Are there too many condos in Squamish ?
Posted by Scott McQuade on
A Growing Supply of New Condos in Squamish — What It Means for Buyers and Sellers
You’ve probably noticed the number of new condos popping up across Squamish and in some cases, sitting unsold longer than expected. I wouldn't say it's a crash, but it does mark a turning point. After years of rapid pre-sales and limited supply, the local condo market is finally catching its breath.
How We Got Here
Over the last few years, Squamish saw a surge in development. Strong demand, low interest rates, and a growing reputation as one of B.C.’s most desirable small cities encouraged developers to build. But several factors have since shifted: construction costs soared, financing tightened, and higher mortgage rates have made buyers more cautious.
The…
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