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The Three MOST Expensive Condos In Surrey BC

Posted on Feb 04, 2022

Are you interested to find out what luxury condos are currently selling for in Surrey BC?

In this month's Surrey Report, Surrey real estate expert Steve Karrasch of Macdonald Realty takes a look at the three most expensive condos in Surrey based on recent sales, and as always with the Surrey Report, the team shares the January 2022 benchmark prices...

Why Inflation Won't Stop In Real Estate

Posted on Feb 02, 2022

With real estate values in British Columbia hitting record highs thanks to high inflation, low inventory and low interest rates, the associated taxes that property purchasers must pay, via BC’s Property Transfer Tax (PTT) is also sky high.

In this video, Surrey Real Estate specialist Steve Karrasch discusses the various tax brackets associated with...

Stupid Offers are Driving Real Estate Prices Up

Posted on Jan 31, 2022

The Surrey real estate market is out of control and it’s much the same across most of Canada. With so much demand from buyers with easy access to cheap lending and a massive lack of properties for those buyers to pick from, almost every transaction we are a part of in 2022 involved the dreaded “bidding war”. This is when there are competing offers...

What a Real Estate Market Correction will look like

Posted on Jan 28, 2022

Bubble burst, correction, decline…whatever you call it, what will a drop in Canadian housing valuation look like when it happens and what will it take to shift the current market scale from a strong sellers market to a buyers market.

In this video, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty discusses what a correction to the C...

Steve Reacts to BOC Rate Announcement - Jan 26, 2022

Posted on Jan 26, 2022

The Bank of Canada made a decision today (Jan 26, 2022) to hold its overnight lending rate at 0.25% after many thought today would result in the first increase since rates were slashed almost 2 years ago.

This begs the question, what does this mean for the housing market in Canada?

In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty, s...

The REAL Real Estate Prices in Surrey BC

Posted on Jan 24, 2022

By now we all know and can agree that the price of real estate in Surrey BC is rising at an absolutely astonishing rate. So what exactly can your dollar purchase as of January 2022?

In this video, Surrey Real Estate specialist Steve Karrasch of Macdonald Realty breaks down the current average sale price by each sub-class of Surrey condo, townhome an...