Ravi Punia - REALTOR®

Fraser Valley Specialist

FRASER VALLEY REAL ESTATE BLOG POSTS


"The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level."  That was the opening of an article below that summarizes that Federal Reserve's new shift in policy, down in the United States.


US FED SAYS RATES TO STAY ULTRA-LOW EVEN AFTER INFLATION PICKS UP


There is a connection to Canada, mortgage rates and the real estate market as a result of this change...

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The Financial Post had an interesting story with a headline that reads:


Waiting for a real estate crash?  The market is still surging.


To the surprise of many, the residential real estate market didn't experience any sustained downturn through six months of the COVID-19 pandemic so far.  In fact, it seemed that pent up buying (and selling) was suddenly unleashed in July as the economy began a gradual reopening.  People who were in essence in "lockdown" at home had time to reflect on...

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The COVID-19 pandemic has greatly altered the way people are currently buying and selling homes.  The use of masks, disinfectants, medical disclosures, virtual tours and showings are all commonplace.  Showings are taking place with no touch policies and groups viewing homes are not to overlap their viewing times, to ensure social distancing.


See: How house hunting will forever change due to the pandemic


One of the more concerning trends, in my opinion, is the growing acceptance of some...

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*This blog communication is not intended to cause or induce breach of an existing agency agreement.  Views are my own and do not reflect those of any organizations that I may be associated with.

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