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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 Home Prices Drop for 9th Month as Market Slows

Posted on Dec 17, 2022 in Market Update

Another Month, Another Dip in Housing


Statistics released today by the Canadian Real Estate Association (CREA) show home sales edged down in November. National home sales fell 3.3% between October and November, continuing the moderating sales trend that began last February on the precipice of unprecedented monetary policy tightening. Sales are down...

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Canadian Housing Declines 0.2 from being flat in November

Posted on Dec 16, 2022 in Market Update

Canadian Housing Starts (November 2022)


Canadian housing starts were essentially flat in November, declining just 0.2 percent to 264.2k units at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were down from November of 2021 (14 percent). Single-detached housing starts fell 5 percent to 67.8k, while multi-family and others...

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BC Homes Continue to Decrease in November

Posted on Dec 14, 2022 in Market Update

Housing Market Activity Remains Slow in November

The British Columbia Real Estate Association (BCREA) reports that a total of 4,512 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2022, a decrease of 50.8 percent from November 2021 and about 30 percent below a historical average November. The average MLS® res...

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The Bank of Canada Hiked Rates The Full 50 bps

Posted on Dec 07, 2022 in Mortgage News

The Bank of Canada Hiked Rates The Full 50 bpsThe Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would "consider whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target." This is more dovish language than in earlier...

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Greater Vancouver Real Estate Statistics - November 2022

Posted on Dec 02, 2022 in Market Update

Vancouver Real Estate Statistics - MLS Data - November 2022Home sale and listing activity continue trending below long-term averages in November

While typically a quiet month of market activity based on seasonal patterns, November home sale and listing totals lagged below the region’s long-term averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region tota...

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Bank of Canada Unhappy With Latest Inflation Report

Posted on Nov 17, 2022 in Economics

Bank of Canada Will Not Be Happy With This Inflation ReportNot only did the headline CPI inflation rate stall at 6.9% last month, but the core CPI numbers remain stubbornly high. Food inflation--a highly visible component--edged down slightly. Still, prices for food purchased from stores (+11.0%) continued to increase faster year over year than the all-items CPI for the eleventh consecutive month. Bonds fe...

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