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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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Quick way to Pay off your Mortgage 

Posted on May 03, 2023 in Mortgage News

How to Pay Off Your Mortgage Faster


When it comes to homeownership, many of us dream of the day we will be mortgage-free.

While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!

1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying...

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Greater Vancouver Real Estate Market Update - April 2023

Posted on May 02, 2023 in Market Update

Prices continue rising across Metro Vancouver as home buyer confidence returns


With listing activity remaining below historical norms, home sales in Metro Vancouver have mounted a surprising comeback, rising near levels seen last spring, before eight consecutive interest rate hikes eroded borrowing power and brought home sales activity down along wi...

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BCREA 2023 Second Quarter Housing Forecast

Posted on May 02, 2023 in Economics

BC Housing Market Expected to Strengthen


The British Columbia Real Estate Association (BCREA) released its 2023 Second Quarter Housing Forecast today.


Multiple Listing Service®(MLS®) residential sales in BC are forecast to decline 6.6 per cent to 75,530 units this year. In 2024, MLS® residential sales are forecast to post a strong rebound, rising 19...

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Greater Vancouver Monthly GDP - February 2022

Posted on Apr 28, 2023 in Economics

Canadian Monthly Real GDP Growth (February 2022) 


Canadian real GDP inched up 0.1 per cent in February, following a 0.6 per cent jump in January. Both goods-producing and services-providing sectors of the economy grew 0.1 per cent. Growth was led by the public sector (+0.2 per cent), professional, scientific and technical services (+0.6 per cent), a...

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OSFI Set To Tighten Banking Regulation

Posted on Apr 24, 2023 in Economics

Great News On The Inflation Front


On April 18, Canada's national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing about it.

Accor...

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Greater Vancouver Retail Sales Announcement - February 2023

Posted on Apr 21, 2023 in Economics

Canadian Retail Sales (February 2023)


Canadian seasonally adjusted retail sales fell 0.2 per cent in February to $66.3 billion. Sales fell in 4 of 9 subsectors, but the decrease was led by lower sales at gasoline stations and fuel vendors (-5.0 per cent) and general merchandise retailers (-1.6 per cent). Core retail sales, which strips out gasoline...

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