Canada’s Housing Supply Gap Holds

Surrey was identified as a place where large concentrations of completed, unsold condominium inventory had emerged during the current market period locally.
That Surrey inventory buildup appeared alongside wider condominium market constraints, including weak presales, high construction costs, and growing stocks of completed, unsold units.
The Surrey reference was specific: completed and unsold condominium inventory had accumulated enough there to be highlighted as a notable market condition.
For Surrey, the clearest ownership-market signal in this update was inventory concentration, not a detailed local count of starts, completions, or prices.
Surrey’s local takeaway remained focused on condominium availability, with completed unsold units standing out as the main explicitly identified condition in current data.