Condo developers are taking MASSIVE losses (payback time for homebuyers...)
Автор: Living in Surrey and White Rock | The Germyn Group
Загружено: 2025-05-17
Просмотров: 1149
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Condo developers in Surrey are taking massive losses, and if you're even thinking about buying a presale condo, this could be the most important video you watch all year. Condo prices in Surrey have dropped fast, buyers are walking away from contracts, and developers are quietly slashing prices behind the scenes. This isn’t just a blip—it’s a full-on condo market crash in Surrey, and the real estate industry doesn’t want you to know what’s really going on.
Presale condo buyers from 2021 and 2022 are now scrambling to sell their units at a loss, many through assignment sales, just to avoid losing their deposits. Meanwhile, developers are offering six-figure discounts, secret incentives, and off-market deals that only insiders know about. But here’s the kicker—none of this is public. If you don’t ask the right questions, you could massively overpay for the exact same unit someone else got for $100K less.
This video breaks down what’s causing these problems, what it means for you, and how to play this market smart. Whether you’re looking at North Surrey condos, assignment sales, or new construction condo deals, the smart money is watching what’s happening right now. You’ll learn how to avoid getting burned and how to position yourself for the next 3–5 years, when today’s chaos turns into tomorrow’s opportunity.
Condo buyers who wait too long might miss out entirely. Developers are putting projects on hold, and the supply of new construction is drying up. Once demand returns, expect a wave of buyers with nowhere to go. This is your shot to play offense while everyone else is still reacting. If you’re considering buying in Surrey, this is what you need to know to protect your money and make it grow.
#condomarketcrash
#surreyrealestate
#presalecondos
#assignmentdeals
#northsurreyhomes
*CHAPTERS*📚 📒 📚
00:00 – Why are buyers still lining up for condos in Surrey?
00:28 – What’s really going on with Surrey's condo market crash?
01:24 – Why 2021–2022 condo buyers are now taking huge losses
02:30 – What happens when you can’t complete on a presale condo?
03:37 – Are developers in Surrey going bankrupt right now?
04:42 – How to find secret developer incentives and discounts
05:45 – What is hidden inventory and how does it affect condo prices?
06:58 – Can you buy a presale condo assignment at a discount?
08:00 – How to negotiate the best deal on a new condo
09:04 – Why waiting to buy a condo might cost you more later
10:01 – What are the best places to buy in Surrey right now?
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*All views, opinions and content in this channel is that of Darin Germyn and is not meant to provide personalized advice to the viewer. Please contact us directly to discuss your current situation or seek out the appropriate professionals.
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