Call it a CRASH 📉 Surrey and Fraser Valley Housing Market Update

The Surrey and Fraser Valley housing market appears to have officially crashed. With rapidly rising interest rates significantly tightening lending rates the Fraser Valley real estate market has seen a sharp turn back from the peak when it comes to both home prices & sales.

In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty takes a hard look at how the BOC’s monetary policy change from quantitative easing (QE) to quantitative tightening (QT) in the form of rapid and consistent interest rate increases this year has impacted Surrey and Fraser Valley real estate. Steve also shares his thoughts as to what the future may hold for the Surrey & Fraser Valley real estate market.

Check out the Tom Storey Show’s coverage of the CBC Marketplace Investigation into Mortgage Fraud: https://youtu.be/QxaGa6wak3Q

#SurreyRealtor #SurreyRealEstate #FraserValleyRealEstate

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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
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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.