A perfect storm is brewing in Canadian Real Estate, with 20 year high mortgage rates and 2.2m mortgage borrowers set to renew their fixed rate mortgages in 2024 and 2025 all at the same time as a looming recession.

In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses all of the market variables brewing as we get ready to head into 2024.

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Benchmark Prices: (Surrey Combined) (+/- yoy):

🏠 Detached = $1,627,100 (+6.0%)
🏘 Townhomes = $867,200 (+5.9%)
🌆 Condos = $535,000 (+4.5%)

#SurreyRealtor #SurreyRealEstate #TheSurreyReport

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🗓 Book time with Steve: https://calendly.com/stevekarrasch

💾 DOWNLOAD Our FREE Home Buyer's Guide: https://tinyurl.com/cn6u4sd9

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If you are looking for help or have any questions regarding real estate in Surrey, B.C. or the Fraser Valley, please reach out below using which ever way is most convenient. We also service real estate sales Langley, Delta, White Rock, Abbotsford, Mission, and more Greater Vancouver Cities.
📱 call or text: 604-549-5828
📧 email: [email protected]
💻 website: https://www.krproperties.ca/
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🟣 Instagram:   / karrasch_real_properties  
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🏠 listings: https://www.krproperties.ca/properties
🔍 search for properties: https://www.krproperties.ca/neighbour...

The opinions expressed herein are solely that of Steve Karrasch PREC and not Macdonald Realty or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.