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Our proven online marketing get properties sold at a premium and in a shorter amount of time. Our intimate knowledge of the Vancouver market, and extensive experience, ensures your purchase or sale goes without a hitch.
Let’s get coffee.
The August employment report, released this morning by Statistics Canada, was considerably weaker than expected. Higher interest rates have slowed the red-hot labour market. The Canadian economy shed 39,700 jobs in August, missing market expectations of a 15,000 rise and bringing cumulative declines since May 2022 to 113,500 (see chart below). The...
The British Columbia Real Estate Association (BCREA) released its 2022 Third Quarter Housing Forecast Update today.
As was widely expected, the Bank of Canada raised its overnight policy rate by 0.75 basis points, bringing it to 3.25 per cent. In the statement accompanying the decision, the Bank noted that while CPI inflation eased somewhat in July, that easing was due only to a fall in gasoline prices and more broad-based measures of price growth like core infl...
Metro Vancouver’s housing market sees fewer home buyers and sellers in August
The Canadian economy rose 0.1 per cent in June, up for the fifth consecutive month. Goods-producing sectors rose 0.1 per cent while services-producing industries were up 0.2 per cent. Canadian real GDP is now roughly 2.3 per cent above its pre-pandemic, February 2020 level. However, preliminary estimates suggest that output in the Canadian economy...
Gasoline Prices Dipped, But No Time To Celebrate