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Adam Chahl

Personal Real Estate Corporation - Oakwyn Realty

1286 Homer Street Vancouver, British Columbia V6B 2Y5

Phone: (604) 800-8710

adam@chahl.com

Featured Vancouver Properties

1502 - 1155 Homer Street

Apartment/Condo in Yaletown

Oakwyn Realty Ltd. (R3087285)

314 - 55 E Cordova Street

Apartment/Condo in Downtown VE

Oakwyn Realty Ltd. (R3084066)

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Canadian Jobs Market Booms Despite Rate Hikes

Posted on Feb 10, 2023 in Community

Red Hot Labour Market Despite Rate Hikes

Today's Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada's rate pause will last. This report showed no evidence that the labour market is slowing in response to the vast and rapid runup in interest rates.

Employment surged by 1...

Canadian Employment Rises

Posted on Feb 10, 2023 in Community

Canadian Employment (January 2023)

Canadian employment rose to 20.03 million in January, up by 150,000 (0.5 percent). The Canadian unemployment rate held steady at 5 percent, hovering just above all-time lows. Employment gains were concentrated among workers aged 25 to 54; workers in Ontario, Quebec, and Alberta; and workers in wholesale and retail...

Homeowners' Top Reasons to Sell

Posted on Feb 09, 2023 in Market Update

The Top Reasons for Selling Your House

Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting to lose the low mortgage rate they have on their current house. And while today’s ra...

2023 First Quarter Housing Forecast Update

Posted on Feb 06, 2023 in Market Update

Housing Market Faces a Challenging 2023 Before Posting a Strong Recovery in 2024

Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 7.1 percent to 75,150 units this year. In 2024, MLS® residential sales are forecast to post a strong rebound, rising 23.8 percent to 93,025 units.

“A slowing economy and still elevated mortg...

Vancouver Real Estate Market Update - January 2023

Posted on Feb 02, 2023 in Market Update

Home sales decline below long-term averages and inventory remains low to the start of 2023

Inventory remains low in Metro Vancouver while home sales dipped well below monthly historical averages in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 1,022 in January 2023, a 55.3 percen...

Canadian Real GDP Growth - November 2022

Posted on Jan 31, 2023 in Economics

Canadian Monthly Real GDP Growth

The Canadian economy grew 0.1 percent in November, matching the rate of growth in October. In contrast to the pandemic economy of the previous two years, the services sector is now leading the economy while goods-producing sectors struggle. Overall, growth was fairly broad-based with 14 of 20 Canadian industrial sec...

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