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June 2023

Blind Bidding, Canadian Real Estate Offers Exposed

Posted on Jun 30, 2023

The BCFSA recently conducted a deep dive into 3,266 residential real estate sales conducted between the period of February 19, 2023 and March 18, 2023. This sample size represented approximately 62% of the estimated 5,286 residential sales conducted during that time period. The BCFSA shared their findings regarding how many transactions were in a m...

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BC Residential Contract of Purchase and Sale (Updated for 2023)

Posted on Jun 26, 2023

When most residents of BC buy a property, they don't actually understand the process OR the paperwork they are signing to purchase the largest asset of their lifetime.

In today's video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty explains the BC residential contract of purchase and sale, provided by the BCREA and updated for 2023. So now yo...

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Surprising Pause in Canada's 2023 Housing Rally 

Posted on Jun 23, 2023

The Canadian housing market rallied in the first half of 2023 after the downturn of last year. However, all markets shift and it appears that this year's market is about to take a surprising pause for Summer.

In this video, Surrey Real Estate Specialist, Steve Karrasch explains the trends in the Fraser Valley real estate market heading into Summer...

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BC Strata Fees Are Going Up...Again!

Posted on Jun 19, 2023

The BC NDP introduced new legislation requiring that all BC strata corporations must now put aside 10% of their operating budget annually (an increase from the current mandatory 5%) to ensure that there is an adequate contingency reserve fund to protect strata owners and prevent steep special levies and higher insurance costs. So what does this mea...

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Know THIS Before Moving To Surrey BC

Posted on Jun 12, 2023

We know that a lot of you watch the channel from outside of the area in an effort to educate yourself on the Fraser Valley with a goal or intention of moving out this way. Keeping that in mind, we like to, from time to time provide area specific content that may not necessarily be directly related to real estate but is valuable information if consi...

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The State of the Fraser Valley Real Estate Market | June 2023

Posted on Jun 09, 2023

What is the Fraser Valley Real Estate Market looking like in June 2023?

Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty’s trusty sidekick makes a guest appearance this month to conduct the monthly walk through of the most recent FVREB market stats to review months of inventory in some key neighbourhoods in an effort to gain a clear...

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