Why only $20,000 maximum price drop in Surrey condo?

 August 29, 2020

Introduction

I like to spend time to look into real estate market, and then see how the market do considering coronavirus and a lot of job losses. 

$20,000 maximum price drop

I do think that condo is too expensive to purchase. I came to Canada in April, 2010. At that time, one bedroom condo brand new is around $150,000 dollars in the city of Surrey near skytrain station. At that time, 1 Canadian dollars is worthy of 1 US dollars. Now it is 25% less. 

The price of 1 bedroom condo price went up from 2010 $150,000 to over $300,000 dollars. Now it is around $300,000 dollars.