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PLACE Real Estate Team - Adam Chahl

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Adam Chahl

Oakwyn Realty

1286 Homer Street  Vancouver,  British Columbia  V6B 2Y5 

Phone: (604) 800-8710

adam@chahl.com

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Canadian Employment (March 2021)

Posted on Apr 09, 2021 in Economics

BC Unemployment Rate - March 2021Canadian employment gained 303K jobs in March (1.6%, m/m), bringing total employment to within 1.5% or 296K jobs of its pre-pandemic level from February 2020. Both part-time employment with full-time employment contributed to the gains in March, rising by 128K and 175K jobs respectively. The national unemployment rate decreased by 0.7 percentage po...

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Vancouver Real Estate Statistics - March 2021

Posted on Apr 02, 2021 in Market Update

Vancouver Real Estate Update - March 2021March home sales and new listings set records in Metro Vancouver

Home buyer and seller activity reached unprecedented levels across Metro Vancouver in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 5,708 in March 2021, a 126.1 per cent increase from the 2,524 sales recorded in Marc...

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Mortgage Rate Forecast - March 2021

Posted on Mar 26, 2021 in Economics

Vancouver Mortgage Rates & MLS ListingsMortgage Rate Outlook 

Canadian 5-year bond yields jumped in February and are now about 70 basis points above their pandemic lows. Yields moved sharply higher due to increased optimism about the economy, particularly as vaccinations progress. There may also be some pressure as Canada competes for capital with other sovereign governments looking to fi...

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Canadian Housing Market Still On Fire

Posted on Mar 18, 2021 in Market Update

Canadian Home Prices on FireHousing Continued to Surge in February


Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in February 2021. Canadian home sales increased a whopping 6.6% month-on-month (m-o-m), building on the largest winter housing boom in history. On a year-over-year (y-o-y) basis, existing...

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Canadian Employment (February 2021)

Posted on Mar 12, 2021 in Economics

Canadian Real Estate Employment Numbers Feb 2021Canadian employment gained 259k jobs in February (1.4%, m/m), almost making up for the 266k jobs lost in the previous two months. This left the employment level 3.1% (-599k) below its February 2020 pre-pandemic level. The rise was largely in part-time employment with full-time positions continuing to see positive growth in February. Notable job gai...

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Strong Canadian Economic Growth in Q4 and January

Posted on Mar 04, 2021 in Economics

Canadian Economic Growth - Vancouver Real EstateThis morning's Stats Canada release showed that economic growth in the final quarter of last year was a surprisingly strong 9.6% (annualized). The surge in growth in January was even more interesting, estimated at a 0.5% (not annualized) pace. If these numbers pan out, it means that Canada did not suffer a contraction during the second wave and ens...

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