Interest rates are at a 22 year high and with the Canadian 5 year bond yield surging higher in recent weeks, putting further pressure on fixed rate mortgages, Canadian mortgage borrowers should brace for significant interest rate increases and mortgage payments upon renewal. So what can you do to prevent yourself from losing your home in the looming Canadian housing crash?
In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty provides some actionable ways you can help ease the pain of renewing into a significantly higher mortgage interest rate in the coming years. As with every Surrey Report, the team also breaks down the September 2023 benchmark stats for the City of Surrey.
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Benchmark Prices: (Surrey Combined) (+/- yoy):
Detached = $1,671,900 (+4.0%)
Townhomes = $883,500 (+6.2%)
Condos = $539,500 (+3.8%)
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book time with Steve
In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty provides some actionable ways you can help ease the pain of renewing into a significantly higher mortgage interest rate in the coming years. As with every Surrey Report, the team also breaks down the September 2023 benchmark stats for the City of Surrey.
- - -
Benchmark Prices: (Surrey Combined) (+/- yoy):
Detached = $1,671,900 (+4.0%)
Townhomes = $883,500 (+6.2%)
Condos = $539,500 (+3.8%)
- - -
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca
DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9
*** Start Your Mortgage Application Today***
CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home
*** Need Home and Property Insurance? ***
Use the company I use! SQUARE ONE:
Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/karrasch?offer_code=KARRASCH
Are you a REALTOR®? Want to learn how to level up your business?
Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate
email: steve@krproperties.ca
DOWNLOAD Our *FREE* Home Buyer's Guide: https://tinyurl.com/cn6u4sd9
*** Start Your Mortgage Application Today***
CITY WIDE Mortgage Services: https://mtgapp.scarlettnetwork.com/KR_Properties/home
*** Need Home and Property Insurance? ***
Use the company I use! SQUARE ONE:
Tenants, Landlords and Home Owners Save $20 with Square One Insurance using this link: https://www.squareone.ca/karrasch?offer_code=KARRASCH
Are you a REALTOR®? Want to learn how to level up your business?
Learn how to improve your message with the #1 Real Estate Video Course or my YouTube Course for Real Estate
*** https://videocourselogin.com/ ***
DISCOUNT CODE: Steve10
Subscribe To The Tom Storey Show Podcast with Steve and Tom:
YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474
Need VIDEO GEAR? Shop Steve's Amazon Store: https://amzn.to/45cIBbU
DISCOUNT CODE: Steve10
Subscribe To The Tom Storey Show Podcast with Steve and Tom:
YouTube: https://www.youtube.com/channel/UCse8VG5r3C9O9S7W6-p5sNg
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/ca/podcast/the-tom-storey-show-with-steve-tom/id1627632474
Need VIDEO GEAR? Shop Steve's Amazon Store: https://amzn.to/45cIBbU