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.
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 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...
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...
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?
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...
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...
