Ravi Punia - REALTOR®

Fraser Valley Specialist


The COVID-19 pandemic has had a huge impact on the way that many people work.  Pre-pandemic it seemed that working from home was something only a small percentage of office workers were able to do.  Even then, maybe a day or two a week seemed typical.

With the onset of the pandemic, there was a tremendous shift to remote working or working from home, for millions of workers.  So-called hybrid work. It was no different here in Metro Vancouver.  I think one of the offshoots of this...

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There was an interesting piece in the Vancouver Sun titled Repeat buyers, investors behind B.C.'s Pandemic Real Estate Boom: Analysts

I found this to be an interesting read as it talks about people using existing equity to purchase second or third or more properties.  This has had the effect of squeezing out first-time buyers in places like the Fraser Valley.  In other words, during the recent boom, first-time buyers have comprised a smaller proportion of the buyer pool.

I empathize with...

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The Canadian Real Estate Association (CREA) today reported that there are a record low number of homes for sale, across Canada. 

See: Canadian home buyers face record listings shortage to begin 2022

This echos what the BC Real Estate Association has recently noted and what I discussed in yesterday's blog post. See my blog post: Lack of Listings to Start 2022.

CREA reports that there is less than a two-month supply of homes for sale, assuming the current sales pace continued.  The long-term...

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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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