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Canadian employment gained 84k jobs in October (0.5%, m/m), following a gain of 378k in September. This is the sixth consecutive month of increases, putting national employment within 636k of its pre-COVID February level. The national unemployment rate was little changed at 8.9%, as some province...

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The October Labour Force Survey, released this morning by Stats Canada, showed an employment increase of 83,600--well below the 378,000 gain in September and average monthly gains of 395,000 over the past six months (see chart below). Several provinces tightened public health restrictions last mo...

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BCREA 2020 Fourth Quarter Housing Forecast

The British Columbia Real Estate Association (BCREA) released its 2020 Fourth Quarter Housing Forecast today.
Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 16.9 per cent to 90,450 units this year, after recordin...

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Home sale and listing resurgence extends into the fall

Home sale and new listing activity remained at near record levels across Metro Vancouver in October.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,687 in October 2020, a 29 p...

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The BCREA Economics team has created the COVID-19 Reopening Dashboard to help REALTORS® monitor the evolution of the BC economy as the province gradually reopens. This dashboard focuses on the sectors and activities that have been most significantly impacted by the pandemic and the province’s sub...

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Canadian real GDP grew 1.2 per cent in August, following a 3.1 per cent increase in July. That is the fourth consecutive monthly increase in GDP following the steepest contraction of the Canadian economy on record. The overall level of economic output remains about 5 per cent below its per-pandem...

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Retail sales rose for the third consecutive month in July by 0.6% on a seasonally-adjusted basis, close to Statistic Canada's preliminary estimate of 0.7%. This marks a deceleration from the 23% rise in June and a 21% rise in May, as stores were reopening. Sales were up in 6 of 11 subsectors, led...

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Canadian inflation, as measured by the Consumer Price Index (CPI) rose by 0.1% in August year-over-year, matching last month's increase. Excluding gasoline, the CPI rose by 0.6%. Prices rose in five of eight components year-over-year with notable increases in food, shelter, and personal care, whi...

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Hey Guys! It’s Adam Chahl here from the PLACE Real Estate Team and Oakwyn Realty Downtown and I’m excited for two reasons today. Number 1 - I get to bring you direct the August 2020 statistics from the Vancouver Real Estate board, and 2nd - this is the first Oakwyn.com blog post on those statisti...

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Testimonials

a month ago
We had an excellent experience with Place Real Estate. Adam is a genuine professional, an excellent communicator and has a refreshing positive energy. He’s an expert on Vancouver and both his knowledge and attentiveness are equally appreciated. He helped us find exactly the kind of place we had in mind and we couldn’t be happier! Throughout the whole process we felt heard and on the same page. A trust relationship is so important when investing and we highly recommend this agency. Thanks again Adam!
- Sasa A
a week ago
Adam is a phenomenal agent. He has a commitment to unparalleled customer service. I would recommend him in a heart beat.
- Corey R
a month ago
We used Adam Chahl as our realtor during the purchase of an investment property in Whistler. He was fantastic! He provided very thorough research and information, was extremely knowledgeable about the market, and really listened to what we were looking for. He is very responsive and did a great job from the day we expressed interest in purchasing a property until well after we received possession. I would recommend Adam to anyone I know and not hesitate to use him again!
- Karly J

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