Mandeep Singh  Ghotra PREC*

Mandeep Singh Ghotra PREC*

REALTOR®

Century 21 Coastal Realty Ltd., Brokerage*

Mobile:
778-968-0653
Office:
604-599-4888
Email Me
Mandeep Singh  Ghotra PREC*

Mandeep Singh Ghotra PREC*

REALTOR®

Century 21 Coastal Realty Ltd., Brokerage*

Mobile:
778-968-0653
Office:
604-599-4888
Email Me

Mandeep Singh Ghotra PREC*'s blog

February Market Snapshot: Canada Sees a Jump in New Supply

Source - The Canadian Real Estate Association

Canadians looking to purchase a home will be happy to hear there was a jump in new listings that hit real estate markets across the country in February 2022.

VIDEO: Must-share with clients – 2020 in review – a market like no other

From a drizzle to a torrential downpour in six months – Fraser Valley’s market in 2020 did exactly what no one expected. Least of all REALTORS®.

Home sales started to rebound from the lockdown in the summer and culminated in the strongest December in the history of the Board.

Sales volumes remain exceptional in the Fraser Valley -October 2020

 

Sales and new listings reach near record-setting numbers in the Fraser Valley

 

Fraser Valley real estate market contracts and adapts in response to public health measures to mitigate COVID-19

 

Source- Fraser Valley Real Estate Website(http://www.fvreb.bc.ca)

SURREY, BC – As anticipated, real estate activity saw a steep decline last month in response to the pandemic lockdown, resulting in one of the slowest Aprils in Fraser Valley history.

Bank of Canada lowers overnight rate target to ¼ percent

Sources(https://www.bankofcanada.ca/2020/03/press-release-2020-03-27/)

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.

Federal Government Wage Subsidy Updates

Information on CEWS

CEWS was announced by the Federal government on March 27 to help employers keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic.

CEWS is meant to provide a 75-per-cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020.

Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses

Support for Canadians        (Source- www.canada.ca/department-finance)

Temporary Income Support for Workers and Parents

For Canadians without paid sick leave (or similar workplace accommodation) who are sick, quarantined or forced to stay home to care for children, the Government is:

Privacy Protected: What it means and what it doesn’t by Paul Cowhig, Professional Standards Advisor

Many members seem to think that the Privacy Protected status on their listings will keep other members from ever contacting those clients/sellers in the future. That is not correct.

It simply means that other REALTORS® must not use the MLS® as their source for the information they use to communicate with the seller. This is specified in the Rules of Cooperation 6.06, Privacy-Protected Listings, and on the Privacy Notice and Consent form.

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Education: University of British Columbia

Specialty: Residential Properties, Development Properties

Area Covered: Surrey, Langley, Richmond, White Rock, Burnaby, New Westminister, Vancouver

Languages Spoken: English, Hindi, Punjabi