The May stats are in and in White Rock, South Surrey, and many other areas, the benchmark prices have dropped.
In South Surrey & White Rock, we've seen:
- Single Family Homes down: .7%
- Townhouses down: 2.1%
- Condos down .9%
A 5-year fixed-rate mortgage at 4.04% today is considerably higher than at the end of 2021 when the same mortgage interest rate was 2.12%.
Borrowing $800K on a $1M home would cost $821 more per month today.
Thanks for watching.
In South Surrey & White Rock, we've seen:
- Single Family Homes down: .7%
- Townhouses down: 2.1%
- Condos down .9%
A 5-year fixed-rate mortgage at 4.04% today is considerably higher than at the end of 2021 when the same mortgage interest rate was 2.12%.
Borrowing $800K on a $1M home would cost $821 more per month today.
Thanks for watching.
