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2024: A "Perfect Storm" in Canadian Real Estate

Posted on Dec 13, 2023

A perfect storm is brewing in Canadian Real Estate, with 20 year high mortgage rates and 2.2m mortgage borrowers set to renew their fixed rate mortgages in 2024 and 2025 all at the same time as a looming recession.

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses all of the market variables...

Breaking Down Affordable Housing In Canada

Posted on Dec 06, 2023

Affordable housing is a hot button topic, however I do not believe there is an agreed upon definition of what “affordable housing” actually is.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses the various ways people define housing as “affordable” depending on their current living situation, more specifi...

Langley Townhouses Are Outperforming The Market

Posted on Nov 29, 2023

Townhomes in Langley continue to outperform the rest of the local real estate market here in the Fraser Valley of BC.

In this video, Steve Karrasch, local real estate agent with Macdonald Realty, discusses some of the reasons why Langley townhouses are doing so well and he also reviews the statistics to demonstrate how well values in this one asset...

The END of Single Family Home Ownership

Posted on Nov 27, 2023

Could this be the end of the Canadian dream of owning your own home with a white picket fence? Sure, we all talk about how unaffordable homes are, but what if there were no single family homes at all?

In today's video, Surrey real estate agent Steve Karrasch of Macdonald Realty explains changes being implemented in British Columbia that will automat...

Canadians Are Going Bankrupt (and keeping their homes!)

Posted on Nov 22, 2023

Is it possible that as a Canadian you can go Bankrupt and still keep your home? Some homeowners are figuring out a way to do just that.

In today's video, Surrey BC real estate specialist Steve Karrasch of Macdonald Realty discusses his experience with evaluations of properties where the homeowner is considering Bankruptcy or a Consumer Proposal and...

Fall 2023 Fraser Valley Real Estate Market

Posted on Nov 20, 2023

Months of Inventory is likely THEE most important stat to help understand your current real estate market.

Again this month, Surrey REALTOR® Steve Karrasch of Macdonald Realty reviews the latest consumption rates as reported by the Fraser Valley Real Estate Board in each major area and in each asset class of Condos, Townhomes and Single Family Home...