The Bank of Canada will very likely begin to increase interest rates starting Q2 of 2022. But what will happen when interest rates go up? What impact will increases have on the Canadian real estate market and BC housing prices?
In this video, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty, takes a look at the potential impacts eventual interest rate increases will have in terms of qualifying for a mortgage, how an increase of up to 1% over 12 months might impact housing prices in BC and what role Canada’s Mortgage Stress Test could play.
If you would like help buying or selling real estate in Surrey or surrounding Fraser Valley, please reach out! We would love to hear from you!
DOWNLOAD Our *FREE* Home Buyer's Guide
If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca
In this video, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty, takes a look at the potential impacts eventual interest rate increases will have in terms of qualifying for a mortgage, how an increase of up to 1% over 12 months might impact housing prices in BC and what role Canada’s Mortgage Stress Test could play.
If you would like help buying or selling real estate in Surrey or surrounding Fraser Valley, please reach out! We would love to hear from you!
DOWNLOAD Our *FREE* Home Buyer's Guide
If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca