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Adam Chahl

Oakwyn Realty

1286 Homer Street Vancouver, British Columbia V6B 2Y5

Phone: (604) 800-8710

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Canada’s Job Surge May Keep Interest Rates Higher for Longer

Posted on May 05, 2023 in Community

High-Interest Rates Have Not Slowed the Labour Market Sufficiently

The Canadian labour market has done it again, blowing past expectations for the fifth straight month. In April, a whopping 41,400 new jobs were added, more than double what economists predicted. Since February, monthly employment growth has averaged 33,000, following cumulative incre...

Quick way to Pay off your Mortgage

Posted on May 03, 2023 in Mortgage News

How to Pay Off Your Mortgage Faster

When it comes to homeownership, many of us dream of the day we will be mortgage-free.

While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!

1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying...

Greater Vancouver Real Estate Market Update - April 2023

Posted on May 02, 2023 in Market Update

Prices continue rising across Metro Vancouver as home buyer confidence returns

With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along wi...

BCREA 2023 Second Quarter Housing Forecast

Posted on May 02, 2023 in Economics

BC Housing Market Expected to Strengthen

The British Columbia Real Estate Association (BCREA) released its 2023 Second Quarter Housing Forecast today.

Multiple Listing Service®(MLS®) residential sales in BC are forecast to decline 6.6 per cent to 75,530 units this year. In 2024, MLS® residential sales are forecast to post a strong rebound, rising 19...

Greater Vancouver Monthly GDP - February 2022

Posted on Apr 28, 2023 in Economics

Canadian Monthly Real GDP Growth (February 2022)

Canadian real GDP inched up 0.1 per cent in February, following a 0.6 per cent jump in January. Both goods-producing and services-providing sectors of the economy grew 0.1 per cent. Growth was led by the public sector (+0.2 per cent), professional, scientific and technical services (+0.6 per cent), a...

OSFI Set To Tighten Banking Regulation

Posted on Apr 24, 2023 in Economics

Great News On The Inflation Front

On April 18, Canada's national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing about it.

Accor...

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