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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.


Canadian Mortgage Rates Set to Skyrocket

Posted on Sep 16, 2026


After a long period of relatively stable mortgage rates, we may be heading in the other direction.Bond yields have been rising, and that's important because Government of Canada bond yields heavily influence the fixed mortgage rates offered by Canadian lenders.If yields continue moving higher, five-year fixed mortgage rates are likely to follow.For...

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Real Estate Might Not Get Worse...

Posted on Sep 11, 2026


The latest Fraser Valley real estate statistics are out, and for the first time in a while, there are a few numbers that give me a tiny bit of hope.I want to emphasize the word tiny.Prices are still down. Sales remain historically low. And I don't think we can say the market has reached the bottom yet.But we're starting to see a couple of indicato...

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The Trade War Is Crushing Real Estate

Posted on Sep 09, 2026


There has been a tremendous amount of discussion over the past year and a half about tariffs, trade wars, politics and the effect all of this uncertainty is having on the Canadian economy.I'm not particularly interested in turning this into a political discussion.What I am interested in is what has actually happened to our local real estate market...

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Langley Housing is Outperforming the Real Estate Market

Posted on Aug 31, 2026


One real estate market in the Fraser Valley is currently outperforming almost all the others.It’s not Surrey, the largest market in the area. It’s not Abbotsford. And it’s not even North Delta, despite being closer to Vancouver.It’s Langley.Don't get me wrong. Langley real estate prices are still down from where they were a year ago. But when you l...

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Canada's RIDICULOUS Housing "Solution" that No One Wants

Posted on Aug 26, 2026


Every day for the last year or so, I’ve driven past a new home being built near where I live. Regardless of what you think about large houses or so-called “McMansions,” this particular home always stood out to me.It’s a beautiful single-family home, on its own lot, in a great neighbourhood. Every time I drove by, I thought: That’s the kind of house...

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Surrey Housing Prices & The Fall Real Estate Market (2026)

Posted on Aug 21, 2026


The summer real estate market is traditionally slow, and with the fall market approaching, I thought this would be a good time to take a closer look at exactly what’s happening in my hometown of Surrey, BC.The big question is whether there are finally signs that the market is beginning to recover or, at the very least, whether prices might stop fal...

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Steve Karrasch PREC, Karrasch Real Properties Team

Phone: 604-549-5828

steve@krproperties.ca

Office Info

Macdonald Realty

#100 - 2429 152 St  Surrey,  BC   V4P 1N4 

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