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The Surrey Real Estate Market - Pricing & Statistics July 2022

Posted on Aug 08, 2022

So how is the Surrey Real Estate market doing based on July 2022 sales and sale prices?

In this month's Surrey Report, Surrey REALTOR® Steve Karrasch of Macdonald Realty reviews the Fraser Valley Real Estate Board’s statistics to determine how much the market has slid since the peak seen in February/March of this year. As with every Surrey Report, t...

So You Bought at the TOP of Canada's Real Estate Market

Posted on Aug 01, 2022

You and a record number of other Canadians bought into the real estate market in the beginning of 2022 and already the market has not only slowed, but prices are now dropping as fast as they went up due largely to the Bank of Canada's interest rate hikes as they try to battle high inflation.

So what do you do now?

In this video, Surrey real estate ag...

Losing My Home to the Bank of Canada's MASSIVE Interest Rate Hike

Posted on Jul 25, 2022

With the Bank of Canada continuing their upward trajectory of interest rate hikes, with many economists and analysts projecting two more rate increases this year, some homeowners that bought in the last few years are becoming increasingly worried about what this all means for the mortgage they committed to.

In this video, Surrey Real Estate special...

BC Quietly EXPANDS Real Estate Speculation Tax (Not Whistler)

Posted on Jul 22, 2022

Along with the Cooling Off Period, BC also announced that the Government will be expanding its Speculation Tax to areas including Ladysmith, Squamish and others.

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty reviews the announcement as covered by CTV News, as well as the obvious omission of Whistler and other resort communities...

BC Puts In Place Three Day Cooling Off Period In Real Estate

Posted on Jul 21, 2022

The Province or British Columbia has just announced the start date for the new “Cooling Off Period” in Real Estate.

In this video, local Surrey REALTOR® Steve Karrasch of Macdonald Realty looks at the press release by the government that includes a new fee to walk away from a contract in the province.

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The RAPIDLY Declining Surrey and Fraser Valley Real Estate Market

Posted on Jul 18, 2022

In this month's Surrey Report, Surrey REALTOR® Steve Karrasch of Macdonald Realty does his monthly review of the Fraser Valley Real Estate Board’s statistics to review months of inventory in each main city within the Fraser Valley highlighting where each asset class lands with regards to sellers, balanced or buyers market. As with every Surrey Repo...