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December 2024

BOC Just Cut Canada's Interest Rate (for the last time)

Posted on Dec 13, 2024


The Bank of Canada (BOC) just delivered another jumbo cut of 0.50% to the overnight policy rate

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses the latest BOC rate cut, what the Bank of Canada is signalling to Canadians and where lending rates could be headed in the near future.

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How Big of a Deal is Home Flipping in BC?

Posted on Dec 11, 2024


How big of a deal is home flipping in BC?

In this month’s Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews a recent CBC news segment discussing just how prevalent home flipping is in the province of BC. As with every Surrey Report, the team also provides the November benchmark sale figures for the month of Nov...

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My House Will Never Sell In This Market

Posted on Dec 04, 2024


A lot of prospective sellers are feeling rather hopeless right now with the market and the potential ability of selling their property.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses the #1 seller rebuttal that he is coming up against right now and what sellers must come to terms with if they are lookin...

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GST on BC Real Estate Just Changed...Again

Posted on Dec 02, 2024


The BC contract of purchase and sale (CPS) has changed again, specifically when it comes to GST including how it applies, who is responsible for paying it and how it will affect your purchase price.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses the new GST change to the CPS and what you and your REALTO...

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