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The State of the Fraser Valley Real Estate Market | October 2022

Posted on Oct 24, 2022

What is the Fraser Valley Real Estate Market looking like in October 2022?

In this video, 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 whether the market...

How long is the BC Real Estate Cooling Off Period?

Posted on Oct 17, 2022

Effective January 1, 2023 a new consumer protection measure in the form of a 3 day cooling off period (or rescission period) will come into effect on all resale real estate transactions in British Columbia.

In this video, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty walks through some of the new details recently released in term...

The Canadian Real Estate Collapse

Posted on Oct 14, 2022

With high inflation, high interest rates, and overall high cost of living when it comes to just about everything in the lower mainland, what can you do right now to get yourself in a better position and prepare for the impending downturn in the Canadian economy.

In this video, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty outlines...

Winners & Losers of the Surrey Real Estate Market

Posted on Oct 10, 2022

Since the market peaked early on this year, there have been some definite “winners” and “losers” in terms of which regions in Surrey have experienced the largest correction in prices.

In this month's Surrey Report, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty reviews just how far real estate prices in Surrey have slid and which...

BC Finally Makes Buying Real Estate Fair

Posted on Oct 07, 2022

BC REALTORs, through the BCREA, are introducing a new self imposed rule to improve real estate transactions for you the buyer and seller in the future. During the intense sellers market that we experienced in late 2021 and early 2022, it was commonplace for REALTORs to hold offers until a specified offer date via the Direction Regarding Presentatio...

Canadian Home Prices DOWN, Mortgage Payments UP!

Posted on Oct 03, 2022

With rising interest rates and falling real estate sale prices, what does that mean in terms of what you may now qualify for when it comes to a mortgage and more specifically your monthly mortgage payment? Could it actually be possible that with home prices down, mortgage payments are actually up due to the rise in interest rates?

In this video, Sur...