As economy tighten investments in Surrey go down
As the world economy comes spiraling down many of us sit at home unaffected. Yet very close to home the surrey sky towers are hit hard. Surrey was recently named the best city to invest in from the entire province of BC. But as financial borrowers feel the pinch the city of Surreys’ diamond in the rough sky towers is hit hard as its main financier Lehman bros collapsed last year. Now local home owners are starting to feel the pinch as well. A quick search on www.MLS.com the online real estate agency shows many houses dropping prices ranging from $50,000-$200,000 in surrey and in other parts of the lower mainland.
The SFU surrey area near Whalley has been hit even harder as violence is on the rise even local home owners don’t feel safe anymore. Recent shootings have created tensions between different gangs operating in the city. As the city of surrey scrambles to make Whalley a prime area for prospective home buyers by making things look as pretty as possible. Recent ad campaigns on radio stations calling the surrey city center area “A huge opportunity”.