Propping Up The Failing Canadian Real Estate Market

In an effort to tame the highest rate of inflation Canada has experienced in the last 30 years, interest rates are rising at a record pace and the Canadian real estate market is correcting very very quickly in response.

In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses what he believes the Canadian government could do to both support a strong Canadian Real Estate market and reign in inflation. Spoiler alert… it involves tweaking the current Canadian Mortgage Stress Test.

#SurreyRealtor #SurreyRealEstate #MortgageStressTest

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The opinions expressed herein are solely that of Steve Karrasch PREC, 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.