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How to Prepare for Higher Mortgage Payments

Posted on Oct 11, 2023

Interest rates are at a 22 year high and with the Canadian 5 year bond yield surging higher in recent weeks, putting further pressure on fixed rate mortgages, Canadian mortgage borrowers should brace for significant interest rate increases and mortgage payments upon renewal. So what can you do to prevent yourself from losing your home in the loomin...

Trouble Brewing in the Canadian Housing Market

Posted on Oct 04, 2023

Trouble is brewing in the Canadian housing market as the pain of higher interest rates is beginning to be felt for 5 year mortgage borrowers renewing their mortgages into MUCH higher interest rates.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty breaks down the mortgage shock coming for many mortgage borrowers i...

Is it Better to Rent or Buy Surrey Real Estate?

Posted on Sep 29, 2023

Alright, this is not going to go over well, but this is my humble opinion so here goes…Renting will not get you ahead in the long run, and should not be a long time goal for anyone…in my opinion!

In this video, Surrey real estate specialist, Steve Karrasch of Macdonald Realty explains his rationale behind why he believes that renting is wrong in the...

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?

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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...

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...