The video discusses the significant challenges facing the condo market in Surrey, particularly in the high-density Wally area. Due to new tenancy laws in British Columbia, many buyers—especially first-time and owner-occupant buyers—are avoiding tenant-occupied condos altogether. Investors are exiting the market, while buyers are showing strong preferences for vacant or owner-occupied units, even at higher prices. This mismatch in buyer preferences and available inventory is leading to longer sales timelines and price pressures. The speaker encourages both sellers and savvy buyers to strategize accordingly, suggesting that motivated buyers can still find deals if they’re willing to navigate long closing timelines.