Is the 2022 Fraser Valley real estate market on track to suffer a similar fate to that experienced in the early 1980s in what looks to be the biggest real estate bubble seen in 40 years?
In this video, Surrey REALTOR® Steve Karrasch of Macdonald Realty takes a look waaaaay back to the early 1980s to compare how the market reacted then to rapidly increasing interest rates and high inflation and what we could very well experience now with rapidly increasing interest and high inflation.
SurreyRealtor #SurreyRealEstate #RealEstateBubble
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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.
