Would you like a car with that condo? Surrey developer offers cash or car with home

Buying real estate in Metro Vancouver is becoming more difficult as costs soar, but one Surrey condo developer is offering a tempting incentive.

Evolve Condominiums is offering either a storage locker full of $10,000 cash or a new Nissan Micra for 20 homebuyers.

Kiran Rai, marketing directorat Macdonald Realty Platinum Project Marketing, said about 35 per cent of the allotted homes in the offer have been sold and most people have chosen the money over the car, also valued at about $10,000.

“Some people have taken the car, other people just want the cash right away,” Rai said.

The development, one of six condo towers planned by WestStone group in West Village, drew crowds of prospective homebuyers in April when they offered about 80 microsuites starting at $93,900.

The developer sold 300 homes on their opening day with suites in the 35-storey tower ranging from 316 to 1,294 square feet.

“A lot of first-time shoppers, they are looking for the best deal and we do encourage them to shop around, but they’ll always come back,” Rai said.

Over the next seven years, 2,800 homes will be built in West Village and homeowners are expected to start moving in by 2018.

“Especially in this market, buyers should do their research and see what’s out there. There are a lot of projects in Surrey at the moment,” Rai said. “I think this is a great deal, especially for first-time buyers.”