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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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205 - 36 E 14th Avenue

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Akasha - Cap Estate, St. Lucia, West Indies

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The Canadian Economy

Posted on Mar 09, 2023 in Economics

Economic Insights from Dr. Sherry Cooper

The Bank of Canada was the first major central bank to hit the pause button on rate hikes in late January. Given the slowdown in inflation in the recently released January CPI, The Bank of Canada will refrain from hiking interest rates this month.

That is welcome news for homeowners with adjustable-rate mortg...

Bank of Canada Interest Rate Announcement -March 8, 2023

Posted on Mar 08, 2023 in Economics

Bank of Canada Interest Rate Announcement

As signalled in its previous 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 restrictive monetary policy is weighing on demand and it expects weak economic growth for the next couple of...

Getting ready for the Spring Market

Posted on Mar 08, 2023 in Market Update

Preparing for the Spring Market

According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace.

In some cases, sellers...

Bank of Canada Pauses Hikes as US Fed Signals More Tightening

Posted on Mar 08, 2023 in Community

The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push Higher

As expected, the central bank held the overnight rate at 4.5%, ending, for now, the eight consecutive rate increases over the past year. The Bank is also continuing its policy of quantitative tightening. This is the first pause among major central banks.

Economic growth gro...

Fraud Awareness Month in the Mortgage Industry

Posted on Mar 07, 2023 in Mortgage News

Fraud Awareness Month

Did you know? March is fraud awareness month in the mortgage industry, which makes this is a great time to talk about title insurance!

As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you:

For those who don’t know, title fraud can impact both homebuyers and homeowners. S...

BCREA Commercial Leading Indicator (CLI) Declined

Posted on Mar 02, 2023 in Market Update

CLI Falls in Fourth Quarter 2022

In the fourth quarter of 2022, the BCREA Commercial Leading Indicator (CLI) dropped to 148 from 149, and the six-month moving average continued its downward trajectory. Compared to the same quarter in 2021, the index was down by 2 percent.

It is important to note that the environment for commercial real estate remains...

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