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November 2022

Layoffs hit the Canadian Real Estate Industry

Posted on Nov 28, 2022


The Canadian economy is not as strong as it was. With recent lay-offs in the tech space, it was only a matter of time before job losses started to hit the Canadian Real Estate industry.

The first round of lay-offs appears to be within the head office of new real estate industry disrupter "Properly". A real estate company with a unique value proposi...

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Important Message to ALL BC Strata Owners

Posted on Nov 25, 2022


Big changes are coming to the BC housing market, and they are coming NOW. Under the Province's recently announced Housing Supply Act, all rental restricted strata owned properties must now allow rentals in an effort to increase the housing supply in BC.

In this video, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty builds upon his...

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David Eby Announces BC UNAffordable Housing Plan

Posted on Nov 22, 2022


***BREAKING NEWS***

David Eby and the BC NDP have officially announced that ALL rental restrictions in the province of British Columbia have been eliminated through his Affordable Housing Plan.

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty discusses BC’s new Housing Supply Act and how he thinks this will affect the current BC hou...

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How do real estate commission work?

Posted on Nov 21, 2022


Real estate agents make too much money! I'm sure you have heard someone say this or have even said it yourself. Well, while this may very well be true for some agents, what does the commission charged to list your home exactly represent and how are these determined?

In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty br...

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The Secret to Timing the Surrey Condo Market

Posted on Nov 18, 2022


Timing the market is always a high risk strategy and not one that we recommend or advocate for. Having said that, we know that there are signals you can watch for that have historically signalled a shift in the market.

In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses which asset classes tend to lead the mar...

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The Surrey Real Estate Market By Property Type

Posted on Nov 14, 2022


In this month's Surrey Report, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty compares the current benchmark price for each asset class (detached, townhomes and condos) across the various regions and neighbourhoods of Surrey BC. As with every Surrey Report, the team also breaks down the October 2022 benchmark stats for the City of...

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