Surrey city council approved 758 new rental units by converting planned condos into rentals across three projects, reflecting developers' response to weak presale demand and economic uncertainty. This shift may unlock financing and incentives but could reduce future condo ownership options, impacting younger buyers. Surrey's 2025 report highlights a need for over 20,000 rental and 26,000 ownership units by 2028 for affordable housing.
Continue to full article
Leave a Reply