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July 2022

Losing My Home to the Bank of Canada's MASSIVE Interest Rate Hike

Posted on Jul 25, 2022

With the Bank of Canada continuing their upward trajectory of interest rate hikes, with many economists and analysts projecting two more rate increases this year, some homeowners that bought in the last few years are becoming increasingly worried about what this all means for the mortgage they committed to.

In this video, Surrey Real Estate special...

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BC Quietly EXPANDS Real Estate Speculation Tax (Not Whistler)

Posted on Jul 22, 2022

Along with the Cooling Off Period, BC also announced that the Government will be expanding its Speculation Tax to areas including Ladysmith, Squamish and others.

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty reviews the announcement as covered by CTV News, as well as the obvious omission of Whistler and other resort communities...

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BC Puts In Place Three Day Cooling Off Period In Real Estate

Posted on Jul 21, 2022

The Province or British Columbia has just announced the start date for the new “Cooling Off Period” in Real Estate.

In this video, local Surrey REALTOR® Steve Karrasch of Macdonald Realty looks at the press release by the government that includes a new fee to walk away from a contract in the province.

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If you are looking for help or have any q...

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The RAPIDLY Declining Surrey and Fraser Valley Real Estate Market

Posted on Jul 18, 2022

In this month's Surrey Report, Surrey REALTOR® Steve Karrasch of Macdonald Realty does his monthly review of the Fraser Valley Real Estate Board’s statistics to review months of inventory in each main city within the Fraser Valley highlighting where each asset class lands with regards to sellers, balanced or buyers market. As with every Surrey Repo...

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Buying Real Estate, Prices Falling, Inflation, Recession and FEAR!

Posted on Jul 11, 2022

With the Fraser Valley real estate market in a slowdown, you may be employing the “wait and see” plan to wait and see where the rising interest rate path will leave the Canadian housing market, inflation rates and the economy. However, while you wait and see, you should also be formulating a plan so that when you are ready to transact you can jump...

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Fraser Valley Real Estate Will Be Worth Less In The Future!

Posted on Jul 04, 2022

YES! It's true, if you buy a house in Canada today, it will for sure be worth less in the future. And if you have been watching my recent videos you already know that real estate sale prices in the Fraser Valley are sliding from the all time highs seen in the first few months of 2022. So what does this mean, how far can we fall and will the house y...

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