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December 2023

I Was WRONG About Surrey Real Estate Prices

Posted on Dec 27, 2023


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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The 2nd Slowest Real Estate Market In A Decade

Posted on Dec 20, 2023


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...

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2024: A "Perfect Storm" in Canadian Real Estate

Posted on Dec 13, 2023


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...

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Breaking Down Affordable Housing In Canada

Posted on Dec 06, 2023


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...

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