Surrey carries more condo inventory than any other city in the Fraser Valley Real Estate Board's territory, and the board reports it as four separate areas rather than one number. Which of those four an address falls in moves the price more than the name on the building does. The verified benchmarks below come from the board's most recent monthly package, with the reporting month and the date we checked it attached to the figure. For the trend across recent months, see market trends.
Two very different purchases get filed under the same search. A resale condo is a finished home: you walk the unit, read the strata's minutes and depreciation report, and close in weeks. A presale is a contract for a home that does not exist yet. Deposits are staged over months or years, completion dates move, and the price is set long before the market that will eventually value it. Neither is the safer choice in the abstract. They fail differently, and the documents that protect you are different.
On a resale, the strata documents are the purchase. Read the last two years of minutes, the depreciation report, the contingency reserve fund balance, and the bylaws. Bylaws are where rental restrictions, pet limits, and age restrictions live, and any of the three can end a plan quietly. A low monthly fee in a building that has deferred its envelope or elevator work is not a low cost. It is a postponed one.
On a presale, the disclosure statement is the purchase. It carries the deposit schedule, the outside completion date, the developer's right to substitute materials, and the assignment clause that decides whether you may sell the contract before it completes. New construction and resale are also taxed differently, and the rebate rules have thresholds, so get the GST treatment of your specific purchase confirmed by your accountant or the Canada Revenue Agency before you set a budget rather than after. AG. Song goes through the disclosure statement, the strata package, and the assignment clause with you in English, Mandarin, or Cantonese before an offer goes in.

