Quote:
Originally Posted by Harvey Specter
I was talking to a realtor friend of mine today, and he was telling me the market is really slow, with nothing really selling. He deals with South Surrey/White Rock and told me a lot of builders are trying to unload houses they were holding for future builds. Higher rates, permit delays, and high building costs are making it too risky to start a new build. A bunch of houses are getting shopped around without even getting listed, and still no offers—not even lowball offers.
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The province and COV’s wonderful new multi plex plan is turning into an abysmal failure and the stress on the market currently is only going to make it worse.
Spoke with a builder a few weeks ago and now CoV is apparently charging development fees and Utility hookup fees PER unit built. He said a regular single family home used to be around 35k all in for the infrastructure hookups (outside of hydro)
Now a 4 plex is costing around 75k for utility fees which are, of course, passed onto the buyer