Ravi Punia - REALTOR®

Fraser Valley Specialist


"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.


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.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.