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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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Single Family Residence in St Lucia

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First Back-to-Back Canadian Home Sales Gain in March

Posted on Apr 14, 2023 in Community

Good News On The Canadian Housing Front

The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada paused rate hikes. Bond market yields, though very volatile, have trended downward in March, although they have bounced since the...

Bank of Canada Holds Policy Rate At 4.5%

Posted on Apr 12, 2023 in Economics

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation

The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues to exceed supply, wage gains are too high, and labo...

Bank of Canada sustained its rate

Posted on Apr 12, 2023 in Economics

Bank of Canada Interest Rate Announcement

The Bank of Canada maintained its overnight rate at 4.5 per cent this morning. In the statement accompanying the decision the Bank noted that demand in Canada still exceeds supply and labour markets remain tight and that first quarter economic growth looks stronger than expected. However, the bank expects c...

Employment Rate of Canada - March 2023

Posted on Apr 06, 2023 in Community

Canadian Employment (March 2023)

Canadian employment rose slightly to 20.08 million in March, up by 35,000 (0.2 per cent). The Canadian unemployment rate held steady at 5 per cent, hovering just above all-time lows. Employment gains were concentrated in transportation and warehousing (+41,000); business, building and other support services (+31,000...

Tips for a successful Spring clean

Posted on Apr 05, 2023 in Community

Spring Cleaning Tips

As the sun starts coming back around, it is a great time to scrub those windows and deep clean your home!

Here are some tips for a successful Spring clean:

1. Create a Playlist: Everything is more fun with a great playlist! Not only is music great therapy but it can make the cleaning process go by quicker and make it more enjoyabl...

Greater Vancouver Real Estate Market Update - March 2023

Posted on Apr 04, 2023 in Market Update

Spring brings renewed price growth across Metro Vancouver’s housing market while new listings remain dormant

Home prices across Metro Vancouver’s housing market showed modest increases in March, while new listings remained below long-term historical averages.

March data also indicates home sales are making a stronger than expected spring showing so...

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