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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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Vancouver Bucket List - March 2023

Posted on Feb 23, 2023 in Community

Here's the list of events you don't want to miss in Vancouver for March 2023:


16th Annual Coastal Dance Festival
March 2, 2023 - March 5, 2023
Recurring daily
777 Columbia St, New Westminster, BC V3M 1B6

Dancers of Damelahamid will host the 16th annual Coastal Dance Festival, honouring Indigenous stories, song, and dance from the Northwest Coast, Canada...

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Greater Vancouver Real Estate Inflation Update - January 2023 

Posted on Feb 21, 2023 in Mortgage News

Canadian Inflation (January 2023) 


Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.9 percent on a year-over-year basis in January, a decrease from the 6.3 percent rate in December. Slower appreciation in prices of cellular services and passenger vehicles contributed to slowing the overall pace of price appreciation. Rising inte...

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Canadian Inflation Slows in January Assuring a Rate Pause At March 8 BoC Meeting

Posted on Feb 21, 2023 in Market Update

Further Decline in Inflation in January Affirms Bank of Canada Pause in March


Canadian inflation decelerated meaningfully in January despite the continued strength in the economy. Labor markets remain very tight, and retail sales continue to be strong. Nevertheless, the Bank of Canada's jumbo rate hikes over the past eleven months have tempered infl...

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Canadian Retail Sales Increase

Posted on Feb 21, 2023 in Economics

Canadian Retail Sales (December 2022) 


Canadian seasonally-adjusted retail sales rose 0.5 percent in December to $62.1 billion. Sales rose in 7 of 11 subsectors but were led by higher sales at motor vehicle and parts dealers (+3.8 percent) and general merchandise stores (+1.7 percent). Core retail sales, which strips out gasoline and motor vehicle an...

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Strengthening Protection for Strata Property Owners

Posted on Feb 17, 2023 in Market Update

Better protection for strata property owners coming in November


Strata property owners in stratas which have been neglecting maintenance, risking higher insurance costs, will have new protections starting November 1, 2023.

Amendments to the Strata Property Act will raise the minimum amount developers and strata corporations must contribute to the con...

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Canadian Housing Market Remains Weak

Posted on Feb 15, 2023 in Economics

December Housing Data Ended 2022 on a Weak Note


The Canadian Real Estate Association says home sales in January were the lowest for the month since 2009 and fell 37.1% from a year ago. The Canadian housing market has been sliding for eleven consecutive months as the unprecedented rise in interest rates--up from 25 basis points to 4.5% for the policy...

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