B.C. Premier PANICS as $85,000 Condo Fees WRECK Surrey Construction!

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In this investigation, we expose how Surrey BC became ground zero for Canada's construction crisis. New building permits dropped 75% in 2025, from 6,200 units to just 3,500. StreetSide Developments paused a massive 1,000-unit project, and developers across Metro Vancouver are walking away from shovel-ready developments.

The numbers are devastating: For every $600,000 condo in Surrey, buyers face $60,000-$85,000 in development fees alone. That's 14% of the purchase price going to government charges before you even own the property. Combined with Surrey's rental market crashing 12% year-over-year and investor participation collapsing from 50% to just 7%, the math no longer works for anyone.

This video reveals:
✓ How development cost charges are crushing Surrey's construction industry
✓ Why StreetSide paused 1,000 units and what it means for BC housing
✓ The investor exodus driving Surrey's rental market collapse
✓ Real stories of families trapped in underwater condos losing $70,000+ in equity ✓ Why only 1 in 12 Surrey condos are selling in 2025
✓ How this crisis connects to Richmond's $100M development freeze

SOURCES: CBC News (October 2025) - Surrey developer interviews and building permit data Statistics Canada - BC population decline Q2 2025 Canada Mortgage and Housing Corporation - Metro Vancouver unsold inventory reports City of Surrey - Development Cost Charges Bylaw updates March 2025 Rentals.ca & liv.rent - Surrey rental rate data showing 12% year-over-year decline Urban Development Institute - Construction cost analysis Fraser Valley Real Estate Board - Surrey market statistics

#realestate #britishcolumbia #surrey #canada

Disclaimer:
We’re real estate enthusiasts—not licensed agents, appraisers, or financial advisors. All content is based on publicly available data, market observations, and personal opinions, and is shared for entertainment and general information only. Accuracy isn’t guaranteed. Always consult a qualified real estate professional, attorney, or financial advisor before making any property, investment, or relocation decisions.This video provides fact-based analysis without political bias—just economics, data, and real-world impact on families, developers, and the construction industry.