Hundreds line up for flash condo sale in BC as units are discounted 25 per cent

For residents of B.C.’s Lower Mainland, lining up for condo pre-sales isn’t new. But the chance to save money brings them out in droves.

Hundreds lined up outside the Belvedere Presentation Centre in Surrey on Saturday morning, drawn by the developer’s “Condo Day” flash sale to find buyers for the few dozen unsold units remaining in the project.

“They’re selling 25 per cent lower [than full price],” Realtor Harman Sandu said. “It’s a really good deal”

Square Nine Developments, the company behind the project, sold 700 suites over the past two years while the building was under construction. The owners told Global News they hope Saturday’s flash sale will quickly move the remaining 75.

As Global's Julia Foy reports, it's another sign of the challenges being faced in B.C.'s condo market, as the province pushes for more homes to be built.

For more info, please go to globalnews.ca/news/11207613/surrey-condo-flash-sal…

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