With the predicted hiking interest rate by the Bank of Canada, the real estate market is likely going to be balanced again in 2027. Despite the changes in market, there will always be activities. In areas where the population is primarily made of growing families, the demand for bigger space, that is, bigger apartments and houses, will be high, whereas in areas where young professionals are aggregated, such as downtown Vancouver, the demand for smaller apartments is high. Surrey seems to be expanding fast and attracting both growing families and young professionals. It is also attracting students as well with campuses of different schools. It is a market worth investing in.
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