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The Real Estate Market is About to Drop FAST!


With many industry experts and analysts starting to see a shift taking place in the Lower Mainland real estate market suggesting that it is close to the peak, peaking or has already peaked, what does that mean for where the market is headed?

In this month's Surrey Report, Surrey real estate expert Steve Karrasch of Macdonald Realty, explains why he believes the Surrey Real Estate market is about to drop just as fast as it rose with a look back at previous market run ups and corrections that occurred in the 1980s, in 2008 following the financial crisis and in 2018 with the implementation of the Canadian federal mortgage stress test and the BC speculation tax.

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Benchmark Prices: (Surrey Combined)
Detached = $1,773,100 (+40.6%)
Townhomes = $889,700 (+42.5%)
Condos = $555,900 (+33.5%)

For the complete stats package, please visit http://www.fvreb.bc.ca/stats/

If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales in the Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.

Book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca

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