Why You Are NOT Priced Out Of Canadian Real Estate, Despite HUGE Spike
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- čas přidán 2. 08. 2024
- Average, Median and Benchmark price can all tell a very different tale of what the real estate market is doing over a given period of time.
In this month's Surrey Report, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty reviews the February FVREB stats and compares average, median and benchmark prices in an effort to gauge the current temperature of the Fraser Valley Real Estate Market. As with every Surrey Report, the team also breaks down the February 2024 benchmark stats for the City of Surrey.
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Benchmark Prices: (Surrey Combined) (+/- yoy):
🏠 Detached = $1,613,800 (+7.1%)
🏘 Townhomes = $864,400 (+6.6%)
🌆 Condos = $544,200 (+4.8%)
#SurreyRealtor #SurreyRealEstate #FVREBStats
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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.
Reform taxation: Put a capital gain tax on all categories of real estate (including principal ） in the meantime lower personal income taxes to encourage people to work harder, leave more money in their pockets and invest in R&D
thanks
Welcome
I'm not a realtor, I just live in Metro Vancouver, but generally speaking on any medium to long term outlook (5+ years), prices go up. The rate of increase may decrease or increase at times but in general prices go up and the new floor is set. For those looking to buy their first home, get pre-approved and get in as soon as you can once you find something that works for you (location, size, life style, etc.).
Yup.
Stock market is in a dangerous place right now, values reflect rate cuts that aren't coming.
Once this is realized, look out!
People are front running the cuts by getting into gold too early.
We simply need to relearn the wisdom of the last century: to acknowledge that landlordism is the enemy of affordability, and to ensure that the housing economy is not defined by the staggering rental yields that our unregulated market can produce
Agreed, let's make renting illegal. Stop supporting Landlords.
T/H sold in My complex March 2023 for 1 million 59 thousand dollars(executive type T/h over 2000 square feet) ,,tried to sell mine from May 2023-Jan,20/2004 (rated as nicest in the complex),best offer $940000 so
this kind of prices you mention sound very strange to me?
Sounds like you need a good realtor.
@@SteveKarrasch But realtors use same standard advertising ?
@@user-fe5lr9zt3y They do?
Where are you located?I am looking for a townhome.
@@juliasanny5396 Sullivan.
Lol Riiiiiiight lets look at another fairytale when the budget comes up in April...
Smoke and mirrors 🪞
Sell TLT callz
Support comment 🎉 love how you explain stuff.
I appreciate that!
Sutreey will go up higher and higher ss rhe citu keep densifying.
I used Sutreey to help me buy my undervalued detached in North Delta, he is the best realtor in all of South Surrey.
780 views in 10 hours. not too good buddy. you need a more weirder looking picture on your face to hope for more attractable. :)
Thanks for the tip Mr Beast
you and Bill F mastering the one word sentences lol@@DTrent-uy1wl