Trouble Brewing in the Canadian Housing Market

Trouble is brewing in the Canadian housing market as the pain of higher interest rates is beginning to be felt for 5 year mortgage borrowers renewing their mortgages into MUCH higher interest rates.

In today’s video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty breaks down the mortgage shock coming for many mortgage borrowers in 2024 and 2025 as mortgage borrowers renew their loans at much higher interest rates. Don’t lose hope though, Steve also provides some ways that you can prepare for higher interest rates and increase in monthly mortgage payments in the near future.

If you are looking for more information on how best to prepare for an upcoming mortgage renewal, please give Steve a call, or book a call with him at a time that bests suits you: https://calendly.com/stevekarrasch

#SurreyRealEstate #SurreyRealtor #MortgageRates

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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.
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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.