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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 

Mobile: 7783856141

Phone: 6046308842

adam@chahl.com

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Vancouver Real Estate Statistics - June 2020

Posted on Jul 03, 2020 in Market Update

June 2020 - Greater Vancouver Real Estate StatisticsSteady increases in home sale and listing activity continue in June


Home buyers and sellers have gradually become more active in each month of the COVID-19 pandemic. In June, home sale and listing activity in Metro Vancouver* returned to more historically typical levels.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home...

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Canadian Monthly Real GDP (April 2020) 

Posted on Jun 30, 2020 in Economics

Real Canadian GDP April 2020Canadian real GDP decreased 11.6 per cent on a monthly basis in April, reflecting the first full month of measures put in place to halt the spread of COVID-19. April's decline follows a 7.5 per cent contraction in March. April's decline was the largest monthly decline in GDP since the series started to be recorded in 1961. The Canadian economy is n...

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Canadian Retail Sales (April 2020)

Posted on Jun 19, 2020 in Economics

April 2020 Retail Sales DeclineSeasonally-adjusted Canadian retail sales fell by a staggering 26% in April to $35 billion. The largest drop since the data became available in 1991. About one-third of retailers were closed in April, while in the clothing subsector it was 70%. Sales were down in all subsectors for the first time since 1993, led by auto dealers (-44%), gas stations...

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Canadian home sales and new listings on the rise in May

Posted on Jun 18, 2020 in Market Update

Canadian MLS Home Sales Data - CREAStatistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings were up noticeably in May 2020 compared to April, though still historically low at this point.

SUMMARY:

National home sales rose 56.9% on a month-over-month (m-o-m) basis in May.

That said, actual (not seasonally adjusted) activity was st...

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Canadian Inflation (May 2020)

Posted on Jun 17, 2020 in Economics

Canadian Inflation - May 2020Canadian inflation, as measured by the Consumer Price Index (CPI) fell by 0.4 per cent in May year-over-year. This was the second consecutive month of decline in the CPI since the summer of 2009. Transportation prices were the main drag on inflation due to lower gas prices compared to the same time last year. Rents also declined for the second cons...

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Housing Market Activity Shows Signs of Recovery in May

Posted on Jun 15, 2020 in Market Update

MLS Home SalesThe British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019. The average MLS® residential price in BC was $728,898, a 3.2 per cent increase from $706,394 recorded the previous year. Total sales do...

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