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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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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...

Vancouver Real Estate Market Update - March 2023

Posted on Mar 02, 2023 in Market Update

Below-average home sales allow inventory to inch upwards

February listing data show a continued reluctance among prospective home sellers to engage in Metro Vancouver’s housing market, leading to below-average sales activity. With sales remaining well-below historical norms, the number of available homes for sale in the region has continued inching...

Canadian GDP Update

Posted on Mar 01, 2023 in Economics

Canadian Monthly Economic Growth (Q4'2022)

Canadian real GDP declined 0.1 percent in December, the first monthly decline since January of 2022. The decline in GDP was concentrated among goods-producing industries (-0.6 percent) while services were flat. Canadian real GDP is now roughly 2.7 percent above its pre-pandemic, February 2020 level. Prelimi...

Canadian GDP Slows in Q4 2022, Supporting BoC Rate Pause

Posted on Feb 28, 2023 in Market Update

Bad News Is Good News for the Bank of Canada

Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this morning, showing a marked slowdown in economic activity. This will undoubtedly keep the central bank on the sidelines when they announce their decision on March 8. The Bank had estimated the Q4 growt...

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