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Call it a CRASH | Surrey Housing Market


The Surrey and Fraser Valley housing market appears to have officially crashed. With rapidly rising interest rates significantly tightening lending rates the Fraser Valley real estate market has seen a sharp turn back from the peak when it comes to both home prices & sales.

In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty takes a hard look at how the BOC’s monetary policy change from quantitative easing (QE) to quantitative tightening (QT) in the form of rapid and consistent interest rate increases this year has impacted Surrey and Fraser Valley real estate. Steve also shares his thoughts as to what the future may hold for the Surrey & Fraser Valley real estate market.

Check out the Tom Storey Show’s coverage of the CBC Marketplace Investigation into Mortgage Fraud: https://youtu.be/QxaGa6wak3Q

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call or text: 604-549-5828
email: steve@krproperties.ca

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