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.
With the BOC continuing on their overnight rate hiking path, Canadian fixed rate mortgage holders can expect to feel the squeeze this year as they look to renew their mortgages. Should Canadians be worried about finding themselves in a situation where they can't qualify for their own mortgages, as some media headlines would like to have us believe...
What will it take to make Canadian Real Estate affordable again? Well if this isn’t the million dollar question, I don’t know what is?
In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses Canadian lending practices in terms of qualification and GDS/TDS requirements and the issues facing the housing affordabi...
In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty does a deep dive into the most recent FVREB stats to make sense of what is going on in the market right now and what to expect or consider as we move forward in 2023.
Some topics covered in today’s video include: Sales activity in FVREB, months of inventory, listing...
I'm sure this isn’t the first video or headline you have read stating how real estate sales are at the lowest they have been in a very very long time. So what does this mean exactly?
In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews both monthly sales and months of inventory in the Fraser Valley dating back to...
I must apologise as in my previous video on this topic I made some assumptions around how the removal of rental restrictions would affect 55+ age restricted communities, and now that further clarification and interpretation of the Strata Property Act have come to light, I feel it is prudent to present these to you.
What is the Fraser Valley Real Estate Market looking like in January 2023?
In this month’s Surrey Report, 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 whe...
