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.
As we begin to wrap up 2023, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty takes a look back at his Canadian real estate predictions made a short year ago with regards to interest rates, property prices, rental prices, foreclosures & inventory, and just how WRONG he was!
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November 2023 stats from the Fraser Valley Real Estate Board are out and November saw the 2nd slowest month of sales in the last 10 years.
In today's video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty reviews the latest consumption rates as reported by the Fraser Valley Real Estate Board in each major Fraser Valley area and in each asset cl...
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...
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...
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...