February 2023

Canadian GDP Slowed Dramatically in Q4 2022, Another Reason the BoC Won't Raise Rates in March

Posted on Feb 28, 2023 in Market Update

Bad News Is Good News for the Bank of Canada


Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this morning, showing a marked slowdown in economic activity. This will undoubtedly keep the central bank on the sidelines when they announce their decision on March 8. The Bank had estimated the Q4 growt...

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Vancouver Real Estates

Posted on Feb 27, 2023 in Community

Top 10 Vancouver Neighborhoods for Families


Are you looking for the perfect neighborhood to raise your family in Vancouver? With so many great areas to choose from, it can be overwhelming to know where to start your search. To help you narrow it down, we've compiled a list of the top 10 Vancouver neighborhoods for families.

1. Kitsilano: This trendy...

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Why should I work with a REALTOR® in Vancouver, BC?

Posted on Feb 26, 2023 in Community

In the competitive Vancouver real estate market, working with a REALTOR® can make a significant difference in finding your dream home or selling your property for the best possible price. The real estate industry can be complex and challenging to navigate without professional guidance, and that's where the PLACE Real Estate team comes in, led by Vancouver's best realtor, Adam Chahl.  One of the significant advantages of working with a REALTOR® is access to the Vancouver MLS listings, a comprehensive database of available properties in the city. MLS listings provide detailed information about the properties, including price, features, and location. It's essential to work with a licensed and experienced REALTOR® who has access to the latest listings and can help you find your ideal home in Vancouver.  The PLACE Real Estate team led by Adam Chahl offers a personalized approach to real estate, combining their knowledge and expertise to provide exceptional service to their clients. They are well-connected in the Vancouver real estate industry, with access to off-market properties and exclusive listings that may not be available to the public. As a result, working with the PLACE Real Estate team gives you an advantage in finding your dream home in Vancouver's highly competitive market.  When you work with a REALTOR®, you can also benefit from their negotiation skills. REALTORS® are trained to negotiate on your behalf and ensure that you get the best possible price for your property or purchase. The PLACE Real Estate team has a proven track record of successful negotiations, with a reputation for getting their clients the best deals in Vancouver's real estate market.  In addition to their negotiation skills, the PLACE Real Estate team also provides a range of services to their clients, including property inspections, market analysis, and marketing strategies. They can guide you through every step of the real estate process, from listing your property to closing the deal on your dream home.  The real estate market in Vancouver is highly competitive, with prices constantly fluctuating. Working with a REALTOR® who has experience and knowledge of the local market can make a significant difference in achieving your real estate goals. The PLACE Real Estate team led by Adam Chahl has over a decade of experience in Vancouver's real estate market and a deep understanding of the local market trends, enabling them to provide valuable insights and guidance to their clients.  In conclusion, working with a REALTOR® is essential in Vancouver's competitive real estate market, and the PLACE Real Estate team, led by Adam Chahl, is the right choice for your real estate needs. With their access to the Vancouver MLS listings, personalized approach, negotiation skills, and market expertise, they can help you find your dream home or sell your property for the best possible price. Contact them today to start your journey in Vancouver's real estate market.In the competitive Vancouver real estate market, working with a REALTOR® can make a significant difference in finding your dream home or selling your property for the best possible price. The real estate industry can be complex and challenging to navigate without professional guidance, and that's where the PLACE Real Estate team comes in, led by Va...

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Vancouver Bucket List - March 2023

Posted on Feb 23, 2023 in Community

Here's the list of events you don't want to miss in Vancouver for March 2023:


16th Annual Coastal Dance Festival
March 2, 2023 - March 5, 2023
Recurring daily
777 Columbia St, New Westminster, BC V3M 1B6

Dancers of Damelahamid will host the 16th annual Coastal Dance Festival, honouring Indigenous stories, song, and dance from the Northwest Coast, Canada...

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Greater Vancouver Real Estate Inflation Update - January 2023 

Posted on Feb 21, 2023 in Mortgage News

Canadian Inflation (January 2023) 


Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.9 percent on a year-over-year basis in January, a decrease from the 6.3 percent rate in December. Slower appreciation in prices of cellular services and passenger vehicles contributed to slowing the overall pace of price appreciation. Rising inte...

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Canadian Inflation Slows in January Assuring a Rate Pause At March 8 BoC Meeting

Posted on Feb 21, 2023 in Market Update

Further Decline in Inflation in January Affirms Bank of Canada Pause in March


Canadian inflation decelerated meaningfully in January despite the continued strength in the economy. Labor markets remain very tight, and retail sales continue to be strong. Nevertheless, the Bank of Canada's jumbo rate hikes over the past eleven months have tempered infl...

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