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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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High Mortgage Rates Keeping Potential Buyers Sidelined

Posted on Jul 13, 2022 in Market Update

Canadian Mortgage RatesThe British Columbia Real Estate Association (BCREA) reports that a total of 7,136 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2022, a decrease of 35.7 per cent from June 2021. The average MLS® residential price in BC was $951,105, a 4.6 per cent increase from $909,657 recorded in June 2021. Total sales doll...

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Bank of Canada Interest Rate Announcement -July 13, 2022

Posted on Jul 13, 2022 in Mortgage News

Vancouver Real Estate MLS Listings Mortgage RatesThe Bank of Canada surprised markets with a larger than expected full point increase in its overnight rate, bringing its key policy rate to 2.5 per cent. In the statement accompanying the decision, the Bank noted that inflation is higher and more persistent than the Bank expected and will likely trend near 8 per cent through the summer before easin...

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Canadian Employment (June 2022)

Posted on Jul 08, 2022 in Economics

Canadian Real Estate EmploymentCanadian employment declined by 43,000 (-0.2 per cent) to 19.597 million in June, falling for the first time since January. As a result of fewer people looking for work, the Canadian unemployment rate also declined by 0.2 to 4.9 per cent, the lowest rate on record for a fourth consecutive month. Average hourly wages were up 5.2 per cent on a year-o...

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Vancouver Real Estate - Market Update June 2022

Posted on Jul 05, 2022 in Market Update

Vancouver real estate statistics - june 2022Home listings up, sales down and prices starting to decrease to start the summer season

With interest rates and housing supply increasing, Metro Vancouver* home buyers are operating in a changing marketplace to begin the summer season.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,444...

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What's On This Weekend in the Lower Mainland (July 1-3)

Posted on Jun 29, 2022 in Community

Wondering what to do in Vancouver this weekend? Lots of events are happening in the Lower Mainland and many attractions are operating.

See below for a list of what’s happening this Friday, Saturday and Sunday.

Friday, July 1st, 2022


Canada Day Boat Parties – three floating night club parties in the waters around Vancouver. Two of the parties are at ni...

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What's On This Weekend in the Lower Mainland (June 24-26)

Posted on Jun 23, 2022 in Community

Wondering what to do in Vancouver this weekend? Lots of events are happening in the Lower Mainland and many attractions are operating.

See below for a list of what’s happening this Friday, Saturday and Sunday.

Friday June 24th, 2022


Playland – rides and midway games at Vancouver’s favourite amusement park.

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