June 2024

Inflation Heats Up Again, Casting Doubt on Bank of Canada Rate Cut in July

Posted on Jun 27, 2024 in Blogs

As of June 25, 2024, recent inflation data has cast significant doubt on the anticipated interest rate cuts by the Bank of Canada. The latest figures reveal that inflation accelerated to 2.9% in May on a year-over-year basis, up from 2.7% in April, surprising many economists who had expected a continued easing.

Key Drivers of Inflation
The primary co...

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Metro Vancouver Real Estate Market Update - May 2024

Posted on Jun 07, 2024 in Market Trends

Market Overview:
Home sales in Metro Vancouver saw a significant decline in May 2024, with transactions down 19.9% compared to May 2023. This decrease comes amidst an increasing inventory of homes, with over 13,000 properties now listed on the MLS®.

Sales Figures:

Total Sales: 2,733 residential properties, down from 3,411 in May 2023.
New Listings: 6,3...

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