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35% of Homeowners will go Bankrupt in 2024?

Posted on Mar 25, 2024

Two years ago, our Youtube channel covered a Daily Hive article that claimed as many as 35% of Canadian households were concerned about going bankrupt due to rising interest rates. Now that the BOC overnight rate is holding steady at 5% and reported consumer bankruptcies are still below pre-pandemic levels, could the wave of fixed rate mortgage ren...

Surrey Real Estate Falls FLAT Amid Uncertainty

Posted on Mar 18, 2024

The Surrey townhouse and condo market appear to be stabilising, providing some price certainty to a market that has very much lacked it for quite some time.

In today’s video, Surrey REALTOR®, Steve Karrasch of Macdonald Realty takes a look back at how far the Fraser Valley Real Estate Market has come since 2020 and where he thinks the market is hea...

Why You Are Not Priced Out of Canadian Real Estate

Posted on Mar 11, 2024

Average, Median and Benchmark price can all tell a very different tale of what the real estate market is doing over a given period of time.

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews the February FVREB stats and compares average, median and benchmark prices in an effort to gauge the curr...

Massive Government Overstep in Canadian Real Estate

Posted on Mar 06, 2024

The Federal government is expanding their FINTRAC requirements when it comes to collecting personal information in an effort to crackdown on money laundering through the Canadian housing market.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty walks through the contents of the current FINTRAC form that all real est...

Housing Affordability Just Got Worse in BC

Posted on Feb 29, 2024

Could the new 20% home flipping tax in BC (that is meant to increase home affordability over time) actually cause home prices to rise to even more unaffordable levels?

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty explains why he thinks this new tax just made housing affordability even worse in the province.

Watch the housing min...

BC Introduces 20% Flipping Tax

Posted on Feb 26, 2024

The BC Government has announced yet another new tax to try yet again to solve the housing shortage without adding new supply to the real estate market. At the same time First Time Home Buyers rejoice as FINALLY there is some relief to BC's PTT or Property Transfer Tax up to $835,000.

In this video, Surrey real estate agent Steve Karrasch of Macdona...