Hundreds Line Up for Flash Condo Sale in BC as Units are Discounted 25%
In what has become a familiar scene for residents of B.C.’s Lower Mainland, hundreds of eager homebuyers converged on the Belvedere Presentation Centre in Surrey this past Saturday. Drawn by the allure of substantial savings, these prospective buyers stood in long lines for the highly anticipated “Condo Day” flash sale, offering units at an enticing 25% discount.
Realtor Harman Sandu emphasized the value of the offers, stating, “They’re selling 25 per cent lower [than full price]. It’s a really good deal.” Such discounts are particularly appealing in a province where rising housing costs have made homeownership increasingly challenging for many. The flash sale aimed to sell the remaining units of a project that has already seen significant success, with Square Nine Developments selling 700 suites over the past two years while construction progressed.
Developers have expressed optimism that the event will help clear out the last 75 unsold units. The large turnout speaks volumes about the ongoing struggles in B.C.’s condo market, which remains under pressure amid governmental efforts to increase housing availability across the province. Many buyers are hoping this flash sale could present a rare opportunity to enter the property market at a more accessible price point.
As the city continues to grapple with the complexities of housing demand, this flash sale serves as both a pragmatic response to market challenges and a testament to the resilience of prospective homeowners seeking affordable options in an ever-changing landscape.
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Video “Hundreds line up for flash condo sale in BC as units are discounted 25 per cent” was uploaded on 06/03/2025 to Youtube Channel Global News
None are Canadians. How nice
Shameless people
Presentation those don’t look like real Canadians in a lineup. Housing should be for Canadians citizens
Condo market is crashing
You have veterans living on the street that should be entitled to those condos first
So you got to win a freaking lottery to get a home. This is insane. If this is the process this is insane. Canadians have got to do better. This government is such an embarrassment in how they do things so Mickey mouse. F***😢
25% off so all these Muppets here buying can charge you double that moving forward. How is this affordable housing for everyday people? Looks like it's only benefiting one party.😢
"Flash Sale"- there must be some negative fine print…. how can anyone properly investigate the property on the spot like that? Without a lawyer or real estate agent? Maybe there is a pile of deficiencies. I hope they are given time to back out..
Only investors buying. That’s sad
Will be all immigrants buying. Canadians can't afford them because they are lining up at the foodbanks
I don't think any of those investors should get the discounted rate. It's people like them that push families trying to buy their first home out. Disgusting.
after this sale, the small company will close and it would be hard to get 2/5/10 warranty to get things fixed. I think all that bought are investors to rent not own
She has several in this area…..put her at the end of the line…good grief…..greed rains supreme…
Look carefully and you'll see a little frothing at the lips.
CRA and banks should be interacting together as most investors don't show income but they have money to invest.
Surrey condos are not great investments
Nah! you will be stuck with a bad neighbor
These people are the reason the housing market sucks to begin with
The investors are the ones ruining the real estate market and raising prices. It is ridiculous the government can’t do anything to stop this craziness. Today’s youngsters will never be able to afford homes and due to that they are not having kids too, rather keep a dog.
These NDP activists are quick to claim that these discounted condos are for the regular joes and janes. Majority of those buyers are flippers or investors. Give your head a shake.
Notice it’s all immigrants
These condos should not be sold unless the buyer is going to live in it.
Another post not about trump? Are you guys feeling alright ?
minimum wage is rising.
housing prices won't drop but jobs are disappearing.
these investors are not investing in canada. they are investing and exploiting the local population.
Yes, watching this news story, it speaks volumes of describing the state of Canada these days. Even better many of the comments provided by individuals.
Of course most of the greater Vancouver area helped in voting back in the Liberals. So…??
I will invest in the stock market
Still a rip of😂
When there are housing shortages first time home owners should be given a priority