Let's Get Started!

September 2023

Vancouver Real Estate No Longer A "Bubble Risk"

Posted on Sep 27, 2023

How can it be that after Surrey REALTOR® Steve Karrasch is finally starting to feel like the market is heading for trouble, that now, after all this time... Vancouver and Toronto real estate have been declared OUT of "Bubble Risk Territory"????

Could this possibly be true? Are Vancouver property values finally coming in line with their true worth?


Read More

The END of the 2023 Detached Real Estate Market

Posted on Sep 22, 2023

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

Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty does his 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 clearer picture in terms of whether the market in each region i...

Read More

RAINSCREEN | Everything You Need To Know To Avoid Buying A Leaky Condo

Posted on Sep 18, 2023

During the 1980s and much of the 1990s a period of rapid construction took place in the Greater Vancouver area and many condos were built with poor design, installation and problematic building envelope for the very very rainy climate that BC is accustomed to. During the leaky condo crisis of the 90s, these leaky condos were retrofitted with a rain...

Read More

Landlords Are About To Bring The Pain - 2024 BC Rent Increase Announced

Posted on Sep 15, 2023

The Province of BC just released their rental increase limit for January 2024 of 3.5%. This is up from the 2% limit imposed for 2023, however still does not keep pace with the annualized rate of inflation in the province.

In today's video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses BC's 2024 rent increase announceme...

Read More

How Long Will The Bank Of Canada Hold Rates?

Posted on Sep 11, 2023

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty provides his opinion and perspective on the current Canadian real estate market, covering the recent Bank of Canada’s September 6, 2023 decision to hold the overnight rate at 5%, including things to keep in mind and consider if your current mortgage is up for renewa...

Read More

Fear, Opportunity & Understanding the Fall 2023 Canadian Housing Outlook

Posted on Sep 08, 2023

We can all agree that there is a high level of uncertainty when it comes to the Canadian real estate & housing market right now. Economic growth is slowing, job vacancies are decreasing and the Bank of Canada decided to hold rates at their September 2023 rate decision announcement. So what does this all mean to you if looking to buy, sell or renew...

Read More