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.
Have you been considering purchasing a rental or investment property in an effort to collect some passive income and put additional cash flow into your pocket? Well, you may be surprised just how little positive monthly cash flow purchasing an investment condo in BC or more specifically the city of Surrey will earn you.
With the price of Vancouver real estate and rent becoming out of reach for many, Surrey and the Fraser Valley are rapidly becoming areas that many people are considering when it comes to living and putting down roots. Not only is Surrey becoming a popular region for people to move to, but according to Food and Wine magazine, Surrey BC is making its...
Surrey Real Estate prices are UP and on the rise AGAIN through the month of April.
In this month’s Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the April 2023 stats for the City of Surrey and offers his insight into what he is currently seeing in the market. As with every Surrey Report, the team als...
Is your 5 year mortgage up for renewal this year like roughly 25% of fixed rate mortgage borrowers in Canada? If it is, have you considered what your new monthly mortgage payment will be?
In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through his real life example to provide some context as to what Canadian mo...
According to CMHC’s most recent housing forecast released on Thursday April 27, 2023, tight rental market conditions in Canada due to buyers being “boxed out” of an unaffordable housing market, high immigration, and simply not enough new supply, is likely to persist and is expected to tighten even further. In other words, Canada doesn't have enough...
Condo versus Townhouse…this is a common decision and comparison that first time homebuyers consider when looking to purchase their first home in Surrey, BC.
In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty compares two very “typical” Surrey properties in the form of a 2 bed, 2 bath condo versus a 3 bed, 3 bath townhou...
