Adam Chahl BSc (Hons)
Adam Chahl is an award-winning Vancouver Real Estate Agent, a member of the Medallion Club (awarded to the top 10% of agents in Vancouver), and has been empowering people to purchase real estate for many years.Growing up in the UK amidst a family heavily focused on Real Estate Development. Adam has sought out, secured financing, and project managed successful and profitable build projects in the UK, the Caribbean, and here in Beautiful British Columbia.
Having a strong business background Adam graduated from Aston Business School in the UK with Honors, he has worked with several large ‘blue chip’ corporations in Project Management and Business Development roles. He actively donates to the Children’s Miracle Network, the BC Heart and Stroke Foundation, and is a ‘Big Brother’ with the Urban Native Youth Association.
The COVID-19 pandemic has had substantial and often counter intuitive impacts on the BC economy and housing market. As we hopefully put the worst of the pandemic behind us and look ahead to a post-pandemic world, there remains significant uncertainty about what exactly that world is going to look like. In this Market Intelligence, we look at five q...
Canadian inflation, as measured by the Consumer Price Index (CPI), rose to 3.6% year-over-year in May, up from 3.4% in April. This is the highest level since May of 2011. Much of the increase in inflation was the result of base-year effects, as prices remained depressed in May of last year due to pandemic-induced shutdowns. On a seasonally adjusted...
Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 7.4% nationally from April to May 2021, building on the 11% decline in April. Over the same period, the number of newly listed properties fell 6.4%, and the MLS Home Price Index rose 1.0%, a marked deceleration from previous months.
Canadian housing starts increased by 3.2% m/m to 275.9k units in May at a seasonally adjusted annual rate (SAAR). Starts hit a record in March of 333.3k before declining somewhat in April. Single-detached housing starts declined 12% from April, while all other housing starts rose 11%. National housing starts were up by 41% compared to the same time...
The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent tar...