrey, buy your first home, or just stop waiting for the market to give you a sign… this is the sign.

Watch the market closely. Make smart moves. And don’t sit frozen while opportunities pass you by.

What if I have any questions about moving to Surrey or White Rock, BC?

Selecting an excellent real estate professional is key to a successful home purchase. The Germyn Group, with our deep understanding of South Surrey/White Rock and its real estate dynamics, is committed to guiding you every step of the way.

We invite you to book a consultation with us. During our meeting, we’ll discuss your needs, preferences, and any questions you might have about the real estate market.

As you embark on this exciting journey, remember that the right home is more than just a property; it’s a foundation for your future. With the Germyn Group by your side, let’s make your dream of homeownership a beautiful reality.