The "Surrey Report" is a monthly video market update designed to inform our clients and the public about the most recent statistics of the "Surrey Combined" area, as defined by the Fraser Valley Real Estate Board. Each month we cover year to year and month to month pricing changes of three property types including Detached Homes, Townhomes and Condos. Our team also works to update clients on recent market trends, tips and changes to our industry that affect our primary marketing areas of Surrey, North Delta, Cloverdale, Langley, and White Rock.
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...
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...
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...
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...
In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty covers the Top 5 things he wish he had known prior to buying his first property, specifically:
1. The Market - days on market, list to sale ratio 2. Costs - city utilities, homeowner grant, strata fees 3. Mortgage Penalties 4. Mortgage Brokers 5. How Realtors Get Paid
The unfortunate reality of the current real estate market is that, well…your home may not sell, at least not for the price you had in mind.
In today’s video, Surrey real estate specialist, Steve Karrasch of Macdonald Realty breaks down the issues plaguing sellers right now in the slow Surrey Real Estate market and how you must be positioning your p...
