February 2022

Canadian Inflation

Posted on Feb 16, 2022 in Economics

Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.1% on a year-over-year basis in January, up from 4.8% in December. On a month-over-month basis, the CPI rose 0.9% in January (0.6% seasonally adjusted). The Bank of Canada's preferred measures of core inflation (which use techniques to strip out volatile elements) rose an averag...

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Extremely Tight Conditions Persist in the BC Housing Market

Posted on Feb 14, 2022 in Economics

The British Columbia Real Estate Association (BCREA) reports that a total of 6,138 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January 2022, a decrease of 14.7 per cent from January 2021. The average MLS® residential price in BC was $1,042,169, a 23.5 per cent increase from $843,918 recorded in January 2021. Tota...

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5 tips to get the highest price for your Yaletown condo

Posted on Feb 10, 2022 in Sellers Information

Tip #1 Staging - Pay close attention to the way your place looks and feels when a buyer comes in. You want to declutter and depersonalize as much as possible so the buyers can envision themselves living in the space appose to yourselves.

Tip #2 Smells - Often overlooked, you want to take care of any smells or odours. Pay attention and ask your real...

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Greater Vancouver Real Estate Statistics - January 2022

Posted on Feb 02, 2022 in Market Update

The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease from the 2,389 sale...

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Canadian Monthly Economic Growth (November 2021) 

Posted on Feb 01, 2022 in Economics

The Canadian economy expanded 0.6 per cent in November on a month-over-month basis, propelled by strong growth across essentially all sectors. Canadian real GDP is now 0.2 per cent above its pre-pandemic, February 2020 level. Preliminary estimates suggest that output in the Canadian economy was essentially flat in December.

At its most recent meetin...

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