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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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Bank of Canada Interest Rate Releases an Announcement

Posted on Jan 25, 2023 in Economics

Bank of Canada Interest Rate Announcement 


The Bank of Canada raised its overnight policy rate by 25 basis points to 4.5 percent this morning. In the statement accompanying the decision, the Bank noted that recent economic growth in Canada has been stronger than expected and labor markets remain tight but it sees growing evidence that monetary polic...

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Canadian Inflation Pressures Ease in December

Posted on Jan 23, 2023 in Market Update

Good News on the Inflation Front in December


The Consumer Price Index (CPI) rose 6.3% year over year in December, down from the 6.8% pace in November. Much of the decline was owing to the drop in gasoline prices. Additional deceleration came from homeowners' replacement costs, fuel oil and other owned accommodation expenses, and various durable good...

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Canadian Reatail Sales Dropped 

Posted on Jan 20, 2023 in Market Update

Canadian Retail Sales (November 2022)


Canadian seasonally-adjusted retail sales fell 0.1 percent in November to $61.8 billion. Sales fell in 6 of 11 subsectors but were led by lower sales at food and beverage stores (-1.6 percent) and building material and garden equipment and supplies dealers (-3.8 percent). Core retail sales, which strips out gaso...

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Canadian Inflation Continues

Posted on Jan 17, 2023 in Market Update

Canadian Inflation (December 2022)


Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.3 percent on a year-over-year basis in December, a decrease from the 6.8 percent rate in November. Falling gasoline (-13.1 percent month on month) and fuel oil prices drove the decline while softening costs for durable goods such as furniture an...

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Restaurant of the Month: Buddhachay Yaletown

Posted on Jan 15, 2023 in Community

Buddhachay is a new vegetarian spot in the heart of Yaletown occupying the old Do Chay location at 1269 Hamilton St, actually just steps away from our office.

They offer a great selection of classic Vietnamese dishes all served in a non-meat style. Chay is Vietnamese for vegetarian!

We checked it out one day last week for lunch and the food was extre...

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Home Sales in 2022 Decreases After the Record in 2021

Posted on Jan 13, 2023 in Market Update

Home Sales Decline in 2022 After a Record 2021


The British Columbia Real Estate Association (BCREA) reports that 80,874 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2022, a 35.2 percent decline from a record 124,788 units sold in 2021. The annual average MLS® residential price in BC was $996,878, a 7.5 percent incr...

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