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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 Jobs Report Boosts Chances of 25 bps Rate Hike on Jan 25

Posted on Jan 07, 2023 in Market Update

Canadian Jobs Report Increases Odds of a 25 bps Rate Hike January 25thEmployment Report Ended 2022 With A Boom

Today's Labour Force Survey for December was much stronger than expected, raising the odds of a 25 bps increase in the policy rate by the Bank of Canada on January 25th. While the Bank has hiked rates by 400 bps to 4.25%, core inflation remains sticky, wages have risen by more than 5% for the seventh consecut...

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Vancouver Real Estate Market Update - December 2022

Posted on Jan 06, 2023 in Market Update

December Vancouver Real Estate Market Update 2022Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022


After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.

The Real Estate Board of Greater...

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Vancouver Bucket List - January 2023

Posted on Dec 27, 2022 in Community

Vancouver Bucket List - January 2023Vancouver Bucket List brings you a selection of the best upcoming events in Vancouver for next month. 

Check out the events below and let us know in the comments which you'll be attending, or if there's anything that we've missed that should be included.


King Tut Immersive Experience

Now Until January 14th 2023.
Vancouver Convention Centre
999 Canada Pl...

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Canadian Monthly Economic Growth Increases 

Posted on Dec 24, 2022 in Economics

Canadian Monthly Economic Growth (October 2022)


Canadian real GDP edged up by 0.1 percent in October, following a 0.2 percent increase in September. Growth in services-producing industries (+0.3 percent) offset declines in goods-producing industries (-0.7 percent) as real GDP grew in 11 of 20 subsectors. Canadian real GDP is now roughly 2.9 percent...

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Canadian Inflation Disappointingly High in November

Posted on Dec 22, 2022 in Market Update

 Canadian Inflation (November 2022) 


Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.8 percent on a year-over-year basis in November, a slight decrease from the 6.9 percent rate in October. Despite rising food and shelter costs, falling gasoline and furniture prices softened the pressure on prices. Rising interest rates contri...

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Canadian Retail Sales Increases

Posted on Dec 21, 2022 in Market Update

Canadian Retail Sales (October 2022) 


Canadian seasonally-adjusted retail sales rose 1.4 percent in October to $62 billion. Sales rose in 6 of 11 subsectors but were led by higher sales at gasoline stations (+6.8 percent) and food and beverage stores (+2.2 percent). Core retail sales, which strips out gasoline and motor vehicle and parts dealers, ro...

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